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

 


Kordia chief executive departs in March

Kordia chief executive departs in March

Jan.22 (BusinessDesk) - State-owned communications company Kordia says chief executive Geoff Hunt is leaving at the end of March.

The departure comes after the company merged its two New Zealand telecommunications businesses with internet service provider Orcon, creating Kordia New Zealand.

Orcon boss Scott Bartlett is leading Kordia New Zealand and he and Peter Robson, the boss of Kordia Solutions Australia, will now report directly to the board, as will chief financial officer Shaun Rendell.

"Now that both businesses are performing well, it makes sense that they each now report directly to the Kordia board," Mr Hunt, who was recruited in 2005, said.

Kordia New Zealand will have total annual sales just under $200 million, a level being achieved by the Australian business.

Chairman David Clarke said Mr Hunt led a comprehensive broadcast-to-broadband transformation of the company.

In 2012, Kordia posted a record net profit after tax of $12.1 million, which compared to a loss of $14.7 million the previous year.

The provider of television broadcast services was valued at $144.1 million in an analysis of state-owned assets by published by Treasury last week.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news