Sydney Airport appoints new Chief Executive Officer

Sydney Airport's Board of Directors is pleased to announce Mr Geoff Culbert has been appointed as Chief Executive Officer. Mr Culbert will commence with Sydney Airport prior to the end of January 2018.

Sydney Airport Chairman, Mr Trevor Gerber said, "After a rigorous global search we are delighted to announce we have appointed Geoff Culbert as Sydney Airport's new CEO. Geoff has had a highly successful international career with General Electric Company, most recently as President & CEO of GE Australia, New Zealand and Papua New Guinea.

"Geoff brings to Sydney Airport extensive commercial and operational experience and a track record of working closely and collaboratively with customers, business partners and government, including through GE's Aviation business. Geoff impressed the Board with his commitment to contributing to the social and economic development of Sydney, NSW and Australia, his interest in public policy and lifelong passion for aviation.

" Aviation is one of the most dynamic and fast changing industries in the world. Geoff embraces innovation and technology and this ongoing focus will position Sydney Airport for future success. He also has strong and established relationships with many of Sydney Airport's key airline and business partners, and across all levels of government.

"Geoff's deep international experience, including 10 years living and working in Asia, his broad-based skills and his commitment to customer and stakeholder relations make him ideally suited to lead Sydney Airport through its next exciting phase of growth and development."

Mr Geoff Culbert said, "I am looking forward to the opportunity to lead Sydney Airport and to continuing to partner with our customers, government and our local community. As Australia's international gateway, I believe Sydney Airport is ideally placed to meet our growing aviation needs.

"I am also excited about the contribution the Airport makes to the broader economy. If we continue to capture the increasing demand for travel, particularly from developing markets, the flow on benefits for the NSW and Australian economy will be huge."

As previously advised, Ms Kerrie Mather will continue as Managing Director and Chief Executive Officer until Mr Culbert commences with Sydney Airport. The Board would like to thank Kerrie for her ongoing commitment and contribution to the business during this period of transition.

Sydney Airport has entered into a CEO Employment Agreement with Mr Culbert. A summary of the key terms of the Agreement is set out in the Appendix to this announcement, which can be found on our website at https://www.sydneyairport.com.au/investor/company-information/asx-newsroom

Refer to full documentation in the attachments box below.