Sir John Anderson steps down from NZME and T&G Global boards

NZME said it has a board renewal process underway.

Veteran director Sir John Anderson is stepping down from the boards of NZME and T&G Global over the next fortnight.

Sir John announced his retirement from both boards today, leaving NZME from Dec. 8 and T&G from Dec. 14. He had already scaled back his duties at public companies in the past year, leaving the boards of ASX-listed Commonwealth Bank of Australia in December, NZX-listed listed property investor NPT in March, and steel products maker Steel & Tube in February.

The former head of ANZ National Bank, Sir John chaired the NZME board through its demerger from ASX-listed APN News & Media last year and has been on the T&G board since 2012.

NZME said it has a board renewal process underway and will appoint another independent director before Sir John's retirement, and will name a new chair in the coming days.

Both NZME and T&G thanked him for his "significant contribution" and wished him well for his retirement.

NZME shares were unchanged at 89 cents, while T&G stock last traded at $3.45.