Brisbane Port's CEO is dumped by its new private owners

PORT of Brisbane's CEO Jeff Coleman has been sacked just one week after Australia's Queensland state government privatised the harbour.

Mr Coleman was appointed CEO in May 2002. The port's new owner is a consortium called, Q Holdings, made up of New York's Global Infrastructure Partners, the Abu Dhabi Investment Authority, Australian fund manager QIC and Melbourne-based Industry Fund Management.

No official announcement has yet been made by Q Holdings.
(Source:www.schednet.com)