Having joined the board in 1984, Mr Paton became Vice Chairman in 1991 and Chairman three years later.
Colin Parker, the Board’s Chief Executive, said: "David has given invaluable service to the Board during a time of major developments and an increase in traffic to record levels. He retires with a clear strategy in place to take the port forward."
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Recalling his years as a board member, David said: "It has been a tremendous period in which to be involved with the Board. We have made multi-million pound investments – usually proactively – to provide the many and varied users with the required facilities and services. At the same time, we have held charges at a fraction of inflation to ensure the port’s competitiveness.
"While we are proud of being Britain's oldest business, we have created a world class port and have also been very mindful of the community with, for example, support for the city's award-winning Maritime Museum."
He added: "Port users are to be congratulated and Board staff highly commended on their contribution to the harbour's success."
A Harbour Board dinner in David’s honour was also attended by representatives of the business community and various organisations reflecting his many interests.
The Board will appoint his successor as Chairman in January.
(GK/KMcA)
