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| Port of Melbourne is pleased to announce the appointment of Mr Leigh Petschel as the organisation's new Chief Financial Officer.
Mr Petschel will join the Port in November from Monash University, where he has been Chief Financial Officer and Vice President since mid 2021. Prior to Monash, Mr Petschel was a General Manager and Vice President with Transurban in Australia and North America.
Mr Petschel's combination of experience is well aligned with the organisation's priorities, given his extensive history in financial and business strategy in infrastructure and regulated sectors.
His experience in partnering with industry and government will also stand us in good stead, ensuring that we continue to deliver on our stewardship obligations to the State and work constructively with port users.
I would also like to thank outgoing CFO Darryl Mutzelburg for his significant contribution and leadership. Since 2017, Darryl has overseen the transition of the business from government to private ownership including refinancing approximately $5 billion of debt and embedding the unique regulatory framework applicable to Port of Melbourne. Darryl has also been heavily involved in commercial matters including designing and implementing commercial and access arrangements for the Port Rail Transformation Project, negotiating arrangements for the extension of the Webb Dock East berths and renegotiating a number of lease arrangements at the port.
Mr Petschel joins Port of Melbourne on 13 November 2023.
Best regards
Saul
Saul Cannon
Chief Executive Officer |