One of Scotland's longest serving CEOs to step down under port giant's succession plan
Charles Hammond OBE joined Leith-based Forth Ports in 1989 and was appointed chief executive in 2001.
A succession plan has been unveiled at Forth Ports in a move that sees its chief executive Charles Hammond stand down after leading Scotland’s largest ports operator for more than two decades.
Hammond is to step down from his role at the end of June 2024. His successor will be Stuart Wallace, who is currently the company’s chief operating officer. Hammond, who was awarded an OBE and is one of Scotland’s longest-serving chief executives, will work closely with Wallace over the next six months to “ensure a smooth transition”. Wallace, who is already a member of the Forth Ports board, will take up his appointment on July 1.
Hammond, who will be 63 when he steps down, joined Forth Ports when it was a publicly run ports and river authority in 1989 as company secretary. He was appointed chief executive in 2001 and has overseen the group’s expansion to a point today when the business owns and operates eight commercial ports, encompassing Tilbury on the Thames, six ports on the Firth of Forth and Dundee on Tay.
