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

 


Horizon names Anderson acting CFO after Todd Campbell leaves

Horizon Energy names John Anderson as acting CFO after departure of Todd Campbell

By Suze Metherell

March 25 (BusinessDesk) – Horizon Energy, the Bay of Plenty lines company, named John Anderson as acting chief financial officer after announcing the departure of Todd Campbell in mid-April.

Campbell joined Horizon Energy in 2009, from Levin-based lines company Electra. Anderson, former chief financial officer at the Lines Company will act in the role and as company secretary in the interim, Whakatane-based Horizon said today.

The company cut its annual earnings last year after its exposure to the collapse of Mainzeal Property and Construction. Horizon was owed money from Mainzeal sub-contractor Aquaheat, which it acquired in September 2012. Net profit rose 64 percent to $4.19 million for the six months ended Sept. 30.

The shares were unchanged at $3.20, and have declined 4.8 percent over the past 12 months, compared to a rise of 7.6 across the NZX All Share Index. Eastern Bays Energy Trust has a 77 percent stake in the company, according to its half-year results and the tightly held stock has traded six times this year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Oceans: NZ Jumps Into International Shark Agreement

New Zealand has boosted the protection of sharks by signing the Memorandum of Understanding on the Conservation of Migratory Sharks. More>>

ALSO:

Insurance: EQC To Double Payout, Scrap Contents Insurance

New Zealand’s Earthquake Commission may double its payout amount, scrap contents insurance and process claims through private insurers under the government’s long-running review of funding and management of the state-run earthquake insurer. More>>

ALSO:

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news