QIC chairman retains job amid public corporation overhaul
THE CHAIRMAN of QIC has survived a Queensland Government overhaul of government owned corporation board members.
Don Luke has been board chairman at QIC, which is building a $500 million shopping centre in the Toowoomba CBD, since 2013.
QIC's Global Real Estate arm is behind the Grand Central redevelopment and has more than A$14 billion invested in Australian and international retail and office assets.
Acting Premier Curtis Pitt announced a series of new board appointments for government owned corporations including Ergon chairman Clive Skarrot and SunWater chairman Leith Boully.
Mr Pitt said the quality group of eminently qualified appointments would ensure Queensland's taxpayer investments remain in good hands.
"All new board members were appointed on merit and selected from a large pool of talented and well-credentialed individuals to bring new focus and innovation to our GOCs," he said.
"There's also a strong degree of continuity, with some experienced chairs continuing in their current roles, as well an injection of new blood, including renewable energy expertise."
Mr Luke is also chairman of QIC's HR & Remuneration Committee, Member of the Audit & Risk Committee.
He is also holds a directorships of QIC Retail Pty Ltd, QIC Investments No. 1 Pty Ltd, QIC Investments No. 3 Pty Ltd, QIC Infrastructure Management No. 2 Pty Ltd
Mr Pitt said Queensland's GOCs facilitated the delivery of crucial services and export dollars for the benefit of all Queenslanders.
"Keeping key assets in public ownership, like our ports and our electricity networks, was one of our major election commitments," he said.
"With these new appointments, we're now well placed to ensure our assets keep delivering dividends for all Queenslanders."
Mr Pitt said the number of female GOC board members in Queensland would nearly double.
"This is line with our election commitment to increase the proportion of female board members on Queensland GOCs to 50 per cent by 2020," he said.