Released on January 4, 2019Firm To Be Retained To Help Identify New Private Sector Management Structure
Minister Responsible for the Global Transportation Hub (GTH) Don Morgan confirmed today the Government of Saskatchewan’s intention to move forward with the divestment of the GTH.
Morgan announced that the GTH’s board of directors are in the process of hiring a third party consultant to lead that transition and define a new governance structure for the GTH.
While the transition proceeds, the GTH’s current clients and future prospects will remain a priority. Key staff members working in operations, business development, marketing, and investment attraction will remain in place to ensure there is no disruption in business operations.
“We believe the GTH plays a vital role in Saskatchewan’s export oriented economy and will for many years to come,” Morgan said. “However, the GTH will be in a better position to reach its full potential operated by the private sector. This process will be handled professionally and responsibly to ensure the GTH can continue to help drive economic growth in Saskatchewan.”
GTH President and Chief Executive Officer Bryan Richards will not be a part of the transition. Matt Schroeder, the organization’s current Vice President of Finance will serve as Acting CEO.
The Global Transportation Hub Authority Act, the provincial legislation governing the GTH, will remain in place.
"I want to thank Bryan for his work and vision over the past five and a half years,” GTH Board Chair Terry Baker said. “We wish Bryan all the best with his future endeavours and we will work closely with Matt and the remaining staff as the divestment proceeds.”
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