Andrew May has said that he will soon resign from his role as Chairman of the Isles of Scilly Steamship Group.
Andrew wrote in the company's recently released Annual Report that he has informed the Board of Directors of his intention to stand down, "preferably prior to the 2019 AGM".
He wrote: "I have also put the Board on notice that after a period of 16 years I feel the time will soon come when I should step aside as Chairman.
"A number of factors have precipitated this, including the outcome of the Penzance Heliport debate where we clearly did not get our arguments across with sufficient force to influence the outcome.
"However, the Board accepts that any change of Chairman needs to be managed as part of our wider corporate governance review and non-executive recruitment process to ensure a smooth transition."
Andrew added in the Strategic Report section of the document: "The board believes the company’s best interests will be best served by the precise timing of this being be informed by the outcome of new non-executive and executive appointments to the board and the senior management team.
"Work has been underway in these areas for many months so to ensure correct and appropriate appointments through the company’s established corporate governance process. The objective being to ensure the day to day running of the business and its strategic direction are not exposed to the undesirable and unnecessary risks of sudden and unplanned change."