Brambles: Cameron McIntyre to retire as non-executive director Oct. 23

Brambles: Cameron McIntyre to retire as non-executive director Oct. 23

Brambles Limited ((AU:BXB)), a leading global supply chain solutions provider, has announced that Cameron McIntyre will retire from his position as a non-executive director on October 23, 2025. This decision follows McIntyre's tenure of over five years on the board, during which he has made significant contributions to the company's strategic direction and financial performance.

McIntyre's departure comes at a time when Brambles is reporting robust financial results and achieving notable milestones. In its Q4 earnings call, the company showcased a commendable financial performance with a 3% increase in sales revenue and a 10% rise in underlying profit [1]. Brambles also exceeded USD 1 billion in free cash flow before dividends for the first time, highlighting its strong operational efficiency and strategic initiatives.

The company has been successful in new customer acquisitions, particularly in the U.S. and Europe, driven by conversions from whitewood pallets. Additionally, Brambles has made significant strides in sustainability, reporting a 56% reduction in injury frequency rate and surpassing its target of incorporating 30% recycled plastic in new platforms [1].

Despite these achievements, Brambles faces challenges such as inventory management issues, macroeconomic uncertainties, and rising supply chain and overhead costs. The company expects to return to optimal inventory levels by 2027 and is navigating ongoing tariff concerns and lower like-for-like volume growth due to macroeconomic uncertainty [1].

Looking ahead, Brambles anticipates continued growth with sales expected to increase by 3% to 5% in FY '26, and underlying profit growth projected between 8% and 11%. The company plans further share buybacks of up to USD 400 million in FY '26 and aims to continue its sustainability progress [1].

McIntyre's retirement will be effective from October 23, 2025. The company will announce McIntyre's replacement in due course. Brambles' board will continue to provide strong leadership and strategic guidance as the company navigates its ongoing growth and challenges.

References:
[1] https://www.tipranks.com/news/company-announcements/brambles-limited-reports-strong-earnings-amid-challenges