North Queensland Airports Group Taps Storrie for Board

North Queensland Airports Group Taps Storrie for Board
Issued 27 March 2014
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The North Queensland Airports Group (NQA), owner and operator of Cairns and Mackay
Airports, is pleased to announce that Colin Storrie, an executive with deep experience in
both aviation and finance, has been named to its Board of Directors. Mr Storrie will join the
NQA Board on 1 April 2014.
From 2011 - March 2014, Mr Storrie was Group Treasurer and Chief Financial Officer of AMP,
one of Australia and New Zealand’s largest and most established wealth management
companies. He was a director of AMP Bank and the Chairman of several AMP financing
companies and previously served as Chief Financial Officer and Board Member for Qantas.
“Colin’s executive and board experience in both aviation and finance will be invaluable to
NQA and its holdings,” said Paul Ryan, CEO of OECD Infrastructure for J.P. Morgan Asset
Management, which holds a majority interest in NQA on behalf of institutional investors and
was responsible for engaging Mr Storrie. “Colin’s expertise is a strong complement to the
existing Board’s deep aviation, business and government experience.”
“The NQA Board of Directors welcomes Colin at a very exciting time as we build out our
development plans at both Cairns and Mackay Airports.” added Marcela Zeman, NQA Board
Chair. "Cairns and Mackay Airports are vital to the region’s economy. Colin’s talents will help
us continue to ensure the airports are making a robust local contribution."
NQA purchased and began operating Cairns Airport and Mackay Airport in 2009. Cairns
Airport is one of the main hubs for visitors to Australia’s Great Barrier Reef. In recent years,
the airport has seen a substantial increase in visitors from Asia, particularly China. Mackay
Airport serves central Queensland and the Bowen and Galilee Basins. Both airports are
earmarked for aeronautical and commercial developments to support regional growth.
“Under the Board and management team’s leadership, Cairns and Mackay Airports have
created diverse economic opportunities for their owners, stakeholders and communities,”
Mr Storrie said. “I’m very pleased about joining NQA’s high calibre Board and working with a
first-rate management team, led by Chief Executive Officer, Kevin Brown, to continue this
mission.”
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Earlier in his career Mr Storrie worked in investment banking and for the government of
New South Wales. He holds a bachelor’s degree from the University of Wollongong, a
graduate diploma in management from AGSM University of New South Wales, and he is a
certified practicing accountant (CPA). Colin is an independent non-executive director of AIG
Australia Ltd and Chair of its Board Audit and Risk Committee.
About North Queensland Airports
North Queensland Airports group owns and manages Cairns and Mackay Airports. Cairns Airport is the gateway
to World Heritage Great Barrier Reef and Tropical Rainforests of North Queensland. Over four million passengers
pass through Cairns Airport each year. Mackay Airport attracts over one million commercial and leisure
passengers each year as it serves the mining, agricultural, industrial and regional business centre of Mackay
which also supports a growing tourism industry and is a gateway to the Whitsunday coast and islands.

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