Mark Rowsthorn

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Mark Rowsthorn is an Australian businessman in the transport industry. He is chair of Toll NZ, New Zealand's largest transport company. From its creation until February 2011 he was CEO of one of Australia's largest transport companies, Asciano Limited,[1] and he is now CEO of the transport firm McAleese.[2]

Biography[]

His father, Peter Rowsthorn, was formerly chairman of Toll Holdings. Along with Paul Little, Peter Rowsthorn bought the company in 1986. Because he holds nearly 10% of the company's shares, Mark Rowsthorn has an estimated net worth of over A$700 million, and Forbes magazine named him as the 36th-richest person in Australia and New Zealand in 2006.[3]

When Asciano Limited was separated from Toll in June 2007, Rowsthorn became CEO and managing director of Asciano. He had to relinquish his interests in Toll Group as part of the break-up.[4] In February 2011 Asciano's chairman announced the surprise replacement of Rowsthorn by John Mullen, saying that the company needed a different leader for its next phase of growth.[1]

In March 2014 it was announced that Rowsthorn would replace Paul Garaty as CEO of the transport firm McAleese. Rowsthorn was reported to own almost 30 per cent of McAleese, which had been the subject of criticism about its poor safety record.[2]

Rowsthorn is passionate about horse racing and was a part-owner of the thoroughbred "Baughaust".[citation needed]

His brother is the actor and comedian Peter Rowsthorn.

Savoy Tavern reopening[]

Rowsthorn owns the Savoy Tavern on the corner of Spencer and Bourke streets in Melbourne. It was closed for twenty years and becoming increasingly derelict, at one time being described by Melbourne Lord Mayor Robert Doyle as a "scab" on the city. Rowsthorn originally refused to do anything to improve the property, so Doyle said he would resort to a personal appeal to Rowsthorn to allow Melbourne City Council to demolish the building and install a park.[5] However, it was reported in May 2013 that the tavern would be renovated and reopened as a bar, with a café attached.[6] The reopening took place in March 2014.[7]

References[]

  1. ^ Jump up to: a b Tracy Lee (7 February 2011). "New Asciano CEO John Mullen to improve returns, says chairman". Retrieved 7 February 2011.
  2. ^ Jump up to: a b Wiggins, Jenny (29 March 2014). "Mark Rowsthorn takes McAleese CEO hot seat". The Sydney Morning Herald. Retrieved 1 April 2014.
  3. ^ Forbes.com (2006). Australia & New Zealand's 40 Richest. Retrieved 2 June 2006.
  4. ^ "Asciano Executive Management". Asciano Limited. Archived from the original on 31 August 2007. Retrieved 21 June 2007.
  5. ^ Dowling, Jason, & Perkins, Miki (9 July 2012). "Memo from the lord mayor: Fix these bomb sites". The Age. Retrieved 1 April 2014.
  6. ^ Lowe, Adrian (9 May 2013). "Long-vacant city 'scab' set for facelift". The Age. Retrieved 1 April 2014.
  7. ^ Dowling, Jason (11 March 2014). "Savoy Tavern to reopen doors 20 years after last orders". The Age. Retrieved 1 April 2014.


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