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
- MARKET CLOSE: NZ shares gain, led by Chorus, Orion Health, Air NZ while Tower drops again
- Smuggler Marine removes references to Sealegs technology from website
- Nigel Latta only tells half the story on the economy
- SecureCom buys Atmospheric, the Microsoft NZ Partner of the Year gone bust
- 9 Spokes accelerates efforts to get into US
Most listened to
- 9 Spokes CEO Mark Estall on his company's progress since listing.
- BusinessNZ CEO Kirk Hope - Upbeat on the economy, but worried about private debt
- SecureCom director Greg Mikklesen on buying Atmospheric
- Balkan borders and Kashmir killings on Foreign Affairs Scope with Nathan Smith
- Ironically, Trump showed the lack of stamina he had accused Clinton of, says NBR's Rob Hosking