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Brambles Industries Limited
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Company general info:
Brambles hopes customers will call on CHEP to help them schlep goods through the supply chain. Brambles' primary subsidiary, CHEP is a leading lessor of shipping pallets and plastic containers. In a typical transaction, CHEP issues a pallet or container to a manufacturer, which then uses the equipment to ship goods to a distributor or retailer. After products reach their destination, the pallet or container is returned to CHEP for reconditioning before being sent on its next journey. Overall, CHEP manages a pool of more than 300 million pallets and containers from service centers in about 45 countries. Brambles' other main business, Recall, offers records management services.
Brambles is concentrating on increasing the market penetration of CHEP's pallet leasing business, particularly in the Americas. The food service and beverage industries have been identified as growth opportunities. A new service offering, in which CHEP bases employees and equipment at customers' sites, has won a favorable response. At the same time, the company is working to expand CHEP's European business, especially in Germany and Poland, and it has launched operations in China and India.
Recall, which operates in more than 20 countries in the Americas, the Asia/Pacific region, and Europe, hopes to grow by taking advantage of increased demand for security in information management and by selling more packages of physical and digital records storage services. It is also working to cut costs, particularly in its operations in the Americas.
To go with its growth agenda, Brambles has a new CEO. Michael Ihlein, who had served as CFO, took over in 2007 after David Turner retired.
Financial Information
2006 Sales (mil.) / $2,570.81-Year Sales Growth / (59.3%)
2006 Net Income (mil.) / $1,068.9
1-Year Net Income Growth / 165.4%
2006 Employees / 26,292
Key People
Chairman / Graham KraeheChairman, Executive Leadership Team and CEO / Michael F. (Mike) Ihlein
CFO and Director / Elizabeth (Liz) Doherty
SVP and CIO, CHEP / Donna Slyster
SVP Strategic Development / Jasper Judd
Business Structure
Brambles has its headquarters in Australia and operates in over 45 countries around the world. Its two businesses are
CHEP, which issues, collects, repairs and reissues about 285 million pallets and containers to assist manufacturers, distributors and retailers to transport their products safely and efficiently.
Recall, which manages the secure storage, retrieval and destruction of physical and digital information for nearly 80,000 customers worldwide.
Top News Stories
24-Jun-2008
Brambles Delivers Solid Performance and wins significant new business
Blue Ribbon CIO
6/27/2007
CHEP’s Donna Slyster is on the Leading Edge
Donna Slyster, CHEP’s Senior Vice President and Chief Information Officer, enjoys staying on the leading edge of Information Technology, looking for new IT solutions that make CHEP more efficient and customer-friendly. Recently, she was honored as one of Computerworld’s Premier 100 IT Leaders for 2007. Honorees were selected for excellence in mentoring and motivating employees, envisioning innovative solutions to business challenges, and effectively managing and executing IT strategies.
30 April, 2007; Company Website
MICHAEL IHLEIN APPOINTED CHIEF EXECUTIVE OFFICER
Brambles Limited announced today that Michael Ihlein has been appointed Chief Executive Officer of
Brambles, with effect from 1 July 2007. Mr Ihlein, who has been Chief Financial Officer of Brambles since joining the group in March 2004, will succeed David Turner whose retirement as CEO on 30 June 2007 was announced earlier this year. The Chairman of Brambles Limited, Don Argus, said that the decision to appoint Mr Ihlein followed an extensive global search, which included the review of internal and external candidates. “Mike has made an outstanding contribution since joining Brambles in early 2004,” Mr Argus said. “He played a lead role in developing the strategy announced in November 2005 to divest the Group’s non-core assets and unify Brambles’ dual-listed companies structure. Mike’s drive and determination were key factors in the successful implementation of that strategy and the resulting generation of significant shareholder value. “With his strong commercial and financial acumen and his solid understanding of Brambles’ operations, Mike is uniquely positioned to lead Brambles as we build on the foundations which have been laid for the Group’s ongoing success.”
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