Lance Hockridge, Managing Director & CEO
Shangri-La Hotel Sydney
176 Cumberland Street
'New Horizons for QR National: Two Years on From Privatisation and IPO'
QR National was the largest IPO in Australia in a decade when it went to market in November 2010, following the controversial privatisation by the Queensland Government.
What followed has been two years of intense reform and restructuring of the company, amid a raft of legacy issues inherited from 145 years in government ownership.
The transition from government bureaucracy to top 50 ASX company is a turnaround story.
Hear how Lance Hockridge is driving the cultural and operational changes at all levels of the business – customer and growth; safety culture; workforce; and, cost and productivity.
QR National’s operations span the east coast of Australia and west to Perth, with a heritage of 145 years.
QR National's business is 80 per cent leveraged to the Australian resources sector with a significant focus on coal and iron ore haulage in Queensland, New South Wales and Western Australia.
In 2010/11, QR National transported more than 240 million tonnes of freight.
It operates and manages the 2300 kilometre Central Queensland coal network, the largest coal rail network in the country, that links mines to coal ports at Bowen, Mackay and Gladstone.
QR National’s specialised engineering, construction and maintenance services are among the largest in the southern hemisphere.
Lance Hockridge is the Managing Director & CEO of QR National, Australia’s largest rail freight company.
Lance joined QR as Chief Executive Officer in November 2007 with more than 30 years’ experience in transportation and heavy industrial sectors in Australia and the United States with BHP and BlueScope Steel.
In 2010, QR National was listed on the Australian Securities Exchange after one of Australia’s largest and most successful IPOs in more than a decade.
Lance played a leading role in QR National’s preparations for the IPO, overseeing structural separation and the Company through the transition from government to private ownership.
QR National has embarked on a wide-ranging transformation program, aimed at delivering world-class safety, customer service excellence and superior commercial capability.