Cabcharge appoints Skelton CEO

Group promotes company secretary to top job following death of founder Kermode.

Cabcharge (CAB) has promoted company secretary Andrew Skelton to chief executive, commencing today, following the death of executive chairman and founder Reg Kermode last month. 

Mr Skelton earlier spent 10 years leading 13CABS and worked as a lawyer in the K&L Gates mergers and acquisitions team before joining Cabcharge in December 2011.

Mr Skelton's fixed remuneration will be $675,000 per year, with a maximum short-term incentive of $250,000 and a long-term incentive of $175,000. 

Cabcharge chief financial officer Chip Beng Yeoh will continue as company secretary.

The group also appointed Rick Millen and Rod Gilmour as non-executive directors. 

The appointments follow the election of former ABC boss Russell Balding as chairman last month.