The owner and founder of integrated rail and logistics provider, SCT Logistics has announced, after two decades that he will be stepping down as Chairman.
After 50 years working in the transport industry, Peter Smith confirmed the news last week.
He will remain on the board as a non-executive director.
Mark Stone, who up until recently held a position as the CEO of the Victoria Chamber of Commerce, has been announced as the new Chairman.
In a statement Stone, who was also recently appointed the Chairman of Goulburn Valley Water, said he was pleased to deepen his association with SCT Logistics.
“I have worked with SCT for a number of years through their association with the Victorian Chamber and relish the opportunity to Chair such a dynamic and innovative company," he said.
Smith, whose road fleet business is largely established to complement its freight rail operations, helped pioneer rail privatisation.
He has developed over five decades a unique perspective of the industry.
“The fundamentals of moving freight from A to B whichever the mode is the same today as they were when I started”, he said.
“You just need to look after your customers, hire the best people, be as innovative as you can and do the job smarter than the next bloke," said Smith.
"I am fortunate to be able to work with my boys, with a loyal group of Directors and the incredibly committed Management team we have at SCT today."
He recognised that change within any business is necessary and welcomed Stone to the role.
"I am excited to announce Mark Stone AM as our new Chairman. Having dealt with Mark for a number of years I have no doubt that he will represent our company well, re-energise our Corporate board and provide solid management oversight," he said.
SCT Logisitcs acknowledged Stone as highly regarded in business and political circles and formerly welcomed him to the SCT Group.
A family business spanning four generations, De Bruyn’s Transport runs, among its wide and varied equipment range, food grade, pneumatic and chemical tankers across the state of Tasmania. Data it produces from the telemetry system in its Mack Granites remains a critical tool for delivering ongoing operational efficiencies.