BC Ferries’ President and CEO Mike Corrigan is stepping down when his contract expires.
That will be at the end of March in 2017.
Corrigan has been with BC Ferries for 13 years.
The search for a new president and CEO will get underway in short order.
In the meantime, the company released the latest quarterly results.
BC Ferries has released its first quarter results
today and net earnings were 27 million dollars.
That compares to last year during the same period of 18 point 8 million dollars.
The report says the earnings reflect the effects of higher traffic levels, higher retail sales, higher ferry
transportation fees, and lower financial costs.
Across the ferry system, passenger traffic increased by 2 point 5 per cent and vehicle traffic increased by
5 point 1 per cent.
During the three months ending June 30th, BC Ferries provided over 42,000 sailings, carried over 5 point 3 million passengers and over 2 point 1 million vehicles.