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
- iPredict closing down due to money laundering risk
- Serco's prison report challenge: Hide and Davis go head-to-head
- Xero directors Drury, Winkler and Morgan cash in on 35% share price rally
- Tech expert's complaint about 'snake oil' ad upheld
- Dunne warns of 'consequences' if Maori Party supports RMA reform
Most listened to
- “A very ballsy thing to do” – Rodney Hide and Kelvin Davis discuss Serco’s response to Correction’s Mt Eden Prison report
- “The response from shareholders has been overwhelming” — A2 Corporation chief executive Geoff Babidge
- Greg Gent says a board of 13 people is "prehistoric"
- Arvida CEO Bill McDonald on his company's half-year net profit
- Lance Wiggs on the future of food exports
- Auckland Councillor Chris Darby on the Council's alternative funding report
- Nevil Gibson discusses his latest Editor's Insight on oil prices
- Campbell Gibson, Nick Grant and Chelsea Armitage chat about the inner workings of New Zealand media
- Paul Brislen discusses the 'snake oil' sales tactics of SalesConcepts
- Fonterra chief executive Theo Spierings reveals his ambitious China plan
- UDC Finance chief executive Wayne Percival talks about the company's profit
- Hamish McNicol discusses the latest court stories