SENATOR THE HON.

MATHIAS CORMANN Finance Minister Tuesday, 17 December 2013 APPOINTMENT OF THREE NEW BOARD MEMBERS TO ASC PTY LTD

I am pleased to announce the appointment of three new board members to ASC Pty Ltd. Mr Peter Iancov, Mrs Sophie Mirabella and Mr Paul Rizzo have all been appointed for three year terms. Mr Iancov has extensive senior level experience in major engineering projects, including at Alinta . Mr Iancov also has a wealth of experience from board and executive appointments throughout his career. His large project delivery expertise will be advantageous for the board. Mrs Sophie Mirabella is the former Federal member for Indi and a former Shadow Minister for Innovation, Industry and Science. Combined with her legal background, and her extensive experience working with the manufacturing industry, Mrs Mirabella will make a valuable contribution to the board. Mr Rizzo brings senior executive experience at National Australia Bank, Telstra Corporation, BlueScope Steel and other major public companies. Through his work with the defence industry, Mr Rizzo has a strong understanding of Australian shipbuilding and repair practices which will be an asset to the board. ASC Pty Ltd is Australia's largest specialised defence shipbuilding organisation and also has responsibility for the repair, maintenance and design upgrades of the submarines through life of the Royal Australian Navy's fleet of six Collins Class submarines.

[ENDS] Media Contacts For Senator Cormann: Karen Wu 0428 350 139

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