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Retirement - President and CEO Victoria Airport Authority

Jun 1, 2010

FOR IMMEDIATE RELEASE

Christine Stoneman, Chair of the Victoria Airport Authority (VAA) Board of Directors, advised today that Richard Paquette, VAA President and CEO, has announced his retirement effective December 31, 2010.

Mr. Paquette advised the VAA Board of Directors of his intention to retire at a board meeting.  Stoneman stated, “The VAA Board looks back in pride on what has been accomplished over the past eleven years under the leadership of Richard Paquette.  During his tenure Richard Paquette has taken Victoria International Airport through significant growth and changes, providing the community with a beautiful passenger friendly terminal building, non-stop service to many new destinations, among the lowest aviation and passenger fees in Canada, excellent community relations and all accomplished in a sound financial position.  Furthermore Richard has been actively involved in the business community of Greater Victoria and built a successful team of dedicated employees.

Paquette stated, “Credit for the success of the Victoria Airport Authority goes to a supportive community, to the dedicated VAA staff and to the outstanding leadership provided by the VAA Board of Directors over the years.  It is truly a pleasure and an honour to have had the opportunity to serve as President and CEO of the VAA.

The VAA Board of Directors has appointed a Selection Committee, chaired by Christine Stoneman and hired the Executive Search Agency, Pinton Forrest & Madden, to undertake the search for a new President and CEO.

All enquires are to be directed to the Chair of the Board, Christine Stoneman.

Christine Stoneman
Board Chair
Victoria Airport Authority
250-881-2768