BUSINESSDESK: New Zealand Oil & Gas founding chairman Tony Radford will step down after next month's annual meeting and will be replaced by fellow director Peter Griffiths.
Mr Radford will stay on the board of the oil and gas explorer, having led the company's governance for more than three decades, the company says.
Incoming chairman Mr Griffiths joined NZOG's board in 2009 after a 21-year career with BP, including a decade in charge of the oil company's New Zealand business.
He also sits on the boards of the Civil Aviation Authority, Northland Port, Wanganui Gas, New Zealand Diving and Salvage, and Z Energy.
The shares sank 5.6% to 85 cents, and have climbed 31% this year.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Soccer shocker: beIN won't launch standalone streaming service in NZ
- No foundation for fears programme closure will adversely impact exports – Callaghan
- Vista shares down 7% on higher expectations
- Liquidator alarmed by asset forfeitures
- Science or Snake Oil: is A2 milk better for you than regular cow’s milk?
Most listened to
- Business Week in Review with Grant Walker & Andrew Patterson
- “Cut the cuteness about cannabis reform” - Matthew Hooton
- Rodney Hide thinks Winston Peters will be the future Maori king
- Ethical investment in Kiwisaver - David Cohen vs. Matt Nippert
- Hunter’s Corner: Time for a line in the copyright sand