Toll road developer Transurban has announced the resignation of its Chief Executive Officer and Director, Chris Lynch, who will depart after serving in the role for four years.


“Chris has made an outstanding contribution to Transurban. On Behalf of the Board I would like to thank him for his efforts and express our appreciation for the accomplishments over that period,” Transurban Chairman Lindsay Maxsted said.


In his announcement, Mr Lynch said that the company’s ‘excellent shape’ and strong balance sheet meant the time was right for him to stand down from the role and allow the company to seek a new CEO.


“Transurban is an outstanding business that continues to deliver on its commitments to investors, Government partners and customers. I am proud of the leadership group and staff in the way they have embranced challenges and opportunities we have encountered in my four years as CEO,” Mr Lynch said.


“The future is very bright for Transurban. It is a business with a clear strategy, a strong group of leaders, world leading infrastructure assets and an active growth pipeline.”


Mr Lynch was appointed to the Boards of Rio Tinto plc and Rio Tinto Limited as a non-executive director in September last year.


Before his appointment to Transurban, he served seven years at BHP Billiton, where he was chief financial officer and then executive director and group president - Carbon Steel Materials.


Prior to this he spent 20 years with Alcoa Inc holding various senior roles, including vice-president and chief information officer (1999 to 2000), chief financial officer, Europe (1997 to 1999) and managing director of KAAL Australia Limited, a joint venture between Alcoa and Kobe Steel of Japan (1995 to 1997).