Treasury Minister Dr Alex Allinson MHK today (Tuesday 20 May) welcomed the appointment of Dan Clague as Chair of the Isle of Man Steam Packet Company.
Mr Clague will replace Lars Ugland who recently retired from the post after serving the company since April 2020.
Minister Allinson said: ‘The role of Chair, alongside the six other board members, is vital to maintaining the strategic direction of the company — which continues to provide reliable lifeline services to our Island community — while identifying challenges and opportunities that lie ahead. This appointment will enable the Steam Packet Company to benefit from Mr Clague’s extensive experience in both passenger ferry operations and finance during a career spanning more than 40 years.’
Mr Clague, who is currently based in London, is a senior adviser and non-executive director with an extensive track record providing corporate finance advice, mainly in the shipping and ports industry. He is a descendent of the owner of John Clague and Son Limited, an iron foundry business in Ramsey.
Mr Clague said: ‘I am very pleased to have this opportunity to renew my professional relationship with the Steam Packet Company, which is a business I know well from earlier in my career. Looking to the present, I believe its acquisition by the Isle of Man Government has provided the platform required to continue to serve the Island, as it has done since 1840.’
He added: ‘My branch of the Clague family's affection for the Island remains very strong and we still visit whenever we can. This exciting new role will give me the perfect opportunity to spend more time on-Island and to re-establish a home here.’
The Treasury undertook the recruitment process as sole shareholder of the Steam Packet Company, which operates as a commercial enterprise at arm’s length from Government.
