GORDON MARTIN TO PASS COOGEE TO SON

23 July, 2014

The move will come as the company builds its presence in fuel distribution through a deal to set up an import terminal with a  Japanese industrial giant.

Tim Martin has been running the $300 million business for  the past two years as managing director. He will become executive chairman from July 1 next year, with Gordon Martin staying on the board as a non-executive director.

The board will appoint a professional chief executive from that date. "It will be someone from outside the family," Tim Martin said. "There's been a plan in place for some time. It's well known in the company."

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