New Transurban CEO Michelle Jablko will be ‘smart and disciplined’
Outgoing Transurban chief executive Scott Charlton says there will be no loss of momentum when he departs the $43 billion toll road group in October and is replaced by finance boss Michelle Jablko, expanding the number of women running Australia’s top companies.
Ms Jablko, who left ANZ in early 2021 to become Transurban’s chief financial officer, was named as Mr Charlton’s successor as the company delivered a five-fold increase in annual net profit to $92 million. She will raise the number of women bosses at the top 20 ASX-listed companies to six.
Ms Jablko toldThe Australian Financial Review that she was inheriting an “incredibly strong” business with plenty of opportunities but that she planned to be “smart and disciplined” about pursuing them.
Transurban chief financial officer Michelle Jablko will succeed Scott Charlton as CEO in October. Eamon Gallagher
“We’re going to have to continue to deliver value to customers and we have to be a long-term trusted partner,” she said.
Mr Charlton said he was proud of gaining investors’ trust to raise billions of dollars of capital over the past decade and having an internal successor.
“Normally when you have an external party come in it’s because the board thinks there needs to be a change of strategy, change of culture, change of approach,” Mr Charlton said,adding that companies “lose a bit of momentum” with external CEOs because they often replace staff.
“Obviously Michelle will make it her own… but the company’s working really well,” Mr Charlton said.
Melbourne-based Ms Jablko, who holds degrees in law and economics and is a former investment banker, has long been considered the lead contender to replace Mr Charlton given her strong financial and legal background.
She will
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