The Tribune

THE Nassau Airport Development Company (NAD) yesterday announced the appointment of Chris Ryan as its new vice-president of finance and chief financial officer (CFO).

Stewart Steeves, NAD's president and chief executive, said: "We are very pleased to welcome Chris to our executive management team. He brings more than 30 years of accounting experience in aviation, oil and gas, mining and healthcare services to the position.

"As we welcome our new chief financial officer, I would like to especially thank our outgoing CFO, Paul Ward, for his leadership and the role he played to help us get to this point in our financing."

Last month, the airport management company signed a $225 million agreement, bringing the final round of funding to a close for the $409.5 million airport redevelopment project at Lynden Pindling International Airport (LPIA).

Mr Ryan has worked within the Vantage Airport Group (formerly YVRAS) network of airports. Vantage is the parent company of NAD.

Prior to joining NAD, he served as director of finance and administration at Greater Moncton International Airport in Canada. His position was effective from May 1, 2012.

Mr Ryan said: "I am honoured to be joining NAD at such an historic time in its development. I hope in my time here to assist LPIA in becoming a world class airport facility."

Stage one, a US Departures terminal, opened in March 2011. Stage two, construction of an International Arrivals terminal, is currently underway and is scheduled to open this fall. The third and final stage, a Domestic and International Departures and Domestic Arrivals terminal, will wrap up the entire development in the autumn of 20123.