VANCOUVER, Aug. 19, 2016 /CNW/ - At today's Annual Public Meeting, BC Ferries' Board Chair Donald Hayes announced that President and CEO Mike Corrigan would be stepping down from his role effective March 31, 2017, at the completion of his current contract. Hayes said that Corrigan's decision to step down comes at a time when the company is being recognized externally for its strong culture of safety and performance, ridership and revenues are approaching an all time high, and there is a solid capital plan in place to replace an aging fleet of vessels.
An executive search has already commenced to identify Corrigan's successor, with the Board considering both internal and external candidates.
"We want to thank Mike Corrigan for his ongoing dedication and determination to ensure BC Ferries delivers the safest and best service possible to BC residents and visitors," said Hayes. "Mike has been with BC Ferries for the past 13 years and has had a distinguished career throughout that time. Mike is leaving the company in a very good place and has done an outstanding job as our President and CEO for the past almost five years."
"I want to thank the Board, the Executive Management Committee, and the employees at BC Ferries for the support they have shown me, and for their ongoing dedication to delivering the highest quality service to coastal British Columbia," said Mike Corrigan, President and CEO of BC Ferries. "I also want to thank BC residents, and our visitors from outside our province, for the trust they've placed in BC Ferries to safely deliver them to the people and places that are important in their lives."
Corrigan said the decision to leave BC Ferries wasn't an easy one to make.
"It is never easy to step down and let someone else take the helm. So I'm stepping down with mixed emotions, because my time at BC Ferries has been tremendously rewarding and satisfying, and I've had the opportunity to work with an outstanding group of people – and a very supportive Board. But I am at a stage in my career that I feel it is time to pursue new opportunities."
Hayes said that the Board appreciates the lengthy notice Corrigan provided, and has a plan in place to ensure the transition to a new CEO is a smooth one. In the interim, Corrigan will continue as President and CEO with the Board's full support.
SOURCE British Columbia Ferry Services Inc.
For further information: Media Contact: BC Ferries, Media Relations, Victoria: (250) 978-1267