Dunedin City Holdings Limited Appoints New Directors

Dunedin City Holdings Limited Appoints New Directors to City Forests Limited

Dunedin (Friday 20 December, 2013) - Dunedin City Holdings Limited has appointed Mr Mike Horne and Mr Tim Mepham as directors of its subsidiary company City Forests Limited.

Mr Mike Horne has been an accounting and advisory partner for Deloitte since 2002. He is currently the Chairman of Escea Limited, a director of The Palmer MH Group of companies and director of a number of early stage high growth potential businesses.

Mr Tim Mepham has held senior management roles at Fisher and Paykel and Natural History NZ Limited but brings experience of the forestry industry as a former CFO of Southern Cross Forest Products. He is also a director of Presbyterian Support Otago.

These appointments have been made following the retirement of two long serving directors, Mr Ross Liddell, a member of the board for thirteen years and chair throughout that time, and Mr Mike Coburn, a director for ten years.

City Forests Limited performed strongly in the year to 30 June 2013. The Chair of Dunedin City Holdings Limited, Mr Graham Crombie, commented that “The new directors will complement the skills of the two continuing directors and ensure that the board is well positioned to continue the company’s pattern of growth.”

Dunedin City Holdings Limited has also announced the appointment of Mr John Gallaher, a continuing director, as Chair of City Forests Limited.

ENDS

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