Transurban has named its current chief financial officer as its next CEO and has announced a record shareholder payout after a nearly sixfold increase in profit.
Michelle Jablko, who was the chief financial officer at ANZ before joining Transurban in early 2021, will succeed Scott Charlton as the toll road operator's next chief executive in October.
Transurban also on Wednesday announced it had made $92 million in profit for the 12 months to June 30, up from $16 million in 2021/22.
Revenue increased from $3.4 billion to $4.16 billion, with its revenue from tolls climbing from $2.3 billion to $2.8 billion as Transurban reported record traffic on its roads.
In Sydney, average daily traffic was up 24.1 per cent, while in Melbourne traffic was up by 24.4 per cent. It rose 9.4 per cent in Brisbane and 6.7 per cent in North America.
“We’ve seen strong traffic growth in all markets, resulting in a Transurban Group record of 2.4 million average trips a day for the year," Mr Charlton said.
Mr Charlton said Ms Jablko's appointment followed an extensive global search.
"Michelle brings a balance of strong leadership, financial acumen, experience in complex transactions, a focus on building relationships with all stakeholders and a sharp strategic mind," he said.
The company announced it would pay a record half-year distribution of 31.5 cents per share, taking its total 2022/23 distributions to 58 cents per share, up 51.5 per cent year-on-year.
Transurban predicted it would issue a 62 cent per share distribution in 2023/24, a seven per cent increase.
