The FINANCIAL — After nine years as Chief Executive Officer, the Board of Perth Airport Pty Ltd has announced that Brad Geatches will be leaving the company on 1 July 2016.
“Brad has lead our company during a dynamic and exciting period of growth, as we managed increasing demand for our services driven, at that time, by the resource sector. He also oversaw the delivery of a $1.1 billion redevelopment program, which has transformed our company,” said Colin Beckett, Chairman, Perth Airport.
“Perth Airport is a completely different airport today, to what it was nine years ago. Brad has played a significant role in leading that transformation, and the public of Western Australia are now enjoying world-class facilities as a result.”
“We have also worked closely with the three tiers of government to secure supporting infrastructure, critical to the development of a modern airport,” said Mr Beckett.
Mr Beckett said that Perth Airport is entering a new phase of business, and a global search for a new Chief Executive Officer is underway, according to Perth Airport.
“The next cycle of major capital investment and commercial discussions with airlines will commence next year, at the same time we are experiencing a change in the demand profile for aviation services. The time is right for a new Chief Executive Officer to join the company and make his or her mark during this time of change and opportunity,” said Mr Beckett.
“The past nine years as Chief Executive Officer of Perth Airport have been both very challenging and enjoyable. I feel privileged to have worked with such a great team of professional people and contractors, to deliver a capital investment program that has transformed Perth Airport,” said Brad Geatches.
Key achievements during Brad Geatches’ tenure as Chief Executive Officer of Perth Airport include:
Growth in passenger numbers per annum increased from 9.2m to 13.9m (52% growth).
Growth in international aircraft seats per annum by 76%.
Growth in aircraft movements from 107,000 to 141,000 (31%).
Value of Capital Expenditure $1.1 billion.
Growth in Company Enterprise Value increased by 163%.