Source: ARB Corporation
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • ARB Corporation (ARB) appoints Lachlan McCann as its CEO, effective immediately
  • Mr McCann has been with the company since 2001 and rising to become the Chief Operating Officer prior to his CEO appointment
  • The company says significant growth had been achieved during Mr McCann’s tenure, particularly in international and OEM sales since he assumed responsibility for these areas in 2014
  • The appointment is a planned part of the smooth transitioning of the company’s executive management team to ensure ARB’s ongoing leadership, company culture and success
  • On market close, ARB shares were up 0.88 per cent, trading at $29.69 each

ARB Corporation (ARB) has appointed its Chief Operating Officer Lachlan McCann as its CEO, effective immediately.

Mr McCann has been a long-time employee of the company since 2001.

During this time, he has held various leadership roles such as Managing Director of the Thai operations between 2010 and 2014 and General Manager of International and OEM Sales between 2014 and 2018.

During Mr McCann’s tenure, the company said it has achieved significant growth, particularly in international and OEM sales where he was in 2014.

Chairman Roger Brown said the board is “very pleased” with Mr McCann’s CEO promotion.

“Lachlan has made a strong contribution to ARB over many years and is committed to our core values of driving excellence with passion.

“We are confident that his leadership, drive and global Four Wheel Drive industry experience will underpin the company’s ongoing growth. We wish him every success in his new role.”

The appointment is planned to be a smooth transition, with Andrew Brown continuing in the role as Managing Director.

On market close, ARB shares were up 0.88 per cent, trading at $29.69 each.

ARB by the numbers
More From The Market Herald

" Ausgold (ASX:AUC) hits further high-grade gold across Katanning project, WA

Ausgold (ASX:AUC) hits further high-grade gold intercepts at its Katanning gold project in Western Australia.
AusQuest (ASX:AQD) - Managing Director, Graeme Drew

" AusQuest (ASX:AQD) begins RC drilling at Morrisey

AusQuest (ASX:AQD) has begun reverse circulation (RC) drilling at the Morrisey Nickel-Copper-Platinum Group Element (PGE) Project…
PEXA (ASX:PXA) - Chairman, Mark Joiner

" PEXA (ASX:PXA) to begin digital remortgaging this year

PEXA Group (ASX:PXA) has confirmed its first wave of lenders will begin digital remortgaging in the UK…
HITIQ (ASX:HIQ) - CEO, Mike Vegar

" HITIQ (ASX:HIQ) secures third Australian innovation patent

HITIQ (ASX:HIQ) has secured a third Australian innovation patent related to its virtual reality (VR) concussion…