Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


CDL Staff changes

25 May 2005

CDL Staff changes

The country’s largest hotel operator, CDL Hotels New Zealand Limited (“CDL”), today announced that its current Managing Director Mr.Tsang Jat Meng would become the Company’s Chairman effective immediately and that long-serving Independent Director Graham McKenzie would retire with effort from the end of the upcoming Annual Meeting of Shareholders.

Mr. Tsang said that he was very pleased to be appointed as Chairman by the Board. “I was hoping for a quiet retirement”, he joked but added that he was grateful for the trust and confidence shown to him by his fellow Directors. “I thank them for their support. I hope that I am able to repay their confidence by making a valuable and worthwhile contribution to the Company as Chairman,” he said.

Mr.Tsang relinquishes the position of Managing Director with immediate effect. The company indicated that a new Managing Director would be appointed and that an announcement would be made in due course.

The Board paid tribute to Graham McKenzie who advised the Board of his decision to retire at the Company’s Board meeting today. “Graham has been a director since 1999 and we have appreciated having someone with sound commercial and legal knowledge on our Board. We thank him for his service and wish him well for the future”.

Mr. McKenzie thanked the Board for their support and said that he had enjoyed his time as a Director of the Company.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news