August 4 - Brian Kruger will become Toll's managing director on January 1, 2012.
With two years' service with Toll and before that more than 25 years with the world's largest miner and Australia's largest steelmaker, Kruger has extensive executive and operational experience.
Chairman Ray Horsburgh said, "The Board congratulates Brian on his appointment. He has an outstanding business pedigree and will be a highly capable successor to Paul (Little). He has demonstrated his capability in operational and financial roles in Australia as well as internationally. Brian is extremely well regarded at all levels of Toll for his management style which combines good process with strong values.
"The Board took the strategic decision two years ago to increase the bench strength of the internal executive ahead of Paul's departure. Brian's appointment as CFO, along with the creation of six operational division heads across the Group, is a clear demonstration of that strategic approach.