Wool marketer NZ Merino has appointed Roger Nuttall as its new chief financial officer.
Nuttall - who comes from a CFO position with Conhla Vet Ltd - was also previously head of group finance and treasury at Ryman Healthcare and a director for KPMG.
He was said to have played a "pivotal role" in Ryman's $902 million capital raise last year and led the diversification of over $1 billion in funding from bank debt to other sources.
Nuttall has over 20 years experience in corporate and professional services roles in New Zealand and the United Kingdom.
He will start his new role with NZ Merino on August 5 and takes the place of former CFO Peter Floris who left the business in April.
Air New Zealand director Paul Goulter has advised the airline that he will retire from the board due to increasing work load and commitments in his role as CEO of the NZ Nurses Organisation.
Goulter will retire at the next annual shareholders meeting to be held in Christchurch on September 26.
Air NZ chair Dame Therese Walsh noted that Goulter had made a significant contribution in his nearly-three years on the board, and that his deep industrial relations experience and insights had been invaluable, particularly on the airline’s people, remuneration, and diversity committee.
Air New Zealand said it would advise the market of a replacement director in due course.
New Zealand’s southernmost port, South Port – located in Bluff Harbour – said high bulk and containerised cargo volumes late in the last quarter would improve full-year earnings to between $8.3 million and $9m.
In February, in tandem with the release of its interim numbers, the Bluff terminal said it expected earnings to come in at between $7.3m and $8m.
Chief executive Nigel Gear said the result was pleasing and it also offset the impact of the removal of deductibility of depreciation on commercial buildings, an accounting change that will affect ‘infrastructure-heavy’ businesses such as ports the most. Gear said the depreciation change will see a one-off deferred tax expense of about $900,000 for the current financial year.
The jump in cargo volumes, alongside the extension of the life of the nearby New Zealand Aluminium Smelter, is a positive end to what has been a "challenging" year for the company, Gear said.