New Chairman of the Board for PKPC

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Statement by Nicholas Whitlam:

I am very honoured to have been appointed Chairman of the Port Kembla Port Corporation as the corporation prepares for a period of major growth.

I thank Bob Elvy, who served as Chairman for seven years, for steering the port through a period of change and putting it into a position to capitalise on the expansion that is now underway.

Port Kembla will soon become Australia's leading car import centre in a $140 million infrastructure plan.

The new car import centre will create 1000 direct and indirect jobs and is forecast to inject an estimated $200 million annual boost to the Illawarra's economy.

Port Kembla will provide long-term certainty to the vehicle import industry and world-class infrastructure with plenty of capacity for future growth.

I expect that my experience in the business and banking sectors will help guide PKPC through a period of significant growth.

In addition to former roles as Managing Director of the State Bank and President of the NRMA, I have served have served on the boards of the Australian Trade Commission, Export Finance & Insurance Corporation, Integral Energy and the NSW Development Corporation. I have also been Chairman of the boards of the Australian Graduate School of Management and the Sydney Symphony Orchestra.

MEDIA CONTACT: Nicholas Whitlam, 0411 333 111

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