Respected businessman Stanhope to chair Melbourne port


Chairman helps kick off new era for port as a leased entity

Respected businessman Stanhope to chair Melbourne port
John Stanhope has a national profile.

 

John Stanhope is the new independent chairman of Port of Melbourne (POM).

Port of Melbourne has recently started a 50-year lease awarded on September 19 to a consortium comprising the Future Fund, QIC, Global Infrastructure Partners (GIP) and OMERS.

Stanhope is currently chairman of Australia Post where he has led the organisation through a period of significant adjustment and overseen efforts to respond to technological change and support the future sustainability of mail services in Australia.

He is also chairman of the Melbourne International Jazz Festival and the Bionics Institute and is a director of AGL Energy and Our Neighbourhood. He took up the position of chancellor of Deakin University from January 1 this year having been a member of Deakin's Council since 2012.

"Mr Stanhope will bring valuable experience to the Port of Melbourne as he is highly regarded for his business acumen and extensive experience in governance, finance, treasury, risk management and business strategy," POM says.

Previously chief financial officer and group managing director, finance and administration with Telstra from 2003 to 2011, he was an executive director of the corporation from 2009 to 2011.

In the Queen’s Birthday Honours of 2016, Stanhope was made a member of the Order of Australia (AM) for significant service to the financial and national communication sectors through a range of leadership roles.

"I am delighted to be joining Port of Melbourne which is a high quality infrastructure asset and arguably the nation’s most important trade gateway," he says.

"I look forward to working with the Port of Melbourne’s shareholders and management to develop and deliver our vision to deliver world class safe, responsible and reliable port facilities to benefit our customers, our shareholders and the wider community."

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