State-controlled electricity generator and retailer MightyRiverPower [NZX: MRP] has attracted one of New Zealand's most globally experienced marketing experts, Andy Lark, to its board, adding heft following the signing of former Transpower chief executive, Patrick Strange, to governance duties earlier this year.
Awarded the inaugural New Zealander of the Year Award, Lark served as chief marketing officer for US online computer retailer Dell, and more recently as CMO at the Commonwealth Bank of Australia, the country's largest.
He is already a director of NZX-listed retail data analytics firm SLI Software and of the venture capital fund, No 8 Ventures.
"At a time when we are seeing opportunities in our industry to innovate and use technology to drive benefits for consumers, it is fantastic to have a Kiwi joining our Board with this sort of global experience in marketing and online across business-to-business and consumer sectors, as well as a strong record in emerging technologies," MightyRiverPower chairwoman Joan Withers said in a statement.
Lark's appointment returned the MRP board to an "appropriate complement" of eight directors. Lark and Strange will require re-election by shareholders at MRP's second annual meeting since 49 percent of the company was privatised in a share float in May 2013.
MRP shares were trading unchanged at $2.26 on the NZX this morning, compared with $2.34 a year ago and a listing price of $2.50.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Kiwi migration at lowest level in 30 years
- Spark-Netflix deal could backfire: lawyer
- Minter Ellison invests $2m in artificial intelligence technology to replace lawyers
- Veritas shares rise on profitable half-year, debt plan before bank
- Employers back PM's comments on drugs stopping young people from getting jobs
Most listened to
- AWF Madison chief executive Simon Bennett says young Kiwis not being able to pass a drug test is “reasonably significant.”
- Scales boss Andy Bowland explains why the board lifted annual guidance again
- Join OMF's Phillip Lindberg and NBR's Andrew Patterson for Currency Talk
- Otago University Professor Andrew Geddis on how election campaigns will change
- Hamilton Hindin Greene's Jeremy Sullivan on why Spark did a deal with Netflix