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THE Gladstone Ports Corporation Board of Directors announced they had decided to begin a new search for the appointment of a chief executive officer.

Craig Walker has been acting in the role of CEO since the board sacked CEO Peter O’Sullivan in May 2019.

The board has thanked Mr Walker for his achievements during the past two and a half years while acting in the role of CEO.

In a statement, the board said its decision had been made to position the business for further success in light of various market challenges and the effects of COVID-19.

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“Despite the challenges of COVID-19, GPC has cemented its role as one of the most significant contributors to the Queensland economy,” the board said.

“The three regional ports in Central Queensland account for 35% of Queensland’s total exports and more than $34 billion in trade value. Given one in four regional jobs relies on trade, GPC is instrumental in supporting jobs and prosperity.”

Mr Walker will move into the role of GPC chief operating officer and will continue to support GPC and its customers.

The board said it would provide further advice in the near future regarding the appointment of an interim CEO.

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