THE MELBOURNE Board met today, following which they confirmed that CEO Cameron Schwab’s employment agreement would be extended for a further three years.

Melbourne President Don McLardy said, “Cam is a highly experienced CEO, whose work and leadership over the last 12 months in particular has been outstanding as the Club has faced some extremely challenging and highly public issues.

“In his time at the Club since 2008, Cameron has been at the forefront of a significant growth period, taking operating revenue from $26 million to $38 million. The Club has recorded three consecutive profits during this time, as well eradicating a debt of $5 million and establishing a net asset position of $6 million.

“Cameron has also overseen the signing of a 30 year deal with the City of Casey, and established outstanding training facilities at AAMI Park and Casey Fields as well as the successful merger with the Bentleigh Club. Closer to home, Cameron’s contribution has been integral to the Club’s realignment with the MCC as an official sporting section.

“At the end of Season 2011, Cameron also oversaw the full restructure of the Club's football department.”

“While we have made important progress in some key areas, everyone associated with the Club understands that we will be measured by the performance of our team. In this regard, I have great belief in our Club and its people”, Cameron Schwab said.

“With Cameron’s current contract expiring on 31 October this year, the Club was keen to confirm his situation as we head into a very important off-season, including the draft and trade period,” Don McLardy said.