Port of Brisbane Pty Ltd (PBPL) has announced that its Chief Executive Officer, Roy Cummins, has tendered his resignation, effective Friday 20 August.
Cummins was considered highly effective as a leader and guided PBPL through a significant period of growth.
Hhe also helped deliver two of the largest capital projects in the Port’s history: the $110m Port Drive Upgrade and the $177m Brisbane International Cruise Terminal.
PBPL Chairman Guy Cowan thanked Cummins for his service as CEO.
“Roy has provided six years of dedicated leadership of our company, where he not only ensured excellent stewardship of our asset, but also delivered key value accretive asset enhancement projects,” he said in a statement.
“On behalf of the Board of Directors and the entire organisation, I’d like to thank Roy for his significant contribution, and wish him well in his future endeavours.”
Cummins said he was proud to lead the PBPL team for the last six years.
“During my period of CEO we have achieved a lot for our Securityholders, our Port stakeholders and our community,” he said.
“We planned and delivered multiple major capital projects, cutting edge technology developments, implemented industry-leading Sustainability and Reconciliation strategies, and unlocked Port of Brisbane’s property potential. It is now one of the most successful industrial property hubs in Queensland,” said Cummins.
“We also signed off a new strategic platform that will usher in the next wave of growth for the business.
“But most of all, I’m proud of the team I built and led. I thank them for all their efforts and their support.”
Cowan confirmed that Chief Financial Officer, Neil Stephens, will act as interim CEO before undertaking a search for a new CEO.