NZX rings more changes as PR chief Macrae exits

Stock exchange operator NZX has rung more changes with the exit of head of corporate affairs Rowan Macrae, who is leaving after eight years with the company.

Ms Macrae's resignation was effective from October 31 and is the latest in a series of changes under new chief executive Tim Bennett. She left to "pursue other opportunities", the stock exchange says in a statement.

"Throughout her eight years' service, Rowan has contributed significantly towards the growth of NZX, including with corporate communications, human resources, policy and investor relations," Mr Bennett says.

"NZX wishes Rowan all the best for her future endeavours and thanks her for her contribution to building NZX."

Mr Bennett has stamped his mark on the NZX leadership team since taking the reins in May. Last month he appointed Mandy Simpson has his new head of operations, effective from November 19, having wooed Bevan Miller to take over as chief financial officer.

His management team includes Tony Leggett as head of NZX Agri, David Godfrey as head of IT, Erich Livengood as head of energy and integration, Kathryn Jaggard as head of derivatives, Robin Dey as head of regulation and Ron Storey as head of Australian commodities, according to its website.

Separately, NZX confirmed Chris Moller's resignation as a director to let him focus on his role as chairman of SkyCity Entertainment Group, a move flagged in September.

The shares fell 0.8% to $1.23 in trading on Friday and have climbed 27% this year.

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6 Comments & Questions

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NZX the revolving door for executive continues...
Wonder what the overall culture must be like, still they have sweet office and have a monopoly so can't be too bad

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Inexperience CEO getting rid of the most experience people.

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more like a ceo who is on the ball

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Hardly a revolving door. The Weldon old guard are leaving. Presumably those who were too close to the old boss. Hopefully Bennet keeps these recent appointments for an extended period.

Good to see experienced people with integrity like Ms Dey running regulation.

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It's a fairly complex business mr Bennett has inherited there, while I'm all for a refresh of senior leadership under a new watch, the level of change from board level to senior staff is pretty alarming.

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Think this is right, it is a fairly complex business. Bennett should have kept the most experienced staff for at least a couple of years while he learned what an exchange is.

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NZ Market Snapshot

Forex

Sym Price Change
USD 0.7752 0.0006 0.08%
AUD 0.9522 0.0018 0.19%
EUR 0.6323 -0.0013 -0.21%
GBP 0.4964 0.0007 0.14%
HKD 6.0130 0.0057 0.09%
JPY 92.9050 0.3210 0.35%

Commods

Commodity Price Change Time
Gold Index 1195.4 -2.890 2014-12-19T00:
Oil Brent 61.4 1.580 2014-12-19T00:
Oil Nymex 57.1 2.910 2014-12-19T00:
Silver Index 16.0 0.096 2014-12-19T00:

Indices

Symbol Open High Last %
NZX 50 5527.8 5553.7 5527.8 0.25%
NASDAQ 4759.0 4777.6 4765.4 0.17%
DAX 9827.3 9924.0 9787.0 0.73%
DJI 17812.2 17899.7 17804.8 0.42%
FTSE 6545.3 6620.9 6545.3 0.44%
HKSE 23264.0 23478.9 23116.6 1.26%
NI225 17685.5 17692.6 17621.4 0.08%