The Chairman of 7-Eleven Stores Pty Ltd, Michael Smith announced today that Angus McKay has been appointed the company’s new Chief Executive Officer.
Mr McKay, who was most recently the CEO and Managing Director of Skilled Group Limited (ASX:SKE), will take up his new position effective today. His appointment follows a global recruitment search and he will take over from interim CEO Bob Baily, who will remain a member of the 7-Eleven Board.
Mr Smith said the appointment of Mr McKay is a crucial part of advancing the company’s Strategic Reform Programme, which is focused on growing 7-Eleven, improving our operations and enhancing our people and culture to ensure we have 21st century workplaces that are fair, efficient and customer focused.
“Mr. McKay is a proven builder of strong and connected teams and has created successful cultures in multiple business environments, which makes him a perfect fit for 7-Eleven.
“Angus has a long and successful history across a range of industries and in many parts of the world where he has brought a strategic approach to business development as well as operational capability and efficiency, which are all important attributes to building the new 7-Eleven.
“I am looking forward to a long and productive relationship with Angus as 7-Eleven’s Chief Executive Officer,” Mr. Smith said.
Mr. McKay said “I am delighted to have the opportunity to lead 7-Eleven and ensure it continues to grow and remains Australia’s number 1 convenience store operator.
“I am committed to building a strong relationship with our Franchisees and enabling them to run their stores in a way that delivers value for them as small business people, provides innovative and quality products and outstanding service for customers and where stores are satisfying places to work.
“Working with Franchisees as well as our suppliers and other stakeholders will be a crucial part in 7-Eleven’s on-going success and being an industry leader.
“The Strategic Reform Programme sponsored by the Chairman is a central plank in our future and it will continue being implemented across the organization as the basis for enhanced governance and oversight and having the people and culture to ensure our business is the best it can be,” Mr. McKay said.
7-Eleven’s major shareholder Russell Withers welcomed the appointment and said “Mr. McKay’s experience will bring new thinking and a fresh approach to our business that would enable 7-Eleven to remain Australia’s number 1 convenience store operator.”
Angus McKay is a highly experienced global business leader with a strong track record of performance in range of industries including Technology, FMCG, Transport and Industrials.
Recent achievements include:
· Chief Executive Officer and Managing Director of Skilled Group Ltd.
Conducted detailed strategic review, highlighting opportunities for growth with new and existing customers and the expansion of product offering. Stabilised and motived the management team during period of significant change (takeover target, new CEO and strategic review) with no senior management turnover during this period.
Initiated changes in business culture starting to shift the organizational focus from cost reduction to revenue growth, resulting in a more customer centric culture, a targeted and detailed business performance management approach and improved performance.
· Managing Director – Pacific National Rail
Significantly reshaped the business strategy to focus on profit via revenue growth and infrastructure investment. Drove significant cultural change and introduced new capabilities and talent, including an enhanced selling capability and Six Sigma competency, which served as sources of both business improvement and high potential talent.
Drove digital strategy focusing on the customer service experience and a simple / transparent interface with direct and indirect customers.
· Chief Financial Officer – Asciano Limited
As CFO – Built a new team to focus on capital allocation, performance management, Treasury operations and risk management. Established new position of CIO and sponsored upgrades to systems environment including hardware outsourcing arrangements, digital strategy development and deployment.
· Chief Financial Officer – Foster’s Group Limited
Responsible for all financial aspects of the Group, strategy and business development and investor relations, with particular focus on a successful demerger process.
Built a high quality global Finance team. Managed, evaluated and was accountable for shared execution (post approval) of all acquisitions and disposals of assets, and related strategic initiatives.