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

 

Steadfast Non-Executive Director Jonathan Upton Retires

Steadfast Non-Executive Director Jonathan Upton Retires

Steadfast Group Limited (Steadfast) (ASX: SDF) today announced that Jonathan Upton, who is retiring by rotation at Steadfast’s upcoming annual general meeting on 29 October 2014, will not stand for re-election as a director of Steadfast Group.

Mr Upton was appointed to the Steadfast Group board in 2005 as a non-executive director and served on the Nomination, Audit & Risk and Remuneration & Succession Planning Committees. For the past 34 years, he has been running his own business, Steadfast IRS, a Steadfast equity owned broker and a Steadfast Sydney hub. Steadfast Group recently increased its shareholding in Steadfast IRS from 49% to 80% following the hubbing of two Sydney brokers into Steadfast IRS.

Mr Upton said, “I have been honoured to serve as a director of Steadfast Group over nine years and in particular to represent the Steadfast equity brokers pre and post the Company’s initial public offering. My decision to step down from the Steadfast Group board is in line with good corporate governance in light of my interests in Steadfast IRS and the increased shareholding of Steadfast Group ".

Frank O’Halloran, Chairman of Steadfast Group said “We are grateful for the commitment Jonathan has shown to the Steadfast Group board, particularly in preparing the Group for the IPO. He has provided us with tremendous insights into how the Steadfast Network Brokers operate and how to improve both their revenues and profits. On behalf of the Board, Management and the Steadfast Network, I thank Jonathan for the very important contribution to the growth and success of Steadfast Group over the past ten years. Jonathan will join the Boards of Steadfast Underwriting Agencies and Steadfast Insurance Brokers."

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Auckland: Quarterly Update: Rents Stable During Third Quarter

The average weekly rent for a home in Auckland moved less than $1 during the third quarter, ending 30 September at $606.25, according to data from more than 16,000 rental properties managed by Barfoot & Thompson... More>>



Electricity Authority: Review Of Competition In The Wholesale Electricity Market Raises Questions

In March 2021 the Electricity Authority announced it would conduct a review into competition in the wholesale electricity market. The period of the review covers the sustained elevated electricity prices since an unplanned outage at the Pohokura gas facility in Spring 2018... More>>


Government: RSI ‘State Of The Nation’ Report Published
latest research, science and innovation system report card is now available, and outlines how the system is performing, Research, Science and Innovation Minister Megan Woods has announced. “The report seeks to increase transparency, act as a reliable data source and stimulate discussion... More>>


LAWA: New Zealand Lakes Are Diverse In Their Condition And Type

Freshwater scientists have come together through the Land, Air, Water Aotearoa (LAWA) project to summarise the condition of New Zealand’s monitored lakes. They have found a varied picture of lake condition... More>>



Pamu & Westpac: Market-leading Sustainability-Linked Loan

Westpac NZ and Pāmu have signed New Zealand’s most comprehensive Sustainability-Linked Loan to date, also the largest in the agricultural sector, and the first involving a state-owned enterprise. Pāmu, also known as Landcorp, is New Zealand’s biggest farming business. It will borrow $85m from Westpac NZ over three years... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>