Adelaide Airport has announced its long-serving head of finance, Brenton Cox, will become its new managing director in December.
It comes after his predecessor, Mark Young, announced his retirement two months ago following a decade in the top job.
Chairman Rob Chapman said Cox will bring considerable experience and understanding of the airport’s operations from his previous role.
“Mr Cox has played a key role in managing Adelaide Airport’s expansion and significant passenger growth pre-COVID, and subsequently the airport’s response to COVID over the past 18 months,” Chapman said.
Cox is currently the executive general manager of finance and corporate, and started at the business back in 2013.
According to Chapman, Cox has led a number of initiatives such as bagging the first loan in Australia that incentivised a borrower to improve its sustainability performances.
“Mr Cox has demonstrated a clear vision for the growth of Adelaide Airport as we emerge from the pandemic, from an aeronautical, property and business development perspective,” Chapman said.
Along with his experience at Adelaide Airport, Cox has also served as the non-executive director of Sydney Airport and Hobart Airport in Australia.
He also worked as an executive with Macquarie Airports and Macquarie Capital in London and Sydney and sits on numerous financial and council boards.
Mark Young will continue with the airport until 10 December, after transitioning to a non-executive director outside of Adelaide Airport.
Young has been hailed mostly for welcoming numerous international airlines to Adelaide, boosting the airport’s global connections.
“On his watch, we have also seen several years of double-digit growth and welcomed Emirates, Qatar Airways and China Southern to Adelaide for the first time,” Chapman said.
Young also led Adelaide Airport’s $405 million capital raising program in 2010 for its refinancing and expansion, while remaining a “healthy balance sheet” according to the press release.
Under Young’s leadership, in 2018 Adelaide airport commenced a terminal expansion to increase its size by over 80 per cent, set to accommodate passenger growth over the next decade.
“Our business is in a solid position despite the recent challenges, and as evidenced by our terminal expansion being on track for completion by the end of the year positive route development with airlines and progress on our new Airport East transport, freight and logistics hub,” Young said.