Brambles, Cochlear and Fletcher Building shake up executive ranks

Some of our best-known firms are shaking up their ranks with Brambles and Cochlear announcing CFO moves.

Outgoing Cochlear CFO Neville Mitchell (left) with Cochlear CEO Chris Smith in Sydney after releasing the companies half-year results earlier this year. (Pic: James Croucher)

Changes are afoot in the CFO ranks of some of Australia’s biggest companies, with moves announced at Brambles, Cochlear and Fletcher Building this morning.

Supply chain logistics giant Brambles said it had found a replacement for outgoing chief financial officer Zlatko Todorcevski, with Nessa O’Sullivan to formally assume the role from November 17 2016.

Ms O’Sullivan most recently served as CFO of soft drinks bottler Coca-Cola Amatil, stepping down in March 2015 after five years in the position.

Mr Todorcevski, who declared his intention to retire back in February, will continue with the company until February to aid with the transition.

Meanwhile, biotech behemoth Cochlear today announced the departure of long-serving CFO Neville Mitchell, who will retire by the end of fiscal 2017.

A search is underway for a replacement to hopefully take up the role in the first half of calendar 2017.

Elsewhere, building products manufacturer Fletcher Building appointed Bevan McKenzie as its new chief financial officer in the wake of the resignation of Gerry Bollman.