Hellaby Holdings' [NZX: HBY] board has appointed independent director Steve Smith to take over the chair when John Maasland retires at this year's annual meeting in October.
Smith will take over as chairman at the end of the October meeting, when Maasland formally retires, Hellaby said in a statement. Smith, who joined the Hellaby board in 2008, is a professional director who currently sits on the boards of NZX-listed insurer Tower and privately held construction firm Fulton Hogan, and was previously a partner at accounting firm PwC.
Once Maasland retires, the board will consist of five non-executive directors and the managing director, Hellaby said.
The shares increased 0.4 percent to $2.80 today, and have dropped 14 percent this year.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Blame the architects for the building my company is about to destroy
- Loss of Premier League rights reveals limit to Spark's on-demand video ambition
- Rich Lister John Spencer of Caxton paper fame dies
- Smith's latest SHA announcement draws sneers, stinting support
- Market Talk: Why NZ is not immune to global turmoil
Most listened to
- Phil Twyford on why SHAs aren’t a silver bullet for Auckland and Labour’s three point housing plan
- Milford Asset Management's Sam Trethewey with the latest sharemarket news
- First NZ Capital's Chris Green says the housing market may be cooling
- Moody's executives are positive on New Zealand's economy but expect continued depressed dairy prices
- Fitzroy Engineering's Mark Arnold on creating a tropical underwater restaurant