Michael Hill International [NZX: MHI], the jewellery chain named for its founder, has appointed Icebreaker executive chairman and former Air New Zealand boss Rob Fyfe as a new director.
The appointment takes the retailer's board to eight directors, of which four, including Fyfe, are independent, the company said in a statement. Fyfe was chief executive of the national carrier between 2005 and 2012, and last year said he was on the hunt for a full-time management position in New Zealand.
In October, Michael Hill said it lifted first-quarter sales 8.7 percent with growth in Australia and Canada after a weak end to the 2013 financial year in what's been weak retail environment for several years.
The shares were unchanged at $1.39 in trading on Friday, having gained 13 percent in 2013. The stock is rated an average 'buy' based on two analyst recommendations compiled by Reuters with a median target price of $1.53.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- MARKET CLOSE: NZ shares advance after RBA inflation forecast lures investors to equities
- NZ dollar gains to two-month high vs Aussie after RBA lowers inflation track
- Sky shares tank on subscriber warning
- Has Uber snookered itself?
- Carry on: Qatar cuts back on A350, Singapore-Air France deal and more
Most listened to
- Listen to the week’s top business news on NBR Radio’s week in review
- Prime Minister John Key would be better off doing the things he tells people he will do, says Matthew Hooton
- Paula Bennett is “thrilled” by the ban on three Wicked Camper vans, says Rodney Hide
- Michael Wigley says Uber may have inadvertently opened itself to action under competition law
- Tim Hunter on the Z Energy-Chevron deal