Tynwald approves appointments to Steam Packet board

Fri, 18 Jan 2019

Tynwald has approved the appointment of three non-executive directors to the board of the Isle of Man Steam Packet Company.

Philip Dearden, Captain Simon Pressley and David Oldfield will join the board for a period of three years, with an option to renew for a further two years.

A recruitment process took place in November last year following the Isle of Man Government’s purchase of the company in May 2018, which was aimed at providing long-term stability to the ownership of the Island’s lifeline ferry operations.

The company will continue to operate as a commercial enterprise at arm’s length from Government.