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

 


PGG Wrightson CFO Rob Woodgate quits

PGG Wrightson CFO Rob Woodgate quits

By Suze Metherell

Sept. 4 (BusinessDesk) - Rob Woodgate has resigned as chief financial officer at PGG Wrightson, the rural services firm controlled by China’s Agria Corp.

Woodgate will leave in November after more than five years, the majority of which was as chief financial officer, the Christchuch-based company said in a statement. The company said Woodgate is leaving to pursue other career options which it didn't detail, and it has yet to find a replacement.

"Rob joined PGW in April 2009 and stepped into a business considerably different to the one we have today," said chief executive Mark Dewdney. "Over this period he has worked closely with the board and management and been central to reshaping the financial position and strategy of the business. He has been part of a significant turnaround in fortunes for PGW."

Last month PGW said operating earnings before interest, tax, depreciation and amortisation was $58.7 million in the 12 months ended June 30, beating the guidance it gave in June and exceeding the $57 million forecast by Forsyth Barr. At the time the company refrained from giving guidance for the current year, saying it will wait until its annual meeting in October, given the volatility in dairy prices and the potential impact on customers. Still, it said the outlook for its core sheep, beef, arable, horticulture and viticulture markets “is positive” and the company plans to “put more emphasis on the dairy, water and agronomy sectors in New Zealand.”

Shares of PGW fell 1.2 percent to 40 cents and have gained 3.5 percent since the start of the year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Dairy And Travel Still Our Largest Export Earners

New Zealand earned $2.3 billion more from exports than we spent on imports during the year ended June 2015... total exports of goods and services were $67.5 billion, while total imports were $65.1 billion. More>>

ALSO:

Approval: Air New Zealand And Air China Launch New Alliance Route

Air New Zealand and Air China have today launched joint sales for a new daily direct service between Auckland and Beijing after receiving approval from New Zealand Minister of Transport Hon Simon Bridges to form a strategic alliance. More>>

ALSO:

Money Trading: FX Trader Jin Yuan Finance Warned Over Lack Of Monitoring

Jin Yuan Finance, an Auckland-based foreign exchange trader, has been warned over its lack of anti-money laundering processes in place in the first public notification by the Department of Internal Affairs. More>>

ALSO:

Auckland Surge, Possible Peak: House Values Accelerate At Fastest Annual Pace In 8 Years

New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. More>>

ALSO:

Cash Money: Reserve Bank Launches New $5 And $10 Banknotes

The $5 and $10 final banknotes were revealed at an event at the Bank in Wellington, and will start to be released from mid-October 2015. More>>

ALSO:

Truck Sales Booted: Commerce Commission Files Charges Against Mobile Trader

The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news