Caroline Green steps up as founder Nigel Parkes retires as MD of Pallet-Track

UK pallet network Pallet-Track has announced the appointment of Caroline Green MBE (pictured above) as its new chief executive.

Ms Green, who was appointed Pallet-Track’s chief financial officer in September, will replace Nigel Parkes (above), the founder and MD who is stepping down from the board after 19 years at the helm.

Mr Parkes will remain a significant shareholder of the business and takes a seat on the board of parent company Palman.

He had continued as MD for the two years following private equity firm TPA Capital’s investment in the company, but the 50-year-old had already begun the process of looking for a successor.

“I knew I was going to step back from the day-to-day running of the business,” he said. “Working with Caroline from the autumn, I soon realised that she was bringing a new fresh perspective to the business as CFO – she is so enthusiastic and a breath of fresh air, so the board and I asked her if she would consider taking on the CEO role.

“From a personal point of view, leaving Pallet-Track was always going to be a big step for me, but I know I can now stand down knowing the business is in very good hands.”

Ms Green will take up her new post in April. She said: “This is a bittersweet moment for me – I am extremely honoured and excited to be taking Pallet-Track forward, but unfortunately, it will be without Nigel, day to day – these are very big shoes to fill.”

She began her career in the supply chain of global giant Xerox and joined Pallet-Track last year from ReBound Returns, where she had been chief operating and finance officer.