Brambles to spend $110 mln on pallets, CEO retires
MELBOURNE Oct 6 (Reuters) - Australia's Brambles Ltd (BXB.AX), the world's top pallet supplier, said it plans to spend $110 million over three years to improve its pallets to attract more U.S. customers.
The upgrade follows a review of its CHEP USA business, which operates in a $10 billion market.
It added that its chief executive, Mike Ihlein, would retire in November, and would be replaced by Tom Gorman, currently head of the European arm of CHEP. (Reporting by Sonali Paul; Editing by Jonathan Standing)
- U.S. war veteran released by North Korea returns home |
- South Korea to make announcement on air zone; expansion is anticipated |
- Pro-Europe protesters gather for rally in Kiev
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- Obama defends interim Iran deal, seeks to assure Israel