“I’ve seen Sea Swift from when it was in the hands of its original owners, then when it was sold as private equity on the stock market, to now, as its purchased by QIC,” Mr White said.
“It’s a good a time as any to draw a line.
“We have a great Board and a great ownership structure, but most importantly, we have a team that’s ready to start stepping up and everybody’s going to get a good go out of it.
“Our customers, our employees and our shareholders will all be better off due to the acquisition (of Sea Swift) by QIC.”
Of all of his accomplishments over the last 12 years, Mr White says that he is most proud of his resolve to provide employees with a safe place to work.
“My legacy is one that’s left sea swift a lot safer than when I came on board,” he said.
“Driving the company’s understanding of how important it is to get people to work safely and back home safely, that’s the most important part of my job and I’m glad that I could make such huge steps towards it.”
He said that he is entirely confident that the current COO and soon-to-be acting CEO Lino Bruno is up for the job.
“He’s locally born and bred and has been with Sea Swift for 25 years.
“I’m more than happy handing the role over to Lino, and the knowledge he’s got.”
Mr White recently announced Sea Swifts first international shipping service, leaving from Dampier in Western Australia and sailing to Singapore, with the first launch scheduled for December.
“There really is no good time to leave,” he said.
“When you look at things that are happening, there are plenty of growth opportunities coming down the barrel.
“That’s how the company’s been – continually growing and changing.”
Sea Swift arrived in Cairns in 1987 and has since become the largest privately owned shipping company in Australia.
Lino Bruno will take over as acting CEO next week while the Sea Swift Board begins the process to find Mr White’s replacement.
