Peterhead Port Authority (PPA) will be looking for a new chief executive after it was announced that John Wallace will be retiring next year.
Mr Wallace will be ending his career on July 15, 2016.
He was appointed Chief Executive of Peterhead Bay Authority on April 1, 2001 having previously been the Chairman of Fraserburgh Harbour Commissioners for 16 years.
Mr Wallace said: ‘We are about to embark on the biggest civil engineering works development this port has ever undertaken. If I can get it sanctioned before I depart then this would be a terrific retirement present and we are knocking on the door at this time.
“The port is well positioned to undertake this development having doubled its turnover in the past nine years and is now cash positive. PPA has an unrivalled reputation for forward thinking and a can-do attitude, I am confident this will continue given the Board and staff I have been blessed to work with.”
Peterhead Port Authority is currently awaiting the opening of the European Maritime and Fisheries Fund before going ahead with a £49 million development, that will have a visitor centre as a feature in the fish market, bringing a ‘wonderful visitor experience’, to the Blue Toon.
The development will also include a new 9000-plus box fish market designed to accommodate all fish for sale landed on the same day.
Reflecting on his career Mr Wallace described it as a ‘wonderful run’.
He said: “I claim to have the best job in the country and have good health, but with three highly active grandsons, it is my decision to spend as much time with them as the good Lord permits.
“This has not been an easy decision, but I wanted to leave when I am confident I have given my best and am still appreciated. I am indebted to those whom have entrusted me with leading their hopes and aspirations. Peterhead is full of wonderful people, thank you.