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


Neil Craig Becomes Comvita's New Chairman

News Release
For Immediate Release
September 26, 2005

Neil Craig Becomes Comvita's New Chairman

Neil Craig is the new Chairman of the natural health food company Comvita Limited.

Craig, Executive Chairman of ABN Amro Craigs Limited, takes over the role from Bill Bracks on October 1.

Bracks, who came to Comvita in 1991 as a consultant for three days and stayed 15 years, has been Chair since the first board was formally established in 1997. He will continue as a board member. Since 1991, the firm's annual turnover has grown from $1.5 million to $30 million.

Craig became a Comvita director in April 2005, having been an alternate director since 2002. He has been a shareholder since 1997. ABN Amro Craigs managed Comvita's float on the NZAX in November 2003.

Craig holds a number of private company directorships in the kiwifruit industry including Opotiki Packaging & Coolstorage Limited, Punchbowl Coolstores Limited and Kiwifruit International Limited. He has been a director on the New Zealand Stock Exchange, Mighty River Power and TrustBank Bay of Plenty Limited.

The ABN Amro Craig company has grown from an original firm started by Craig at Whakatane in 1984. The firm now has 13 offices nationwide, employing 200 people.

Bracks says Comvita's board chose Craig because, apart from his interest in the firm from the outset, he has widespread investment and commercial skills.

Craig says Bracks has used very strong governance skills and a high level of marketing vision to position Comvita as a strong international marketer, and to put Comvita into the public arena.

"Now it has marketing channels and the structure which make it ready for a new phase of growth. I think this will be through both acquisitions and internal growth," Craig says.

Comvita last month won its second Food Exporter of the Year award, and is pursuing a planned strategy to change from being an 'exporter' to an 'international marketer' of natural health products and health solutions.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Barfoot & Thompson: Auckland Rental Prices Inch Up Again, But Upward Trend Could Ease In Coming Months

Data from nearly 16,000 rental properties managed by real estate agency Barfoot & Thompson shows Auckland’s average weekly rent rose by $6.12 (or 1 percent) during the second quarter... More>>

ComCom: Draft Report Says Regulatory System Favours Established Building Products
The Commerce Commission’s draft report into competition in the residential building supplies industry has identified two main factors negatively impacting competition... More>>

Statistics: Annual Wage Inflation Rises To 3.4 Percent
Wage inflation, measured by the labour cost index (LCI), was 3.4 percent in the year ended June 2022, while average ordinary time hourly earnings rose 6.4 percent, Stats NZ said today... More>>


Heartland: Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement

Heartland has seen a significant increase in Reverse Mortgages being used to repay debt. Among the most affected by the increasing living costs are retirees, many of whom are trying to get by on NZ Super alone... More>>

APEC: Region’s Growth To Slow Amid Uncertainties And Crises
Economic growth in the APEC region is expected to slow this year amid soaring inflation, a protracted war in Ukraine and heightened uncertainties, on top of the continuing impact of the pandemic and virus mutations that are draining resources, according to a new report by the APEC Policy Support Unit... More>>

Financial Markets Authority: Survey Sheds Light On New Zealanders’ Experiences With Financial Sector
Most New Zealanders are confident in their ability to make financial decisions, but only one-fifth say they are in a secure financial position... More>>