NZ Oil and Gas chairman Radford to step down after AGM

New Zealand Oil & Gas founding chairman Tony Radford

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

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.


5 · Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Post Comment

5 Comments & Questions

Commenter icon key: Subscriber Verified

The shares sank?????

They went ex a welcome dividend Mr Editor

Reply
Share
  • 0
  • 0

This is a wise decision and great succession. Radford has given his working life to this Company and his knowledge is not lost to the Board.

Reply
Share
  • 0
  • 0

Past his used-by-date long time ago.

Good riddance.

Reply
Share
  • 0
  • 0

NZO is a definite BUY now!!
Well under break up value, just have to apply a discount for poor management decisions. They should be sticking to there name - invest in NZ oil assets near Taranaki & Canterbury - Indonesia and Tunisa are a waste of money.

Reply
Share
  • 0
  • 0

Radford should have resigned years ago. His procrastination ruined nzog.

Reply
Share
  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6366 -0.0003 -0.05%
AUD 0.9067 0.0029 0.32%
EUR 0.5673 -0.0008 -0.14%
GBP 0.4160 -0.0001 -0.02%
HKD 4.9333 -0.0028 -0.06%
JPY 76.7270 -0.0890 -0.12%

Commods

Commodity Price Change Time
Gold Index 1133.1 -6.200 2015-09-02T00:
Oil Brent 51.3 0.930 2015-09-02T00:
Oil Nymex 46.9 0.840 2015-09-02T00:
Silver Index 14.7 0.050 2015-09-02T00:

Indices

Symbol Open High Last %
NZX 50 5590.2 5633.4 5590.2 -0.16%
NASDAQ 4704.4 4750.0 4636.1 2.46%
DAX 10060.3 10122.3 10015.6 0.32%
DJI 16058.4 16352.6 16058.4 1.82%
FTSE 6058.5 6161.7 6058.5 0.41%
HKSE 21101.4 21288.5 21185.4 -1.18%
NI225 17861.8 18467.4 18489.2 -2.13%