23/08/2013 - 14:11

Jim Walker to step down as Westrac chief

23/08/2013 - 14:11

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Departing Westrac chief executive Jim Walker.

Westrac is on the lookout for a new chief executive, after the long-serving Jim Walker announced his retirement today.

Mr Walker joined Westrac in 1989 and has been chief executive for the past 13 years.

Westrac, which distributes Caterpillar mining machinery, is a subsidiary of Kerry StokesSeven Group Holdings.

Mr Stokes paid tribute to Mr Walker, describing him as “a legend of the industry”.

“Jim’s contribution to Westrac and Seven Group Holdings has been extraordinary,” Mr Stokes said in a statement.

“People like Jim don’t come around all that often in life but I’m so pleased that he’ll still be working with us in a new role post-retirement, building on our partnerships with Caterpillar and our key customers.”

Seven Group managing director Don Voelte said the company would miss Mr Walker’s contributions.

“We have taken him up on his offer of a generous transition period as we commence our succession process for the role of CEO of Westrac," Mr Voelte said.

At 2:00PM, Seven Group Holdings shares were up 1.5 per cent, at $7.88. 

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