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.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Peter Jackson, Kim Dotcom, Cliff Curtis feature in latest batch of leaked Sony emails
- HBO sends cut-off threat to NZ, Aussie HBO NOW users
- Treasury at odds with Reserve Bank over CGT
- Maori left out of water debate for far too long – Te Ururoa Flavell
- Bluelab Corp to spend growth grant on taking new product to market