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New CFO for Aurizon

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Dry Bulk,

Pam Bains has been elected as the new Executive Vice President and Chief Financial Officer of Aurizon, following the impending departure of Keitth Neate.

Neate is reported to be leaving this week on mutual agreement.

“Keith has been with Aurizon for the past five years and has done a good job helping with the successful transformation work to date as well as developing the internal capability of the finance team, said Managing Director and CEO Andrew Harding. “However, I have a strong view on the work that needs to be done to further reform Aurizon, drive down costs and improve competitiveness and efficiency.”

Bains is currently the Vice President Network Finance and has been with the company for the pas six years.

“On behalf of shareholder I want to take Aurizon to the next phase of growth and development and I believe Pam will be an asset to my executive leadership team in helping deliver this goal.”

In her various senior management roles at the company, Bains has led of played a key role in a number of major projects, including transition of reporting requirements at IPO to meet external reporting requirements for a listed entity, capital restructuring in the network business as well as support for various regulatory reforms, which have improved the financial performance of the network business.

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