Lester Fernandez Takes Helm at Boom Logistics with $530K Salary and Incentives
Boom Logistics has appointed Lester Fernandez as its permanent Managing Director and CEO, entrusting him to lead the company through its next phase of growth with a strong focus on safety and operational excellence.
- Lester Fernandez promoted from Interim CEO to permanent Managing Director and CEO
- Fernandez brings over 15 years of leadership in crane and logistics sectors
- Fixed annual remuneration set at $530,000 with performance-linked incentives
- Board highlights Fernandez’s vision and leadership during challenging periods
- Focus on safety, labour recovery, asset utilisation, and contract performance
Leadership Transition at Boom Logistics
In a move that signals stability and renewed strategic focus, Boom Logistics Limited (ASX, BOL) has appointed Lester Fernandez as its permanent Managing Director and Chief Executive Officer, effective immediately. Fernandez, who has served as Interim CEO since late August 2025, steps into the role following an extensive search process conducted by the Board.
A Proven Leader with Industry Expertise
Fernandez joined Boom in September 2022 and quickly established himself as a key executive, previously holding the position of Director of Operations. With over 15 years of leadership experience in Australia’s crane, logistics, and industrial services sectors, he brings a wealth of knowledge in profit and loss management, commercial contracting, and organisational change. His background includes leading complex business turnarounds and labour restructures, skills that the Board found invaluable during recent challenging times.
Strategic Priorities Under Fernandez’s Leadership
Chairman Kieran Pryke praised Fernandez’s ability to articulate a clear vision and lead the company’s workforce through pressure-filled environments. Fernandez himself emphasised that safety remains at the core of Boom’s operations, with a simple but powerful expectation, everyone goes home safe every day. Beyond safety, Fernandez outlined plans to enhance shareholder value through disciplined execution, improved labour recovery, tighter asset utilisation, and consistent contract performance.
Compensation and Incentives
Fernandez’s remuneration package includes a fixed annual salary of $530,000, inclusive of superannuation and allowances. He is also eligible for both short-term and long-term incentive plans, each with an "at-target" opportunity of 50% of his fixed remuneration. These incentives are designed to align his performance with the company’s strategic goals and are subject to Board discretion and performance outcomes.
Looking Ahead
As Boom Logistics continues to support critical infrastructure, renewable energy transition, and resource extraction projects across Australia, Fernandez’s appointment marks a pivotal moment. His leadership is expected to steer the company through evolving market cycles while maintaining a strong commitment to safety, operational efficiency, and customer value.
Bottom Line?
Fernandez’s appointment sets the stage for Boom Logistics to navigate growth and operational challenges with renewed leadership focus.
Questions in the middle?
- What specific growth targets will Fernandez prioritize in the coming year?
- How will Boom Logistics balance safety commitments with operational expansion?
- What impact will Fernandez’s leadership have on contract acquisition and retention?
