In announcing the appointment, ASC Chair Mr Bruce Carter said Ms Reynolds' extensive skills and experience as a Corporate Partner and Chair of national law firm Thomson Geer was a valued addition to the submarine maintainer and shipbuilder.
“As an industry leader, ASC places great importance in attracting only the very best people, and that approach equally applies to our Board of Directors. We are exceptionally pleased to welcome a director of the calibre of Ms Reynolds to provide strategic support and guidance from the highest level of our business,” Mr Carter said.
“In addition to being named "Lawyer of the Year" last year, she has been previously recognised as one of the best Australian lawyers practicing in corporate law, corporate/governance, mergers and acquisitions and private equity,” he said.
“Loretta has a strong understanding of the strategic challenges and opportunities facing our industry, and the need for ASC to continue building on the major performance improvements achieved through our transformation efforts.”
ASC has previously announced a reduction from three years down to two for a full cycle docking of a Collins Class submarine as a result of infrastructure and innovation initiatives. A similar effort in the ASC Shipbuilding yard has delivered significant ship-on-ship productivity improvements during the construction of the three Air Warfare Destroyers.
Ms Reynolds is currently a Non-Executive Director of the South Australian Health & Medical Research Institute, as well as Deputy Chair and Director of the Royal Flying Doctor Service.