Brierley steps down as GPG chairman
Guinness Peat Group (GPG) has announced Sir Ron Brierley will be retiring as chairman at the close of business today, to be replaced by Mark Johnson.Sir Ron will stay on with the company as an independent director.He said, “I am delighted that Mark
Niko Kloeten
Fri, 10 Dec 2010
Guinness Peat Group (GPG) has announced Sir Ron Brierley will be retiring as chairman at the close of business today, to be replaced by Mark Johnson.
Sir Ron will stay on with the company as an independent director.
He said, “I am delighted that Mark has accepted the board's invitation to become the next chairman of GPG.
“He has extensive experience and is highly regarded within the international business community.”
Mr Johnson thanked Sir Ron for his “immense contribution to GPG” during his 20 years as chairman.
He also said, “As announced on 22 September 2010, an independent sub-committee of the Board has been formed to evaluate all strategic options to maximise value for shareholders.
“The independent sub-committee continues to evaluate GPG's strategic options.
“GPG has also now established fully operational audit and risk, remuneration, and investment committees consisting of non-executive directors.
“We look forward to updating shareholders on the progress of our review of strategic options when the company releases its preliminary results in February.”
Niko Kloeten
Fri, 10 Dec 2010
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