LCY chief quits as new chap­ter be­gins

The Wharf - - News -

Af­ter guid­ing Lon­don City Air­port to the brink of its ex­pan­sion, De­clan Col­lier has de­cided the stand down as CEO. He will stay on un­til his suc­ces­sor is found and will help a re­cruit­ment agency with the search.

It is not clear pre­cisely why Mr Col­lier has de­cided to leave at this point but it comes at a time of great up­heaval at the Dock­lands hub with work on the City Air­port De­vel­op­ment Pro­gramme get­ting un­der way and only months af­ter the air­port was bought by a Cana­dian-led con­sor­tium of pen­sion funds.

The air­port has been cel­e­brat­ing its 30th birth­day with record num­ber of pas­sen­gers as well as the £350mil­lion move to ex­pand op­er­a­tions to al­low more flights with the next gen­er­a­tion of planes.

LCY chair­man Sir Terry Mor­gan said: “On be­half of the board I want to pay trib­ute to the tremen­dous con­tri­bu­tion that De­clan has made.

“He has been chief ex­ec­u­tive since March 2012 – a time that has seen sig­nif­i­cant growth at the air­port, the successful sale of the busi­ness to a con­sor­tium of in­ter­na­tional in­vestors and the se­cur­ing of plan­ning per­mis­sion for a £350mil­lion de­vel­op­ment of the air­port in­fras­truc­ture.”

“Un­der De­clan’s lead­er­ship, Lon­don City Air­port has de­vel­oped re­la­tion­ships across the avi­a­tion sec­tor, with all lev­els of gov­ern­ment and with our com­mu­ni­ties.

“The air­port has de­liv­ered sig­nif­i­cant growth in pas­sen­ger num­bers and earn­ings which in turn has stim­u­lated eco­nomic ac­tiv­ity across the lo­cal and Lon­don econ­omy.”

Mr Col­lier said: “It has been a priv­i­lege and a plea­sure to have been part of the air­port’s suc­cess story. Lon­don City Air­port is a great busi­ness and well placed to take ad­van­tage of future growth and new air­craft tech­nolo­gies.

“How­ever, as we em­bark on the next phase of the air­port’s de­vel­op­ment I feel it is the right time to tran­si­tion to new lead­er­ship and I look for­ward to as­sist­ing the chair­man to se­cure my suc­ces­sor and con­tin­u­ing to work with the lead­er­ship team un­til a new CEO starts.”

De­clan Col­lier

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