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

 

Fletcher Challenge Forests Appoints CEO


Fletcher Challenge Forests Appoints Chief Executive Officer

Fletcher Challenge Forests Limited announces that John Dell has been appointed Chief Executive Officer of the Company.

Announcing the changes today, FCF chairman Sir Dryden Spring issued the following statement.

“John Dell’s skills as one of New Zealand’s leading chief financial officers, and his prior experience in finance and business at a senior level, have made a direct and substantial contribution to the new direction the Company is taking. Asking John to assume the Chief Executive Officer’s role in the Company at a pivotal time in its history was, in the Board’s view, a logical decision.

“John and Ian were appointed as Joint Chief Executive Officers last March to plan and initiate the Company’s new strategic direction, while maintaining its forest operational capability. They have successfully done that in difficult trading conditions. The Company had to lift its performance and cope with the additional workload and complexity of the forest sale process. As a team, they led that process successfully”, Sir Dryden said.

That phase of the Company’s evolution has been completed with the agreement reached to sell the forests. …/

John Dell will be responsible for leading a new management team, which will require different skills to transform the Company into a high performing wood products marketing, distribution and processing business. The Directors are satisfied that John Dell will provide that leadership.

Joint Chief Executive Officer Mr Ian Boyd has decided to retire from the Company to pursue other interests, and will leave FCF on 30 June 2004. Until that date Ian Boyd will remain with the Company as Acting Director, Operations.

“I want to express the Company’s appreciation for the 27 years of sterling service that Ian has given the Company, its predecessor Fletcher Challenge Limited, and the forestry industry. He has been instrumental in developing the world-class quality of our forest management and timber processing operations. We thank him for his contribution and wish him and his family every happiness as he takes his leave from us.”

Commenting on his appointment as Chief Executive Officer, John Dell said he welcomed the challenge.

“The Company is moving into a new phase in its development, where we will have the opportunity to realise significant value for shareholders and create new value by restructuring our activities. That’s a very welcome challenge”, he said.

John Dell joined Fletcher Challenge Forests Limited in 2001. John previously held a number of roles within Air New Zealand including Chief Financial Officer. Prior to joining Air New Zealand he was a Senior Audit Manager for KPMG based in Wellington, Melbourne, Zurich and New York. John has a Bachelor of Commerce (Honours) degree from the University of


© 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>>