Leadership and governance
We are committed to maintaining the highest standards of corporate governance, fundamental to the long-term performance and sustainability of our business.
National Intermodal is led by an independent Board whose members are appointed by the responsible Ministers, and a Senior Executive Team bringing together industry leaders across infrastructure, finance and strategy.
Our corporate governance framework plays a critical role in allowing our business to deliver on its purpose with transparency and accountability, while considering government, regulatory and legislative requirements, as well as best market practice.
Our key governance policies and practices can be found below.
Leadership
Board of Directors

Erin A.M. Flaherty
Chair & Non-Executive Director
Bio
Erin has more than 40 years of experience in both private and Government sectors in law, rail and large infrastructure projects. She was Commercial Manager and Deputy CEO at Reliance Rail before becoming Executive Director of Infrastructure NSW in 2012.
In 2012, Erin was appointed by the NSW Minister for Transport to the Advisory Board for the North West Rail Link and subsequently became an inaugural Director of the newly formed Sydney Metro in 2018. In 2016 she became a Guardian of the Board of the Commonwealth Future Fund.
In July 2023, Erin was appointed to the Board of a newly established subsidiary of ARTC, Inland Rail Pty Ltd, to govern the delivery of the Inland Rail. She sits on the Audit & Risk Committee and is also Chair of the People, Performance and Remuneration Committee.
Erin is currently a Non-Executive Director and Chair of the Remuneration and Outsourcing Committee for The Infrastructure Fund (TIF), a closed infrastructure fund managed by Macquarie Asset Management. She is the independent Chair of the Shareholders’ Committee for the Mott MacDonald Group, a UK based global engineering consultancy firm. She is a Trustee and Chair of the Finance, Risk & Audit Committee for Sydney Grammar School and a Board member and Chair of the Strategic Development Committee for the NSW Police & Citizens Youth Clubs, and a board member of the Australian Chamber Orchestra.
Erin is a member of Chief Executive Women (CEW) and the Australian Institute of Company Directors (AICD).

Michael Carter
Deputy Chair, Non-Executive Director and Member of the People & Culture Committee
Bio
Michael brings over 35 years of experience in the rail and logistics industries including government enterprises, publicly listed entities, and private entities. This experience includes 17 years in a range of Group Executive roles with both Aurizon and Queensland Rail covering operations, infrastructure, commercial, strategy, business development, and corporate.
He has held direct accountability for multi-billion dollar capital programmes including large scale infrastructure project development, project management, and construction projects across Australia and has significant direct senior level involvement in intermodal, agriculture, and natural resources industries across both domestic and export markets.
Michael is a non-executive director of Australian Rail Track Corporation (ARTC) and a director and employee of Camcar Consulting Pty Ltd.
Michael’s previous directorships have included the Australian Logistics Council, Australasian Railway Association, Aquila Resources, Rail Industry Safety & Standards Board, and Union of International Railways World Executive Committee. He has been on a range of advisory boards for the freight and passenger transport sectors across Australia.

Janice van Reyk
Member, Audit and Risk Committee & Non-Executive Director
Bio
Janice has 15 years experience as a professional non-executive director and chair of audit & risk committees across infrastructure companies in the ports, intermodals, energy, defence, sport, environment and sustainability sectors.
Janice has a multi-disciplinary background in finance, commercial law and sustainability.
She is currently a non-executive director of AustralianSuper, NSW Ports, Lochard Energy and Repurpose It. She has previously served on the boards of Australian Naval Infrastructure Limited and Port of Melbourne Corporation.
Janice has held a number of non-executive director positions in the Australian Naval Infrastructure, Tennis Australia, Ports Victoria, Citywide Services Solutions, Port of Melbourne and Melbourne Water.
Janice has a Master of Commerce (Accounting and Finance), Master of Environment, Bachelor of Laws (Hons) and a Bachelor of Arts (Economics).
Janice is a Fellow of the Australian Institute of Company Directors and a Fellow of Certified Practising Accountants.

Michael Byrne AM
Non-Executive Director
Bio
Michael has over 30 years’ experience as a Non-Executive Director and leader within the logistics, supply chain, retail and property sectors. Michael currently serves on the Boards of Ausgrid, CBH Group, NSW Ports, Sydney Airports, Peel Ports UK, Centurion, UON Pty Ltd, Australian Vintage Group and Kimbriki Environmental Enterprises Pty Ltd. He is also an Executive Director and owner of Gurrundah Pastoral Operations Pty Ltd.
Michael is an Investment Senior Advisor for both IFM Investors and Australian Super.
Michael is the Chair of HSE Global and ATG West.
Michael was appointed International Freight Coordinator General, Austrade on 31 March 2020 in an interim role to assist with the Federal Government’s COVID-19 response, which concluded in September 2022. Michael has also been an advisor at different times to Bain Consulting, Brookfield, GNG Partners and Macquarie Bank in Australia, China and the Middle East.
Previous roles include Managing Director, Chief Operating Officer and Director of Toll Group Holdings; Chief Executive Officer of Coates Hire; Linfox and Westgate Holdings, as well as Non-Executive Director of Australia Post.
In 2025, Michael was appointed as a Member of the Order of Australia (AM) for his significant service to transport and the community.

Merren McArthur
Non-Executive Director, Chair of the People & Culture Committee and Audit and Risk Committee Member
Bio
Merren has over 30 years’ experience as a Director and Senior Executive across a broad range of industries including aviation, resources, infrastructure, transport, professional services and government.
Merren commenced her career as a commercial lawyer and became an executive partner at Australian law firm, Allens, specialising in advising governments on major reforms and infrastructure projects. This included the disaggregation and privatisation of the passenger rail and freight industry in Victoria.
Merren is an independent Chair of the Melbourne Airport Rail Steering Committee.
Over the last 15 years, Merren has held executive roles in the highly regulated and competitive aviation industry. Her CEO roles include Tigerair Australia, Virgin Australia Cargo, Virgin Australia Regional Airlines and founding CEO of Lynx Air, a Canadian start-up ultralow- cost carrier.
Merren brings extensive corporate governance experience, having served as company chair and director across multiple sectors and is a member of Chief Executive Women.
Merren has a Graduate Diploma in Applied Finance, FINSIA (now Kaplan Business School) and a Bachelor of Law and Arts from the University of Melbourne.

Scott McKay
Chair, Audit and Risk Committee & Non-Executive Director
Bio
Scott has over 40 years of combined experience across accounting, executive management and supply chain roles.
Scott currently leads Flywheel Advisory, a supply chain consultancy, and has formerly held CEO roles with T Ports, Bowmans Rail and e-fill, a warehousing and distribution group. Prior to this, Scott was also the supply chain leader at Aurecon in Infrastructure advisory, where he was a Principal providing strategic counsel to customers globally.
Scott was formerly with KPMG for more than a decade, and has worked across Europe, Asia and Australia overseeing accounting, finance and supply chain operations for global companies in packaging, apparel, food and transport.
Today, as founder and Principal of Flywheel Advisory, Scott is helping organisations and businesses using supply chain as a differentiator to drive profitability and service.
Scott chairs industry organisations; the International and Australian boards of ICHCA International, a cargo safety association and Regional Development Australia Far North.
Scott has a BA (Accounting) from the University of South Australia and is a Chartered Accountant Associate through the Institute of Chartered Accountants ANZ.
Senior Leadership Team

James Baulderstone
Chief Executive Officer
Bio
James has over 30 years of experience in the energy, resources, infrastructure, and transport industries, including building Australia’s largest on-shore, open access gas terminal in South Australia.
James was also instrumental in developing the $18 billion Joint Venture Export LNG project in Queensland with Total, Petronas and Kogas, and founded Australia’s first approved open access gas import terminal at Port Kembla, NSW. James has extensive finance, commercial, legal, government and stakeholder experience.

Jacob Muscat
Chief Financial Officer
Bio
Jacob Muscat is the Chief Financial Officer of National Intermodal, responsible for finance, tax, treasury, technology and business performance.
Jacob has more than 18 years’ experience in finance, commercial and strategic leadership roles across the transport, logistics, infrastructure and utilities sectors. Prior to joining National Intermodal, he served as Deputy Chief Financial Officer at Australia Post and held senior finance, commercial and asset management roles at Ausgrid, Endeavour Energy and Ernst & Young.
Jacob is a Chartered Accountant, a Graduate of the Australian Institute of Company Directors, and holds Bachelor degrees in Business and Medical Science from the University of Technology Sydney.

Kate Bowman
General Counsel & Company Secretary
Bio
Kate is a corporate services executive and practicing lawyer with over 25 years’ experience in critical infrastructure and regulated industries, including transport, logistics, and telecommunications. She has led multi-disciplinary teams across legal, governance, sustainability, risk, audit, people and culture, and corporate affairs.
Before joining National Intermodal, Kate has held a number of executive roles including at Indara Digital Infrastructure and Pacific National.
Kate holds a Bachelor of Laws (Hons) and a Bachelor of Economics (Social Science) from the University of Sydney and is a Graduate of the Australian Institute of Company Directors.

Chris Armstrong
Chief Strategy Officer
Bio
Chris has 25 years of experience in strategy, business development and project delivery in the Australian rail industry.
During his career, Chris has delivered major implementation projects including the outsourcing of rail operations at Port Kembla steelworks.
Chris was instrumental in negotiating long-term rail haulage contracts with major rail companies including TNT and BHP Billiton, and process change strategy development for the Hunter Valley coal chain.

Kylie Hargreaves
Chief Sustainability Officer and Head of Planning & Environment
Bio
Kylie Hargreaves is an infrastructure and sustainability executive with more than 25 years’ experience across federal, state and private sector projects. She is the current Chair of Seamless Australia, Chair of the Industry Advisory Committee for the Australian Urban Research Infrastructure Network (AURIN), Global Ambassador for Business Events Sydney, and Special Adviser to North Harbour Clean Energy (NHCE).
Past roles have included Chair of the Australian Alliance for Energy Productivity (A2EP), the Australian Ocean Energy Group (AOEG), and panel member for the Wholesale Energy Market Dispute Resolution Adviser (WEMDRA). Kylie has also held a range of Deputy Secretary roles in the NSW Government, including responsibility for the highly regulated and infrastructure‑intensive portfolio of Resources and Energy.
Before joining the NSW Government, Kylie served as Australia’s Senior Trade & Investment Commissioner in the USA (Los Angeles), the UK and Spain, where consumer‑led sustainability concerns first started to have an impact on the competitiveness of Australian exports.
As the current Head of Planning & Environment and Chief Sustainability Officer at National Intermodal, Kylie continues to apply her government, energy, sustainability and infrastructure experience to nationally significant projects through her work on critical supply chain infrastructure, such as the Beveridge Intermodal Precinct.
Kylie is a graduate of the Australian Institute of Company Directors and holds an Honours degree in International Business Relations.

Keith Walker
Executive General Manager - Project Delivery
Bio
Keith Walker is an accomplished executive leader with more than 40 years of experience across the energy, resources and infrastructure sectors.
He has led the delivery of major capital projects and managed large-scale asset portfolios in complex operational environments throughout Australia, Europe, the Middle East and Asia.
Keith has held senior executive positions with organisations including Santos Ltd and GFG Alliance, leading engineering, construction and operations functions across the infrastructure, energy, petrochemical and mineral resources sectors. He has been accountable for the end-to-end delivery of major capital projects, overseeing engineering design, procurement, construction and project management in complex, high-risk environments.
He holds a Bachelor of Engineering (Honours) in Mechanical Engineering from King’s College London and is a Chartered Engineer (C.Eng).

Simon Ormsby
Chief Commercial Officer
Bio
Simon has over two decades of experience as a Senior Executive in the transport and logistics sector, where he has led company operations and commercial, strategy and corporate development, policy and advocacy, and stakeholder engagement.
Prior to joining National Intermodal, Simon played a key role in the establishment and growth of Australian Rail Track Corporation including the development of regulatory and lease arrangements, negotiation of long-term customer contracts and attraction of significant investment projects.

Karen Whittaker
Chief People Officer
Bio
Karen Whittaker is a senior People and Culture executive with more than 25 years’ experience across the infrastructure, energy, healthcare, financial services and education sectors.
She has held leadership roles in ASX-listed, private equity-backed and government-owned organisations, leading organisational transformation, workforce strategy and cultural change.
Karen is recognised for her commercial, pragmatic and people-centred approach to building high-performing organisations and supporting sustainable business growth. She holds a Bachelor of Economics from Macquarie University.
Policies
Statement of Expectations (March 2022)
343KB PDF
Privacy Policy
606KB PDF
Board Charter
128KB PDF
Audit and Risk Committee Charter
277KB PDF
Information Publication Scheme Plan
118KB PDF
Whistleblower Policy
332KB PDF
Code of Conduct
157KB PDF
People & Culture Committee Charter
181KB PDF
Related content
Statement of Corporate Intent 2027-30
4.4MB PDF
National Intermodal Annual Report 2025
23.9MB PDF
Statement of Corporate Intent 2026-29
8.8MB PDF
National Intermodal Annual Report 2024
10.6MB PDF











