Brisbane Airport Corporation today announced the retirement of long-standing Chairman Barry Thornton from the Board of Directors.
The Directors today unanimously elected Brisbane businessman Colin Ryan to the position of Chairman.
Mr Ryan paid tribute to the leadership of Mr Thornton, who was founding Chair of the Board, and who helped guide the company through its first 10 years.
"Barry has helped steer this company through a challenging period, including the many external shocks such as terrorism and a fluctuating aviation industry,” Mr Ryan said.“He leaves a strong and cohesive Board, and on behalf of my fellow Directors, our shareholders, management and employees, we wish him well."
Mr Ryan has been on the BAC Board for 10 years and is Board nominee of the 15.6 % shareholder Amsterdam Airport Schiphol.Mr Ryan is Chairman of Royal Children's Hospital Foundation and serves on a number of public company Boards. He was previously Deputy Chair of the Port of Brisbane Corporation and Queensland Managing Partner of the international accounting firm Arthur Andersen. He said the challenges for Airport included the timely delivery of BAC’s $2.2 billion investment in roads, runways and terminal developments, and building on the Airport’s key role in the economic development of South East Queensland. “To do this, we need to continue to strengthen the relationships this company has with stakeholders in industry, business, tourism and aviation, and the special relationships we have with the Queensland Government and the Brisbane City Council. We are uniquely placed to work together to deliver economic and social benefits to Brisbane and to Queensland, in a region that depends on sustainable growth and a healthy aviation industry,” Mr Ryan said.“Brisbane Airport has been recognised as being the best planned and managed airport in the country and I look forward to working with my fellow Director, our stakeholders and the BAC management team to assure we remain the nation’s best airport.’’