New GPG chairman
The new chairman of investment company Guinness Peat Group is Rob Campbell, who chaired the independent board committee which recommended an orderly value realisation of GPG's portfolio.
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The new chairman of investment company Guinness Peat Group is Rob Campbell, who chaired the independent board committee which recommended an orderly value realisation of GPG's portfolio.
He replaces Mark Johnson who took over the position last December with the retirement of Sir Ron Brierley.
Last week, the company said Mr Johnson would not be standing for election at the annual meeting in June.
He had joined the board last September to help GPG develop its response to a fast changing marketplace, GPG said.
With the company's new direction now in place, the role of chairman would be somewhat different, with an emphasis on asset realisation and an orderly wind down of activities.
Mr Johnson felt that with his other commitments and priorities it was in GPG's interests for him to stand down.
At the same time it made that announcement, GPG advised Sir Ron's long serving Sydney-based business associate Gary Weiss had resigned as an executive director.
Today GPG also said it had decided its plan could be achieved with its existing resources and was not proceeding with the search for an external senior executive.
A process has started to select someone based in Australia to replace Mr Johnson as an independent non-executive director.
NZPA
Wed, 06 Apr 2011
Wed, 06 Apr 2011
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New GPG chairman
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