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Easy come, easy go for haulage bosses
Page 10
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THE TYPICAL DIRECTOR of a UK road haulage company is 54, called John and earns £59,160 a year, says a survey by industry analyst Plimsoll.
But the average age comes from a wide spread, with the youngest board director just 19 and the oldest 95, says the survey.
The turnover of directors is increasing, and last year a record 1,405 new directors were appointed to 2,000 firms. This was fuelled by the fact that directors are staying in the job for a shorter time — on average just five years.
David Pattison, Plimsoll's senior analyst on the project, says: "What we are seeing is
a core band of owner-directors who are diminishing year on year as they sell up or retire. They are being replaced by a new wave of directors who are free to move when the mood takes them."
Pattison adds that this tendency for managers to move on more quickly does not benefit business because "the emphasis switches from security, financial prudence and long-term vision to quick-fix solutions".
Pattison adds that when a management strategy falls apart "these individuals responsible can easily slip away, their reputations intact, leaving others to pick up the pieces".