James Cherry, president and CEO of Aeroports de Montreal, which oversees Montreal-Trudeau International (YUL) and Montreal-Mirabel International (YMX), will retire at the end of fiscal year 2016, the company announced today. Cherry has been leading ADM for 15 years.
The board of Aeroports de Montreal has begun a recruitment process to fill the leadership role. It will be supported by an executive search firm. The company’s goal is to fill the position by early 2017.
Cherry joined Aeroports de Montreal in 2001 as president and CEO. He previously held senior executive positions with Bombardier, Oerlikon Aerospace, CAE and Alstom Canada. He was ARN’s Director of the Year in the medium airports category in 2014. In 2015, he served as chairman of Airports Council International – North America.
“Because of his vision and sound management, ADM has experienced continuous growth: Its passenger traffic has doubled, its air services, particularly the international sector, have been greatly enhanced and its infrastructures expanded and modernized, and all of this accompanied by solid financial results,” says Normand Legault, Chair of the Board of Aeroports de Montreal.
Aeroports de Montreal recently reported a 5.8 percent increase in consolidated revenue for the six months ending June 30, 2016, reaching C$253.4 million (US$193.2 million). The company attributed the improvement to the growth of passenger traffic and higher revenues from commercial activities.
YUL served 7.9 million passengers for the first six months of 2016, up 4.9 percent from the same period in 2015. All three sectors – domestic, transborder (U.S.) and international – contributed to the growth.