§ Helen JonesTo ask the Secretary of State for Defence if he will make a statement on the future of the Army Base Repair Organisation. [46925]
§ Mr. IngramFollowing approval by this House and the enactment of the requisite Statutory Instrument, ABRO will become a Trading Fund from 1 April 2002.
This marks a significant stage in the development of ABRO as a flexible organisation able to respond rapidly to the demands placed upon it and equipped to shape its own future in both the defence community and the commercial arenas.
Operating as a Trading Fund gives the Chief Executive additional financial and management freedoms to manage ABRO along commercial lines.
The current Chief Executive, Mr. Michael Hayle, will continue to fill that position after conversion.