Hannes Babak, the new chairman of the Grand Bahama Port Authority Limited; announced that he was able, together with the board of directors, to persuade Sir Albert to return as chief executive officer.
Sir Albert, 84, retired on August 31, 2005 after serving 35 years as president and co-chairman of the Port Authority. Sir Jack Hayward and Lady Henrietta St George, the principal shareholders of the GBPA, thanked former cochairman and CEO Julian Francis for all his hard work over the last 12 months and wished him well in his new business career.
According to a press release issued by the Port Authority, Mr Francis resigned to pursue personal business activities.
The principals said they believe that Mr Babak’s knowledge of international business and Sir Albert’s many years of experience would ensure that Freeport and Grand Baharna will thrive.
Mr Babak said: “Sir Albert’s ability to deliver on the promise of Freeport and his leadership record are remarkable.
“I am thrilled that we have been able to convince Sir Albert to join us as this will give us the ability to begin an aggressive campaign to revitalise the economy.”
By DENISE MAYCOCK Tribune Freeport Reporter
