Price is set to leave the company on 6 May, following which “he intends to take an extended holiday during the European summer”, according to a Toll spokesperson.

Price has been replaced as general manager by Clive Steele as of 1 January. Steele was formerly Stream’s director of business development.

“Andrew can be very proud of Stream’s achievements over the past 10 years, during which he built and guided Stream to its position as the leading independent print management provider in Australia,” the spokesperson told ProPrint.

“For the past three years, Andrew has been focussed on fully integrating Stream into the Toll Group. With the integration complete, Stream is ready to embark on the next phase of its growth.”

Price told ProPrint: “I have tendered my resignation, the purpose of that being an extended holiday in Europe mid-year. On my return, Toll and I will discuss any further opportunities that exist within the group.”

Price founded Stream in 1998 along with Tom Pongrass as a division of Pongrass Communications Group. Prior to that, Price worked for Spicers Paper for 14 years.

Toll Group acquired 100% of Stream more than three years ago.

Steele has decades of experience working in finance and management positions at major multinational companies, including Mayne Logistics and KPMG. He joined Stream in 2001.

The past year has offered mixed results for Stream, which has long billed itself as the country’s leading print management company. High points included a print management contract win with Westpac-St George and a promotional merchandise contract with ANZ, though it lost a major account for Centrelink to rival Ergo Asia following the Federal government’s procurement shake-up.

Price was named number five in the ProPrint Power 50 2010.

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