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ASC appoints Chief Executive Officer and Managing Director

4 August 2004

Australian Submarine Corporation’s Board of Directors has today announced the appointment of Mr Greg Tunny as Chief Executive Officer and Managing Director of ASC.

Mr Tunny, the current Managing Director of Thales Air Traffic Management Australia and Regional Director Asia, was appointed following a world-wide executive search which commenced in February this year following the departure of Dr Stephen Gumley to head Defence Materiel Organisation.

Mr Tunny joins ASC during a pivotal time as the Company prepares to bid for Royal Australian Navy surface combatant work, including the proposed Air Warfare Destroyer project.

Mr Tunny’s appointment follows the award of the 25-year, $3.5 billion Through Life Support Contract for the Collins Class submarines. According to Mr John Prescott AC, Chairman of ASC, Mr Tunny is exceptionally well-qualified to lead ASC during this important growth stage.

“Mr Tunny brings a wealth of knowledge and experience to ASC, which has been developed in the management of complex systems engineering projects for the defence and aviation industries in Australia and overseas,” he said.

“The Australian Government has made clear its intent to privatise ASC and, in preparation for this, Mr Tunny will be working to fully establish the Company’s capability in Australia’s naval shipbuilding and repair industry.”

Mr Tunny will succeed Mr Graeme Bulmer who has fulfilled the Acting Chief Executive Officer role since March this year. The commencement date for Mr Tunny will be the subject of a separate announcement.

For more information:
Jayne Correll, Communications Manager

ASC Pty Ltd
Telephone: 08 8348 7000
Mobile: 0423 029 307
Email: Jayne.Correll@asc.com.au
Phone: +61 8 8348 7000 | Fax +61 8 8348 7001 | Head Office: GPO Box 2472, Adelaide South Australia 5001, Australia
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