Russell Kennett Named CEO of Range International with $240K Remuneration Package

Leadership Transition at Range International

Range International Limited (ASX: RAN), a manufacturer specialising in zero-waste recycled plastic pallets, has announced the appointment of Russell Kennett as Chief Executive Officer, effective 31 January 2025. This appointment follows Kennett’s integral role within the company since July 2022, where he has been instrumental in steering strategic initiatives and operational improvements.

Kennett’s tenure prior to his CEO appointment involved a comprehensive strategic review of Range’s activities, identifying new growth opportunities, and implementing systems to enhance performance monitoring. Notably, he led the successful restructuring of Re>Pal Indonesia’s operations and has overseen the outsourcing of the Group’s finance functions, reflecting a hands-on approach to operational efficiency.

A Proven Track Record in Financial and Strategic Leadership

Before joining Range International, Kennett built a distinguished career in banking and finance, including 16 years heading State Street’s Australian operations and regional leadership across Asia Pacific. His expertise spans marketing, sales, governance, capital raising, and strategic planning, skills that align well with Range’s ambitions to expand its footprint in the Asia Pacific recycled materials market.

Since June 2024, Kennett has also taken charge of Re>Pal Indonesia’s sales and marketing team, positioning him to directly influence revenue growth and market penetration. His dual role as a director of Range International Holdings Limited (Singapore) and P.T. Re-Pal Indonesia further cements his strategic influence within the Group.

Executive Remuneration and Governance

Alongside Kennett’s appointment, Range International updated the remuneration package for Executive Chairman Richard Jenkins. The Board emphasised Jenkins’ ongoing strategic value and experience, ensuring leadership continuity. Both executives’ remuneration packages allow for payment in cash, equity, or a combination, with Kennett’s CEO package set at $240,000 per annum and Jenkins’ at $130,000 per annum.

The Board has clarified that these remuneration arrangements do not have a material cash impact on the company, reflecting prudent financial governance. Both executives are subject to standard notice periods and post-employment restrictions, underscoring the company’s commitment to protecting its strategic interests.

Positioning for Growth in Sustainable Manufacturing

Range International’s core product, the Re>Pal™ pallet, leverages ThermoFusion™ technology to produce 100% upcycled plastic pallets with zero waste. Operating production lines in East Java, Indonesia, the company serves markets across Asia Pacific, tapping into growing demand for sustainable supply chain solutions.

With Kennett at the helm, Range International appears poised to accelerate its strategic initiatives, leveraging his financial acumen and operational leadership to scale the business. The appointment signals a clear intent to strengthen governance and commercial execution as the company navigates competitive and regulatory landscapes in recycled materials manufacturing.