Australian chemical distributor Ixom, which was acquired by Keppel Infrastructure Trust (KIT) in 2019, has announced the appointment of its new interim CEO David Head on Feb 26.

Head replaces outgoing CEO Paul Atkinson with immediate effect as the company launches a global executive search for its next CEO.

SEE: Keppel Infrastructure Trust and Philippine partner to acquire Philippines' largest petroleum products import storage facility

“On behalf of the Board, I would like to thank Paul for his service, commitment and dedication. During his tenure, he led the leadership team in streamlining Ixom’s asset portfolio, sharpening the business focus and setting a platform for future growth. We wish Paul well for his future endeavours. At the same time, I am glad to welcome David as Ixom’s interim CEO,” says Andrew Larke, chairman of Ixom.

Head comes with over 30 years of experience in leading companies spanning a wide range of industries in Australia, New Zealand, Asia and Europe.

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Units in KIT closed 0.5 cent lower or 0.9% down at 54.5 cents on Feb 26.