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New Chief Executive to Lead Oxygen

Carter Holt Harvey today announced the appointment of Mike Smith, formerly of Jade Software Corporation, as the new Chief Executive of Oxygen Business Solutions.

CHH Chief Financial Officer Jonathan Mason says the appointment signals the company’s commitment to developing Oxygen into a robust specialist IT business, and a key player in the IT industry.

“We are delighted to have someone of Mike’s calibre and experience to lead the business. This appointment comes at a time when Oxygen is firmly focussed on growth opportunities and moving into international IT markets”.

Prior to his four years with Jade Mr Smith was with IBM NZ for 12 years. At the time of leaving IBM he was in a senior business development role focussed on strategic alliances, mergers and acquisitions.

Mr Smith takes up his position of CE Oxygen on 8 July 2002.

ENDS

For further information please contact:
Stuart Dickinson – Manager – Marketing Communications
Telephone: +64 9 6330678, +64 25 974616

Email: stuart.dickinson@oxygenforbusiness.com

About Oxygen
Oxygen Business Solutions is one of the leading specialist SAP outsourcing, service and implementation companies in the South Pacific Region. Over 200 staff provide services and support to 3000 SAP users at 180 customer sites in four countries.

Oxygen works to drive down SAP costs for its customers, while improving user satisfaction, and unlocking business improvement. Customer benefits are measured and documented.

Oxygen is a business venture of Carter Holt Harvey, one of Australasia’s leading companies with diverse interests in wood products, tissue, forestry, manufacturing, pulp and paper, venture capital and human resources.

See www.oxygenforbusiness.com for more information.

About Carter Holt Harvey
Carter Holt Harvey (www.chh.com) is a leading Australasian company, with diverse interests in wood products, tissue, forestry,
manufacturing, pulp and paper, information technology, venture capital and human resources. With a head office based in Auckland,
New Zealand, the company employs 10,000 people directly. Leading Carter Holt Harvey brands include Sorbent, Deeko, Treasures,
Libra, Customwood, Pinex and Bestwood.

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