Postie Plus says Ron Boskill to step down after seven years

BUSINESSDESK: Postie Plus Group says chief executive Ron Boskell will step down in January after seven years leading the clothing retailer.

Mr Boskell is leaving "to make way for further renewal in the management team" as it works to extend the Postie brand and looks at acquisitions, the company says.

"The right time to leave is with the transformation of the retail chain into a modern, exciting retailer well advanced," Mr Boskell says.

He is currently overseeing the relocation of the company's headquarters to Auckland from Christchurch to be closer to customers and growth markets, and completing a restructure of the executive leadership team.

The shares last traded on the NZX at 22 cents and have fallen 15% this year.

In May, the company disclosed it was in breach of a banking covenant under its arrangements with Bank of New Zealand, the same month as shareholders approved the sale of its Babycity chain.

First-half sales fell 4.6% to $54 million, resulting in a small net loss.

1 · 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

1 Comment & Question

Commenter icon key: Subscriber Verified

The Company has been a disaster. perhaps the change should have been made earlier (that may be unfair without knowing the reasons for the poor performance).

  • 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


Sym Price Change
USD 0.6530 0.0000 0.00%
AUD 0.9072 0.0000 0.00%
EUR 0.6160 0.0000 0.00%
GBP 0.4339 0.0000 0.00%
HKD 5.0628 0.0000 0.00%
JPY 80.1490 0.0000 0.00%


Commodity Price Change Time
Gold Index 1056.2 -13.650 2015-11-27T00:
Oil Brent 45.2 -0.320 2015-11-27T00:
Oil Nymex 41.8 -1.230 2015-11-27T00:
Silver Index 14.0 -0.150 2015-11-27T00:


Symbol Open High Last %
NZX 50 6087.9 6103.4 6087.9 0.22%
NASDAQ 5121.9 5134.4 5116.1 0.22%
DAX 11277.9 11354.0 11320.8 -0.24%
DJI 17806.0 17830.4 17813.4 -0.08%
FTSE 6393.1 6393.1 6393.1 -0.28%
HKSE 22555.4 22555.4 22488.9 -1.87%
NI225 19994.0 19994.0 19944.4 -0.30%