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

 


Dr Don Elder resigns as Solid Energy CEO

4 February 2013
Dr Don Elder resigns as Solid Energy CEO

Solid Energy's Chief Executive Officer (CEO), Don Elder, has announced his resignation from the company today, after discussions that have been underway for some time. He has decided to step down immediately as CEO but to remain available to work for the company for a period to assist with a transition.

Dr Elder said that as the company worked its way out of the major global market downturn in 2012, including significant restructuring, the Board would be considering many future changes. He believed it was appropriate, and the right time, for the future direction of the company to be led by a new Chief Executive, and he would support this fully in any way sought by the company.

Chairman Mark Ford said that under Dr Elder's leadership since May 2000 Solid Energy had grown and developed substantially and achieved many successes. The Chairman would like to thank Dr Elder for his 12 years of loyal service to the company.

Dr Elder said his decision was consistent with his belief that the company had a strong future once it worked its way out of the impacts of the market downturn. He wanted to thank the many people in the company who had contributed to its past success and he wished the company every success in the future.

The Board will recruit a new Chief Executive in due course. Garry Diack, previously the company’s Group Manager Organisational Development and Performance, will be the interim CEO until such time as an appointment is made.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

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:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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