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

 

Owens Group Board Changes


Owens Group Board Changes

The Owens Group today announced changes to its board following Mainfreight Limited's takeover offer being declared unconditional.

The new board will be Bruce Plested (Chairman), Don Braid, Carl Howard-Smith, from Mainfreight, and two existing Owens Group directors, Warren Larsen and Denham Shale. Current Owens Group directors Norman Geary, Rick Bettle, Richard Keddell and Kerry McDonald will resign from the board.

Outgoing Chairman Norman Geary described the logic of the Mainfreight acquisition as "most compelling" and said that the Company looked forward to working with its new major shareholder and the new board to strengthen its performance and build shareholder value.

He said that, after a period of uncertainty, staff were now in a position to proceed with the development and growth of the Owens business.

"The complementary strengths of the two businesses will be good for staff and good for our customers," he said.

The Owens Group will remain a listed company on the New Zealand Stock Exchange.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Consents For New Homes At All-Time High

A record 41,028 new homes have been consented in the year ended March 2021, Stats NZ said today. The previous record for the annual number of new homes consented was 40,025 in the year ended February 1974. “Within 10 years the number of new homes ... More>>

Stats NZ: Unemployment Declines As Underutilisation Rises

The seasonally adjusted unemployment rate decreased to 4.7 percent in the March 2021 quarter, continuing to fall from its recent peak of 5.2 percent in the September 2020 quarter but remaining high compared with recent years, Stats NZ said today. ... More>>

ALSO:

Digitl: The Story Behind Vodafone’s FibreX Court Ruling

Vodafone’s FibreX service was in the news this week. What is the story behind the Fair Trading Act court case? More>>

Reserve Bank: Concerned About New Zealand's Rising House Prices

New Zealand house prices have risen significantly in the past 12 months. This has raised concerns at the Reserve Bank of New Zealand – Te Putea Matua about the risk this poses to financial stability. Central banks responded swiftly to the global ... More>>

Westpac: Announces Strong Financial Result

Westpac New Zealand (Westpac NZ) [i] says a strong half-year financial result has been driven by better than expected economic conditions. Chief Executive David McLean said while the global COVID-19 pandemic was far from over, the financial effect on ... More>>

MYOB: SME Confidence In Economic Performance Still Cautious

New insights from the annual MYOB Business Monitor have shown the SME sector is still cautious about the potential for further economic recovery, with two-in-five (41%) expecting the New Zealand economy to decline this year. The latest research ... More>>