ASC appoints Acting Chief Executive Officer

Australian Submarine Corporation’s Board of Directors has today announced the appointment of Mr Graeme Bulmer as Acting Chief Executive Officer of ASC.

Mr Bulmer, an engineer, has been a director of ASC since the Company became wholly-owned by the Commonwealth in November 2000, and has extensive executive experience in the manufacturing industry in Australia and Asia.

Mr Bulmer was an executive with BTR Nylex for over 30 years, including a five-year term as Executive Director and eight years heading three public companies in Taiwan.

Mr John Prescott AC, Chairman of ASC, said “Mr Bulmer has been closely involved in the changes being implemented to fully equip ASC for its role as the provider of through-life support for Australia’s Collins Class submarines, in addition to further developing ASC’s capabilities for other naval work.”

“The company is conducting a world-wide executive search to select a new Chief Executive Officer.  The Board is very pleased that Mr Bulmer is able to fill the position in the interim,” he said.

“The Government has made clear its intent to privatise ASC and in preparation for this the Board is moving to fully establish the Company’s capability in Australia’s naval shipbuilding and repair industry.”

In accordance with ASC’s policies on corporate governance, Mr Bulmer will stand down from the Board while Acting Chief Executive of ASC.

For more information:
Jayne Correll, Communications Manager
ASC Pty Ltd
Telephone: 08 8348 7000
Mobile: 0423 029 307
Email: Jayne.Correll@asc.com.au