11 Apr 2016

David Laws announcement

11-04-16

After 37 years’ service with Newcastle Airport, ten of them as Chief Executive, Davie Laws has decided to step down from his role as CEO to join AMP Capital as a part-time Senior Adviser in its international airports business.

Nick Jones (Newcastle Airport’s Chief Financial Officer) will be taking over as CEO from 1 May. Nick is well known to the region and joined the business as CFO in June 2015. He was previously CFO at Aesica and prior to that worked for the accounting firm PriceWaterhouseCoopers. An external search for a permanent CEO will commence shortly.

Councillor Iain Malcolm, Leader of South Tyneside Council, the Lead Authority for the LA7 airport consortium, said: “Davie has been an excellent Chief Executive of Newcastle Airport and I would like to thank him for everything he has done for our region during his many years of service. Davie will be missed but he leaves a strong legacy and I look forward to seeing the airport build upon that legacy in the future.”

David Rees, Partner and Head of Asset Management at AMP Capital, said: “Davie has made an outstanding contribution to the airport and the region and I would like to offer him my sincere thanks and appreciation for building such a strong, successful business. I’m looking forward to continuing to work with Davie at AMP Capital.”

James Ramsbotham, Chief Executive of the North East Chamber of Commerce, said: “It was a pleasure working with Davie during his term as President of the Chamber, especially during the 200th Anniversary celebrations. I believe that, by bringing both Emirates and United Airlines to the region, Davie leaves a legacy of success in terms of connectivity and exports. I wish Davie well in his future career.”

Message from David Laws

Dear Colleagues,

I wish to advise you that after 37 years’ service with Newcastle Airport, I have decided to step down from my position as Chief Executive with effect from the 30th April 2016.

For some time, I have been in informal discussion with AMP Capital (one of the Airport’s shareholders) about joining them part-time as a Senior Advisor in their international airports business.

I would like to thank each and every one of you for the fantastic effort and support you have given me especially during my time as Chief Executive. I firmly believe that together we have in recent years achieved a lot and ensured that the Airport is seen in the region as one of the biggest success stories and long may that continue.

The decision to move on from the business that I have known and loved all my career has not been easy, but the fact that we achieved so much in 2015 is what made my mind up. You will recall that in 2015 together we ensured that the Airport remained an award winning airport with the Which? award and that was no flash in the pan as we have been voted best Airport for years by different organisations. Some notable highlights include seeing United Airlines commence services to New York and their return in 2016, a new airside departure lounge to be proud of, and the announcement of Ryanair to play a significant role in the future of the Airport.  2015 also saw me recognised as Chief Executive of the Year and whilst this was a personal award, I dedicated it to the team at the Airport on the night and I stand by that. Also, you will recall that I had the honour of leading the North East Chamber of Commerce into their 200th Anniversary celebrations; a fantastic opportunity for me personally and also a great way to finish my two years as President of the Chamber. A truly fantastic year in more ways than one.

There is an old saying that it’s good to sometimes get out at the top!!! I firmly believe that the foundations we have built will only mean one thing and that is for this Airport to reach new heights. As you can imagine I have lots of memories after 37 years from my time as a trainee fireman, right through to my current role as Chief Executive and for the most they are indeed very happy memories for me to reflect on.

Nick Jones (the current CFO) will be taking over as interim Chief Executive from 1st May. Please join me in congratulating Nick and please give him your full support during this period of transition.

Shareholders will shortly be launching an external search to find a permanent replacement.

In the meantime I am around until the end of April, and I look forward to saying goodbye to as many of you as I can. Finally may I wish you all a fantastic future. Please continue to keep this Airport in the region’s limelight for all of the good things you do. I know I am leaving this wonderful Airport in safe hands and I look forward to reading all about its future successes as you take it to new heights!!!!!! So good luck and once again thank you for all your loyalty and support.

Davie