Transurban announced that its Chair, Mr. Lindsay Maxsted, will retire from the Board of Transurban Group at the conclusion of the Group's Annual General Meetings to be held on 20 October 2022 (2022 AGM). Mr. Maxsted joined the Board in March 2008 and has served as Chair since August 2010. He has overseen a period of strong growth across Transurban in line with the Group's strategy and purpose with a focus on disciplined capital allocation supporting growth in the asset base from both organic development and acquisitions.

The Board has elected current Non-executive Director, Mr. Craig Drummond, as Mr. Maxsted's successor as Chair effective from the conclusion of the 2022 AGM. Mr. Drummond joined the Board on 1 July 2021 and has over 30 years' experience in financial and regulated service industries. He has extensive experience across all facets of company management, including equity and debt capital markets, risk management and business strategy.

Mr. Drummond is currently a Non-executive Director of the Australian Foundation Investment Company Limited, a member of the Financial Regulator Assessment Authority, President of the Geelong Football Club and a Governor of The Ian Potter Foundation. He previously held a number of senior leadership positions including Chief Executive Officer of Medibank, Group Executive Finance and Strategy of National Australia Bank Limited, Chief Executive Officer and Country Head of Bank of America Merrill Lynch (Australia), and Chief Executive Officer and Executive Chairman of Goldman Sachs JBWere. Mr. Maxsted will work closely with Mr. Drummond to facilitate a smooth and orderly transition.