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Appointments to the Australian industry development corporation

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News Release News Release Thursday 18 October 1984 IMMEDIATE" RELEASE 93/84


The M inister fo r Industry and Commerce, Senator John Button, today announced the appointment of Mr Denis C u llity and reappointment of S ir Leslie Froggatt as D irectors of the AIDC fo r periods of 5 years

and 2 years re sp e c tiv e ly .

The Corporation which is a s ta tu to r y body has the following principal functions:

To f a c i l i t a t e and encourage the establishm ent, development and advancement Of A ustralian in d u s trie s .

to secure to the g re a te s t extent th a t is p ra c tic a b le ,

p a rtic ip a tio n by A ustralian resid en ts in the ownership and control of companies engaging in such in d u s trie s .

Mr C u llity is Chairman, Westralian Forest In d u stries Ltd and former Chairman, Swan Television and Radio B roadcasters. He is also a member of the Forestry and Forest Products Industry Council.

S ir Leslie Froggatt was Chairman and Chief Executive O fficer of the Shell group of companies in A ustralia from 1969 to 1980 and is Chairman of Ashton Mining. He has been a Commissioner of the AustraliarNational A irlin e s Commission since 1981 and a D irector

of the A ustralian Industry Development Corporation since 1978.

Senator Button said the experience of S ir Leslie Froggatt and Mr C ullity in finance and industry will g r e a t ! '/ a s s i s t the Corporation both in i t s tra d itio n a l ro le and i t s extended ro le in providing

finance fo r in d u stria l reconstruction and the development of new in d u strie s.

Canberra ACT