NZ Oil and Gas chairman Radford to step down after AGM

New Zealand Oil & Gas founding chairman Tony Radford

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.


5 ยท 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

Post Comment

5 Comments & Questions

Commenter icon key: Subscriber Verified

The shares sank?????

They went ex a welcome dividend Mr Editor

Reply
Share
  • 0
  • 0

This is a wise decision and great succession. Radford has given his working life to this Company and his knowledge is not lost to the Board.

Reply
Share
  • 0
  • 0

Past his used-by-date long time ago.

Good riddance.

Reply
Share
  • 0
  • 0

NZO is a definite BUY now!!
Well under break up value, just have to apply a discount for poor management decisions. They should be sticking to there name - invest in NZ oil assets near Taranaki & Canterbury - Indonesia and Tunisa are a waste of money.

Reply
Share
  • 0
  • 0

Radford should have resigned years ago. His procrastination ruined nzog.

Reply
Share
  • 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

Forex

Sym Price Change
USD 0.7019 -0.0025 -0.35%
AUD 0.9418 0.0022 0.23%
EUR 0.6259 -0.0013 -0.21%
GBP 0.5426 -0.0003 -0.06%
HKD 5.4685 -0.0178 -0.32%
JPY 78.4570 -0.1210 -0.15%

Commods

Commodity Price Change Time
Gold Index 1256.4 -2.470 2017-05-25T00:
Oil Brent 51.8 -2.520 2017-05-25T00:
Oil Nymex 48.9 -2.480 2017-05-25T00:
Silver Index 17.2 0.070 2017-05-25T00:

Indices

Symbol Open High Last %
NZX 50 7434.5 7434.5 7434.5 -0.04%
NASDAQ 6183.0 6217.3 6163.0 0.69%
DAX 12693.8 12697.7 12642.9 -0.17%
DJI 21063.0 21112.3 21012.4 0.34%
FTSE 7514.9 7529.7 7514.9 0.04%
HKSE 25511.5 25680.7 25428.5 0.80%
NI225 19737.2 19850.9 19743.0 0.36%
ASX 5789.6 5789.6 5789.6 -0.12%