GTAA PRESIDENT ANNOUNCES RETIREMENT

TORONTO, Feb. 23 /CNW/ - Lloyd McCoomb, President and CEO has announced his intention to retire on January 31, 2012.  Dr. McCoomb's retirement date will conclude his five year term leading the Greater Toronto Airports Authority (GTAA), which operates Canada's largest airport, Toronto Pearson.

The Board of Directors of the GTAA has initiated the process of searching for a new President and CEO. With the assistance of an executive recruitment firm a search will be undertaken for the most qualified candidate whose business knowledge and leadership skills will best serve Toronto Pearson.  This search will include current GTAA management as well as candidates drawn from the international business world.

Marilynne Day-Linton, Chair of the Board of Directors thanked Dr. McCoomb for his years of service. "Lloyd has led Toronto Pearson through the transition from an airport under construction to an airport that is ideally positioned to serve its customers as well as support economic growth in the Greater Toronto Area," said Ms. Day-Linton.  "Under Lloyd's leadership, in June 2010, Toronto Pearson was awarded the Most Improved Airport by IATA, which speaks to the tremendous change that we have witnessed in the last five years. The Board will now focus on the task at hand of finding a new President and CEO."

The Board's recruitment process will ensure that the GTAA is properly positioned for an effective transition early in 2012.

The GTAA is the operator of Toronto Pearson International Airport, the busiest airport in Canada and one of the largest airports in North America in terms of passenger and air cargo traffic.  In 2010, Toronto Pearson handled an estimated 31.9 million passengers.  The focus of the GTAA continues to be on competitiveness, growing the airport's status as an international gateway, meeting the needs of our travellers and ensuring the long-term success of the organization, our airline customers and the regional economy.

SOURCE Greater Toronto Airports Authority

For further information:

GTAA Media Office  (416) 776-3709


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