New Chairman for Australia Pacific Airports Corporation (APAC) Ltd
May 03, 2012
The operator of Melbourne and Launceston airports, Australia Pacific Airports Corporation (APAC) Limited is pleased to announce the appointment of Mr. David Crawford AO as its new Chairman.
Mr. Crawford brings a significant record of corporate leadership in major Australian companies to his new role at APAC. Mr. Crawford is Chairman of Lend Lease Group and a director of BHP Billiton, and has served as Chairman of the Foster’s Group, and as director of Westpac and National Foods Limited. He was a Partner and National Chairman of KPMG.
Mr. Crawford was appointed an officer in the Order of Australia (AO) in 2009 in recognition of his service to business as a director of public companies, to sport, particularly through the review and restructure of national sporting bodies, and to the community through contributions to arts and educational organisations.
Mr. Crawford succeeds Jack Ritch who was first appointed as a director of APAC in 1995 and as Chairman in 2009. He has overseen the significant growth and investment in the airports over that time.
In its first year of operation under private management in 1997-98, Melbourne Airport handled more than 14 million passengers, including more than 2 million international passengers. During 2010-11, Melbourne Airport handled more than 28 million passengers, including more than 6 million international passengers. Passenger numbers at Launceston Airport have doubled during its period under APAC management.
“It has been a pleasure to have contributed to the strong growth of both Melbourne and Launceston airports during my period as a director and Chairman of APAC,” Mr. Ritch said.
“Over the years, our investment in terminal facilities, airfield infrastructure and landside services have provided Victoria and northern Tasmania with efficient, well-managed and highly competitive aviation gateways that make a significant contribution to the economic prosperity of the communities they serve.
“In a frequently challenging and uncertain domestic and international environment for aviation, we have successfully delivered for our investors who have funded the development of these critical infrastructure assets, our airline customers, the travelling public and other stakeholders,” Mr Ritch said.
As the newly appointed Chairman, Mr. Crawford said he would be focused on supporting the continued development of Melbourne and Launceston airports, including the successful delivery of major infrastructure projects to provide the capacity for forecast growth in passenger numbers in the years ahead.
“I look forward to working with the APAC Board and management team to ensure our airports continue to grow to meet the needs of our airline customers and passengers while delivering strong results for all of our stakeholders and our investors,” Mr. Crawford said.
APAC Limited Chief Executive Officer, Chris Woodruff, welcomed Mr. Crawford’s appointment as Chairman.
“On behalf of all of the team at Melbourne and Launceston, we look forward to working with him and other Board members in continuing to deliver great results for our business.
“I would also like to acknowledge the tremendous contribution made by Jack Ritch to our company over many years, which is reflected in the successful growth of Melbourne and Launceston airports since the late 1990s.”
APAC Limited is a privately held corporation owned by institutional investors, predominantly superannuation/pension funds, managed or represented by the following five entities: AMP Capital (25%), Deutsche Asset Management (RREEF Infrastructure) (17.5%), Future Fund (16.8%), Hastings Funds Management (20%), Industry Funds Management (20.7%).