NEWS RELEASE · 27th September 2011
The BC Ferries Services Board issued a statement today announcing the retirement of President and CEO David L. Hahn effective December 31, 2011. Services Board Chair Donald P. Hayes thanked David Hahn, on behalf of the Services Board, for his eight years of excellent leadership at BC Ferries.
Mr. Hayes said, “It is with sincere regret that we accept Mr. Hahn’s pending retirement from the company. An extraordinarily skilled executive, Mr. Hahn’s accomplishments at BC Ferries have been significant. Under Mr. Hahn’s leadership, BC Ferries has been fundamentally transformed, resulting in improvements in all areas of the company’s business. Seven new ships have been brought into service on-time and on-budget, upgrades have been made at many of our major and minor terminals, and significant improvements have been made in the travel experience for our customers. A unique leader with unsurpassed vision, dedication and commitment to the company, Mr. Hahn has made an outstanding contribution as President and CEO. BC Ferries Services Board, employees and its customers all owe Mr. Hahn special thanks for the tremendous service he has provided these eight years in making BC Ferries a success.”
In speaking to the announcement, Mr. Hayes said, “As Mr. Hahn’s decision to retire was voluntary it triggered no severance payments.”
Mr. Hayes stated, “The Board has a succession plan in place and we expect to make an announcement on a successor sometime after our Board meeting in November, 2011. The compensation of the successor will be subject to an executive compensation plan to be established by the B.C. Ferry Authority, and will be compliant with the new requirements for executive compensation set by the Miscellaneous Statutes Amendment Act (No.3) – 2010, commonly known as Bill 20.”
Comment by James Ippel on 30th September 2011
Mr Hahn did'nt lose the Queen of the North along with two lives.
The people on the Bridge at time of accident were not qualified (admitted in evidence), and it has never been explained what they were doing, tho there is much speculation.
This is one accident you can'nt blame Hahn for. Please get your facts straight before make accusations you can 'nt support with evidence.
Comment by blocky bear on 28th September 2011
We heard this long ago..we must pay the equivalent of the private sector for quality executives. Without commenting on that aspect of the matter I would like to say; I "used to" be able to afford to ride the ferries. It`s time folks to realize that they the politicians in power consider us dummies. How about some politicians with respect? d.b.
I would give up my pension
Comment by One who votes on 28th September 2011
With a decent wage of 30 dollars a hour, or 60 grand a year, add on some overtime, holiday pay etc, thats 70 thousand. I would give up my pension to make 13 times that in a year.It is time we stopped pandering and defending these people. I always find it ironic, where a working guy will defend the 'master', yet condem the slave, is it because he is only slightly above the slave, but falling closer to him. Buy a lotto ticket, might win Mr Hanns yearly salary.
Perhaps he reached his personal goal.
Comment by Maggie Jo on 27th September 2011
Perhaps prior to officially retiring Mr. Hahn had a personal goal in attaining an annual salary of $1,000,000. That's right folks - I'm referring to ONE MILLION dollars for one year's work in the Province of BC.
(In 2009 he was almost there with a remuneration of $984,249. )
Comment by Gerry Hummel on 27th September 2011
Like Crusty's Liberal government would tell us the truth! Under the table I wonder what sorts of goodies that scumbag will be reaping! I worked hard all my working career for the pitance I get like i'm gonna give it back! I wonder how many advisory boards etc. this jerk will sit on and get pampered (free ferry trips etc.) with our tax payer monies! Betcha he can buy a million dollar home in Vancouver and a second one in a sunny climate somewhere on his (ha! ha!) pension!
sorry, no money dance
Comment by bill braam on 27th September 2011
He and BC Ferries came to an understanding as to what his pension should be. It is that simple. Now he is due his pension, even simpler. Perhaps we should have a poll as to how many of us out here would give up their pensions that were bargained in good faith. I think the list of volunteers would be very, very short.
Comment by Gerry Hummel on 27th September 2011
They forgot to mention in the article with all the accolades during his tenure he also lost the Queen of the North including two lives! And I'll bet he's doing the Happy Money Dance!!
Do you think Mr. Hahn is doing the money dance?
Comment by Nancy on 27th September 2011
Wonder how these people celebrate behind closed doors when they get away with a big heist?