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Hellaby Holdings announces its next chairman

Hellaby Holdings announces its next chairman

NEWS RELEASE: 5 June 2014

Investment company Hellaby Holdings today announced the appointment of Steve Smith to become the next chair of its board when current chairman John Maasland retires later this year.

As signalled to shareholders at the company’s last annual meeting, Mr Maasland will retire from the Hellaby board at the conclusion of this year’s annual meeting in October 2014.

Mr Smith is a professional director, and was appointed to the Hellaby board in 2008 as a non-executive director. He is chairman of Spanbild Holdings and Pascaro Investments, and his current directorships include Fulton Hogan, Rimu S.A. (Chile) and NZX-listed Tower. Mr Smith is a Chartered Accountant and was previously a partner, Corporate Finance and Investment Banking, with Pricewaterhouse Coopers.

Mr Maasland has been a Hellaby director since 2008 and chairman since November 2009. After his retirement in October 2014, the Hellaby board will consist of the Managing Director and five non-executive directors.

ends

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