Suttons MD Palmer to retire
ANDREW Palmer has announced he is stepping down as group managing director of Suttons, the international logistics group based in Widnes.
The privately-owned company, which has 14 offices in Europe, the Far East, Middle East and US, said Mr Palmer, who has led the business for eight years would move to a non-executive role on April 30.
He will be replaced by John Sutton, currently head of the group’s international division, who will also join the board of Thomas Cradley Holdings Ltd – Suttons’ parent company.
Group chairman Michael Sutton paid tribute to Mr Palmer’s strong contribution to the business, stating: “The board and the shareholders would like to express considerable thanks to Andrew for the way in which he has transformed the fortunes of the company making it a highly profitable and substantial global provider of bulk logistics services with an outstanding reputation for safe, high quality services.
He added: “John has managed the international division through a period of high growth and the board looks forward to him building on the excellent work done by Andrew. A separate announcement will be made about the succession in the international division.”
In the year to the end of April Suttons’ turnover rose 9% to £148.5m.
The group has four subsidiaries focusing on road tanker operations, UK warehousing and distribution, international shipping and forwarding and chemical drumming.