After more than half a century involved with Australian-listed chemical company Nufarm, chairman Kerry Hoggard has resigned.
In a brief statement today, the company announced Mr Hoggard was retiring immediately due to ill health.
The board was meeting late today to elect a new chairman with an announcement due prior to the market opening tomorrow.
Valued on the NBR Rich List last year at $80 million, Mr Hoggard was today resting at home after throat surgery.
A decade ago Mr Hoggard was accused by the Securities Commission of insider trading during his tenure as chairman of Fletcher Challenge.
The case against him was settled in 2002 without a court ruling.
This article is tagged with the following keywords. Find out more about MyNBR Tags
Most listened to
- TEU’s Sandra Grey and NZ Initiative's Oliver Hartwich on whether the UoA should be a funder or member of the NZ Initiative
- Houzz's Jason Chuck says there was plenty of demand in New Zealand for Houzz
- Nevil Gibson examines what it takes to become a high-growth company in his latest Editor’s Insight
- MediaWorks' Bravo NZ deal a "case of 2+2 being more than simply Four" - Mark Weldon
- My Food Bag co-chief executive Cecilia Robinson discusses what its capital restructure might be made of