Kruger to lead Toll forward

TOLL Holdings has appointed its chief financial officer (CFO), Brian Kruger (right), as its new managing director. Kruger will replace Paul Little, who will remain on the board as a non-executive director, on 1 January 2012.

Kruger previously worked for mining company BHP and Bluescope before joining Toll two years ago.

Toll’s chairman, Ray Horsburgh, said Kruger’s management style has made him well-regarded within Toll. “He has an outstanding business pedigree and will be a highly capable successor to Paul,” he added.

Little described Kruger as a “superb executive” and “a particularly effective leader of people”.

A search for a new CFO will begin shortly and in the meantime Grant Devonport, head of finance for the global resources division, will act in the role from 1 September.