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


Evolve Education appoints Mark Finlay as chief executive

Evolve Education appoints Mark Finlay as chief executive

By Sophie Boot

Nov. 1 (BusinessDesk) - Evolve Education has appointed interim chief executive Mark Finlay to the top role, effectively immediately.

Finlay, a former director and founder and managing director of the Lollipops Educare Group, has been interim CEO since August this year following the resignation of Alan Wham, who left after the early childhood education centre operator warned annual profit would fall as much as 12 percent in the current year.

Chair Alistair Ryan said Finlay has proven abilities in the early childhood education sector, having built a strong franchise with Lollipops Educare. The Evolve board undertook a thorough search process with an external recruitment firm, and Finlay emerged as the best candidate, he said.

"Mark's expertise, energy, and operational effectiveness will be especially beneficial to getting Evolve back on track, to restore momentum in the business, and to recover lost ground," Ryan said in a statement. "His deep operational experience and strong understanding of the sector mean he is extremely well placed to lead the company."

Evolve has been expanding its ECE centre portfolio and now has 126 across the nation, up from just 65 when the company listed in late 2015, raising $132.3 million at $1 a share.

The stock has plunged 25 percent since the profit warning, but rose 1.3 percent to 76 cents today.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

QV: Tax Changes Yet To Dampen Red-Hot Housing Market

Just over a month has passed since the Government announced measures aimed at dampening the rampant growth of the property market, and yet the latest QV House Price Index data shows the market hit a new high in April. The average value increased 8.9% nationally ... More>>

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>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. 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>>