The Australia Pacific Airports Corporation, which owns Melbourne and Launceston Airports, has appointed a new Chair of the Board.
Peter Hay will commence the role on 1 July 2019, and will replace the outgoing Chair, David Crawford AO.
The appointment will see Mr Hay join a Board that includes representatives from APAC shareholders AMP Capital, IFM Investors, Future Fund and NSW Treasury Corporation.
APAC Chief Executive and Managing Director, Lyell Strambi, said Mr Hay’s appointment would herald the next chapter in the growth story of Melbourne and Launceston Airports.
“I’m extremely pleased to welcome Peter into the APAC fold,” Mr Strambi said.
“Our search for a new Chair was comprehensive and thoroughly aligned to the identified needs of our business as it enters the next stage of its growth.
“Peter’s formidable track record in business, corporate law and finance will prove an immense asset to APAC and its Board in the years ahead.”
Mr Hay said he looked forward to commencing as Chair at a pivotal time for the airport.
“It is an exciting time to join the organisation. I look forward to working with my Board colleagues and the management team,” he said.
“Melbourne Airport is the front door for the millions of international guests who visit Victoria each year. The investment program over the next five years will make it bigger, better and more welcoming than ever before. The team is very focussed on creating an airport of which all Victorians can be proud.”
Mr Strambi also acknowledged the seven years of leadership provided by APAC’s current Chair, David Crawford AO.
“APAC would not be the business it is today without the leadership provided by our outgoing Chair, David Crawford.
“David is one of Australia’s eminent Board Directors and Chairs. We have been incredibly fortunate to have benefited from his leadership since 2012 and I am personally very grateful to David for his wisdom and advice,” Mr Strambi said.
In the financial year ending 30 June 2018, APAC reported revenues of $1.01 billion and recorded more than 38.1 million passenger movements across Melbourne and Launceston Airports.