New Chief Financial Officer for airport

Queenstown Airport 2014 068

20 December 2013

Mark is a Chartered Accountant-qualified CFO with nearly 30 years of international experience in finance and governance. His key responsibilities at QAC will include treasury and capital planning, financial reporting, risk management and corporate compliance as well as managing the company’s information technology and insurance portfolios.

Originally from Kent, England, Mark and his family moved to New Zealand in 2011 and after falling in love with Queenstown, made it their home three months ago. Mark previously served as CFO of Z Energy for three years, leading the team to a successful Initial Public Offering, and is currently completing a short term CFO contract at City Care, a Christchurch City Council-Controlled Trading Organisation.

Before immigrating to New Zealand, Mark spent 10 years globetrotting for building products manufacturer James Hardie in various financial management positions and a further 9 years working as CFO for wireless infrastructure provider Crown Castle Australia.

He holds a Bachelor of Science (Hons) and is a fellow of CPA Australia and the Institute of Chartered Accountants in England and Wales, and is a member of NZICA and the New Zealand Institute of Directors.

Mr Paterson is delighted with the appointment and believes Mark’s skills and experience will be a great addition to the QAC Executive Team.

“Mark is extremely well qualified to serve as CFO,” said Mr Paterson. “He has extensive experience in finance and leadership and will be invaluable as we continue to expand our business to service passenger growth.”

QAC reported a solid financial performance for the year ending June 2013, achieving 7.7 percent growth in revenue to $19.6 million, a net profit of $5.3 million, and a shareholder dividend of $3.6 million.