Toronto Port Authority CEO Lisa Raitt taking leave of absence to seek public office



    TORONTO, Sept. 9 /CNW/ - Toronto Port Authority President and Chief
Executive Officer Lisa Raitt, is taking an unpaid leave of absence to run for
office in the federal election.
    Ms. Raitt will be running as a candidate in the federal riding of Halton,
Ontario.
    "The board of directors would like to wish Lisa the very best of luck as
she throws her hat into the political ring for the first time," said Mark
McQueen, the Toronto Port Authority board chairman. "Lisa will leave a big
hole to fill at the Port Authority, but management and staff are committed to
maintaining the same high level of commitment and professionalism that she
brought to the job. In a recent independent poll of Toronto area residents,
77% of those with an opinion about the TPA had a favourable (28%) or fair
(49%) impression of the organization. Lisa deserves a lot of credit for
improving the TPA's image among all city residents."
    Ms. Raitt has served the Toronto Port Authority since 1999, and as
President and CEO since 2002. During her tenure, Ms. Raitt oversaw the
economic improvement of the TPA's port facilities, the enhancement of
community outreach activities, and the revitalization of the Toronto City
Centre Airport. She previously served as harbourmaster and as the Port
Authority's corporate secretary and general counsel.
    "The past nine years has been fulfilling and exciting. I am proud to have
been a part of revitalizing the marine gateway to Toronto - Canada's business,
industrial and cultural centre. In particular, I am proud to have assisted in
the remarkable growth of Porter Airlines," Ms. Raitt said. "The hardest part
of this decision, besides assessing the impact of public life on my family,
has been leaving behind my friends and colleagues at the authority. I am
grateful to the board of directors for supporting my decision to serve the
public in a different way."
    Alan Paul, VP & CFO of the Toronto Port Authority has been appointed
acting President & CEO, effective immediately. The Port Authority board is
developing a succession plan for the CEO role pending the outcome of the
federal election.

    The Toronto Port Authority operates the Port of Toronto and the Toronto
City Centre Airport. One of Canada's most import ports, the Port of Toronto
serves Canada's largest city, representing one third of the Canadian market.





For further information:

For further information: Janet MacDonald, (416) 863-2003


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