Paul Little (Australian Businessman)

Paul Alexander Little (born 1947) is an Australian businessman and philanthropist. Little served as the managing director of Toll Holdings, an Australasian integrated logistics provider from 1985 until 2011 and retired from that position after 26 years service.

Career

Little has been in the transport industry for nearly all his business life, first as an employee at Mayne Nickless, where he progressed to become national operations manager of the Seapak Transport Services division, and then at Peko-Wallsend as a consultant where he assessed the desirability of purchasing the Toll business and then led the takeover which went on to become a prominent Australian transport services provider.

Toll Holdings

In 1985, Little, along with businessmen Peter Rowsthorn as well as Rowsthorn's son, Mark Rowsthorn, and Lyall McLachlan, led a management buyout team which purchased Toll Holdings which in 1993 listed on the Australian Securities Exchange.

Little and his team developed Toll from an 18-truck operation worth $1.5 million, into a $3.8 billion international organisation with 45,000 employees and operations in 50 countries. As a result of his involvement in Toll Holdings, Little has become one of Australia's richest men. Little subsequently further developed his ability to acquire new businesses, buying many between 1989 and 2000. He then began taking over two companies a year until 1997, when Toll paid 145 million for eight TNT transport and logistics businesses. In 2000, it paid 120 million for rival Finemores.

Little also oversaw Toll's investments in technology, wine, rail freight and cargo shipping.

Little Projects

In 2011, Little founded Little Projects, a residential and commercial property projects group. His business philosophy is to provide a 'one-stop shop' approach, where clients deal with the one entity for all their real estate requirements encompassing buying, selling and comprehensive property management. To this end Little has purchased a range of complementary businesses including three LJ Hooker real estate franchises. He has a large number of projects underway in Melbourne with a value of over 1 billion.

Other business interests

Little also owns an aviation charter business, Little Aviation, which, as of 2013, owned an 65 million Gulfstream G650ER jet. Little Aviation employs three pilots.

Sports management

Little has been prominently involved in Australian professional sport. Initially in motor racing, Little sponsored John Sidney Racing and Anthony Tratt's Porsche racing team. In 1998 Tratt's team moved into V8 Supercars under Little's ownership as Paul Little Racing. The team folded in 2005 after eight seasons of racing. Little also personally raced competitively but was discouraged by his fellow board members at Toll Holdings due to the danger.

On 29 July 2013, Little became the chairman of the Essendon Football Club in the AFL, replacing David Evans. The role of an AFL football club chairman is often high profile and usually voluntary. Little served in the role for almost two and a half years, presiding over a turbulent time in the club's history as it faced allegations of running a program of illegal supplements during David Evans' tenure. Little stepped down on 14 December 2015, shortly before the final guilty verdict was returned in the supplements investigation, and was replaced by Lindsay Tanner.

Awards and honours

* Winner of the CA/Zurich Business Leader Award in 2002
* Winner of the inaugural Trans-Tasman Business Leader Award in 2005
* Awarded a Doctor of Business ''honoris causa'' by RMIT University in 2008
* Appointed Officer of the Order of Australia (AO) in 2010 for service to the development of the transport and logistics industries through strategic leadership and promotion of corporate social and environmental responsibility, and to the community through philanthropic support of sporting and medical research organisations.

Little is also a Fellow of the Australian Institute of Company Directors and a Fellow of the Chartered Institute of Logistics and Transport (FCILT).

Personal life

Little is married to former investment banker, Jane Hansen, his second wife. In 2002, they paid a then record price for a Melbourne home when they bought the Toorak mansion ''Coonac'' for nearly 15 million. Little's first wife, Shirley, died of cancer in 1992. Little has three children.

Little and Hansen's philanthropic interests are directed towards education, theatre, and addiction rehabilitation. In 2015 Little and Hansen established The Hansen Trust via an 10 million gift from the Hansen Little Foundation to the University of Melbourne to further the teaching of history studies. In 2018 the Hansen Little Foundation gifted a further 30 million to the university.

Net worth

References

External links

Toll GroupLittle Projects

{{DEFAULTSORT:Little, Paul
Living people
Australian chief executives
Australian billionaires
Essendon Football Club administrators
1947 births
Toll Group
Officers of the Order of Australia
Fellows of the Australian Institute of Company Directors
Philanthropists from Melbourne
People from Toorak, Victoria