Lindsay Australia said that under his leadership, the company has become one of Australia’s largest transport companies employing more than 1500 people.

During his time as CEO, Lindsay Australia has grown from operating revenue of $144.3 million and EBITDA of $12.3 million in 2003 to revenue of $553 million and EBITDA of $60.1 million in FY2022.

The company is currently on track for a record year in FY2023 with EBITDA forecast to be in the range of $68 million to $71 million.

Mr Lindsay had given the company 20 years of uninterrupted service as CEO.

He worked for Lindsay Brothers Transport from 1974 to 1983 before establishing P&H Rural Supplies Pty Ltd in 1983.

As managing director of PHRS, he was responsible for expanding the business from a small local operation to a major regional business, serving as the foundation for the current Lindsay Rural division.

P&H Rural Limited and Lindsay Brothers Holdings Pty Ltd were merged and subsequently became a publicly listed company in December 2002, with Mr Lindsay serving as managing director and CEO of Lindsay Australia.

The company said in a statement that: “There is no question that Kim will leave Lindsay Australia well-positioned to achieve the group’s significant ambition of reaching annual revenue of $1 billion and EBITDA of $100 million whilst driving shareholder returns over the coming three to five years.”

“The board will consider internal and external candidates in its CEO search and has retained a leading recruitment firm to assist with the process.

“After an appropriate break, the board will engage with Kim regarding an on-going non-executive role with the company.”

Delivering results: Under Kim Lindsay’s leadership, Lindsay Australia is now one of the nation’s biggest transport groups

By Neil Dowling