Former senior Leighton executive to oversee critical project
Moorebank Intermodal Company (MIC) has gained experienced Australian executive Peter Hicks as the new CEO.
Hicks has been the head of asset management at CP2 overseeing private sector investment in Australian transport infrastructure, is a former chief financial officer at Leighton Contractors and has held senior executive positions in infrastructure and facility investments, in rail network operations, and in planning of rail freight. The appointment follows an executive search in Australia and internationally.
“He is one of the most experienced executives in Australia and specifically in areas relevant to Moorebank Intermodal Company,” MIC chair Dr Kerry Schott says.
“The mix of planning and rail experience, with strong financial acumen that Peter brings is particularly pertinent at this stage in the development of the intermodal terminal at Moorebank.
“The next 18 months to two years are expected to deliver the main developments needed through to operational phases.”
Operations of the IMEX terminal for imports and exports are expected to begin next year and expand after that.
The interstate rail terminal is expected to be constructed by January 2021.
Development is being undertaken by contract between MIC and a Qube subsidiary, which will also run operations once construction is completed.
The terminals will be open to access by other freight companies and the terms of these arrangements are expected to be released well in advance of the terminal opening.
Hicks takes over from interim CEO David Jurd, in place since May.