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Wall Street tracks higher on company earnings beats
Nicholas Pointon
Sat, 25 Oct 2025
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DGL chief financial officer resigns
ASX-listed industrial chemicals provider DGL Group has announced the resignation of its chief financial officer Frank Izzo.
The company’s shares are currently suspended after its auditor PKF disclaimed its opinion on the accounts, citing concerns over management controls and stock take variances.
DGL, controlled by New Zealand businessman Simon Henry, said it had appointed financial controller Gagan Singh as interim CFO pending recruitment of a permanent executive.
Izzo joined DGL in April 2024 after the resignation of Rob Perkins, who served 16 months after joining in November 2022 following the resignation of Ben Halsey, who served in the role for one year after joining the company in November 2021.
Delegat appoints CFO
Listed wine company Delegat has appointed Riki Maden as its next chief financial officer, effective from November 1.
Maden has led the finance department in an acting capacity since July 1 and brings with him over a decade of commercial and leadership experience at Delegat.
Through a trading update to the NZX, Delegat said the Maden's deep understanding of the business, strong alignment with Delegat’s values and culture position him well to support the company’s continued growth.
"The board welcomes Riki to the permanent role and looks forward to his ongoing contribution as Delegat executes its global growth strategy."
CAA appoints new board members, deputy chair
Civil Aviation Authority has a new deputy chair, Mike Schubert, who joined the board earlier this month.
Schubert is a qualified accountant and was a PwC partner. He was previously CEO of MinterEllisonRuddWatts and is also on boards in the banking, insurance and healthcare sectors.
The CAA’s deputy chair position became vacant after Darin Cusack’s appointment as chair of Airways NZ. He will remain on the CAA board but has stepped down as deputy chair to mitigate any potential role conflict.
CAA chair Mark Darrow said: “Mike’s leadership background and broad sector experience will strengthen the board’s oversight and strategic capability at an important time for CAA.”
The CAA board has two other new appointments. Like Schubert, Peter O’Regan was appointed on a three-year term, from October 8 to September 30, 2028.
Mel Templeton was appointed to a three-year term, from May 26, 2026, to April 30, 2029.
Changes at top of Airways NZ board
The board of Airways New Zealand, the agency which provides aviation navigation, has a new lineup as two members, including the chair, move on.
Deputy chair Darin Cusack steps up from October 31 to replace Denise Church. The deputy’s position will be filled by Danny Tuato’o.
As a result, Cusack loses his position as deputy chair of the Civil Aviation Authority board, though he remains a member. He has held chief executive and senior executive roles in airport, air navigation, aviation security, and airline organisations. He joined the Airways board in April 2018.
Tuato’o has strong legal, leadership and governance expertise. He was appointed to the board in July 2023.
Chief executive James Young said the new appointments came at a pivotal time for Airways as it looked to the future and prepared to meet the opportunities and challenges facing the aviation system.
Mark Hutchinson also steps down from the board on October 30.
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