The Business Council of Australia has elected Mr Greig Gailey as its new President for a term of two years.

Mr Gailey has been a Member of the BCA since 2001 and a Member of the BCA Board since 2005. He was Chairman of the Minerals Council of Australia between 2003 and 2005, and is currently Treasurer and Council member of the International Council of Mining and Metals, Chairman of the International Zinc Association, as well as a Board member of the Australian Mines and Metals Association.

Mr Gailey joined Pasminco Limited in August of 2001 as Chief Executive Officer. The company went into Administration in September 2001 with debts in excess of $3 billion. Mr Gailey subsequently transformed the company which was relisted as Zinifex Limited on the Australian Stock Exchange in April 2004. Mr Gailey became CEO & Managing Director of Zinifex Limited from that date until standing down in June 2007.

Mr Gailey worked at the British Petroleum Company from 1964 to 1998 where he held various positions throughout Australia and offshore, including Managing Director, European Refining based in Brussels. Mr Gailey was CEO of Fletcher Challenge Energy between 1998 and 2001.

Mr Gailey takes over from tomorrow from Mr Michael Chaney AO, who has served as BCA President for the past two years.

At the BCA’s Annual General Meeting in Sydney today, BCA Members also elected Mr John Marlay, Chief Executive Officer, Alumina Limited, and re-elected Mr Angus James, Chief Executive Officer, ABN AMRO, and Mr Robert Milliner, Chief Executive Partner, Mallesons Stephen Jaques as Members of the BCA Board.

The BCA Board is as follows:

• Greig Gailey (President)
• John Stewart, Group Chief Executive Officer, National Australia Bank Limited
• Angus James, Chief Executive Officer, ABN AMRO Australia and New Zealand
• Katie Lahey, Chief Executive, Business Council of Australia
• Charlie Lenegan, Managing Director, Rio Tinto – Australia
• Rod Pearse, CEO and Managing Director, Boral Limited
• John Marlay, Chief Executive Officer, Alumina Limited
• Mr Robert Milliner, Chief Executive Partner, Mallesons Stephen Jaques.