The Chairman of Brambles Limited, Stephen Johns, announced that Tom Gorman elected to retire as Chief Executive Officer and a Director of the Company effective 28 February 2017 and retire from the Brambles Group effective 30 June 2017. The Brambles Board has appointed Graham Chipchase to succeed Mr. Gorman. Until June this year Mr. Chipchase, 53, was Chief Executive Officer of Rexam plc.

He joined Rexam in 2003 as Finance Director and successfully managed the company's plastics division until his appointment as CEO in 2010. During his tenure as CEO, Mr. Chipchase refocused the company's strategy on core operations and strengthening customer relationships. Mr. Chipchase will commence with Brambles as CEO designate on 1 January 2017 and work closely with Mr. Gorman in the two-month transitional period until Mr. Chipchase takes over as CEO on 1 March 2017.

Mr. Gorman will also be available to assist Mr. Chipchase up to 30 June 2017.