Ann: DIRECTOR: PFI: Susan Peterson Appointed as Independent Director

• Release Date: 24/05/16 09:19
• Summary: DIRECTOR: PFI: Susan Peterson Appointed as Independent Director
• Price Sensitive: No
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					PFI                                                                           
24/05/2016 09:19                                                              
DIRECTOR                                                                      
NOT PRICE SENSITIVE                                                           
REL: 0919 HRS Property for Industry Limited                                   
                                                                              
DIRECTOR: PFI: Susan Peterson Appointed as Independent Director               
                                                                              
SUSAN PETERSON APPOINTED AS INDEPENDENT DIRECTOR                              
                                                                              
NZX listed industrial property landlord Property for Industry Limited (PFI)   
is pleased to announce the appointment of Susan Peterson to the PFI board,    
with effect from today.                                                       
                                                                              
Susan is an independent director of NZX listed Trustpower Limited, Vista      
Group International Limited and Wynyard Group Limited. She is also a director 
of Compac Holdings Limited and The New Zealand Merino Company Limited. Susan  
also chairs the Audit and Risk Committees for a number of these companies.    
                                                                              
In addition to those roles, Susan is a Tribunal Member of the NZ Markets      
Disciplinary Tribunal and a past Ministerial Appointee to The National        
Advisory Council for the Employment of Women. Susan has been a long serving   
member of the Board of IHC and is a Trustee on the Fantail Network Trust.     
                                                                              
Prior to this, her management career included a variety of executive roles at 
ANZ.                                                                          
                                                                              
In welcoming Susan to the PFI board, Chairman Peter Masfen said: "Susan is    
one of a new generation of professional directors being appointed to boards   
of large corporates in New Zealand. We're delighted Susan has agreed to join  
PFI: she brings a fresh perspective and we look forward to her contribution." 
                                                                              
In accordance with NZX Main Board Listing Rule 3.3.2, the PFI board has       
determined that Susan is an independent director.                             
                                                                              
PFI's constitution and the NZX Main Board Listing Rules require that any      
person appointed as a director by the board must retire at the next annual    
meeting, but shall be eligible for election at that meeting. Accordingly,     
Susan will retire and seek election by shareholders at PFI's annual meeting   
on Wednesday, 15 June 2016. A notice of meeting for that meeting will be      
released today.                                                               
                                                                              
Contact                                                                       
For further information please contact:                                       
                                                                              
Simon Woodhams                                                                
General Manager                                                               
Phone: +64 9 303 9652                                                         
Email: [email protected]                                     
                                                                              
Craig Peirce                                                                  
Chief Financial Officer and Company Secretary                                 
Phone: +64 9 303 9651                                                         
Email: [email protected]                                       
                                                                              
About PFI                                                                     
PFI is New Zealand's only listed company specialising in industrial property. 
PFI's portfolio of 84 industrial properties in Auckland, Hamilton, Mount      
Maunganui, Wellington and Christchurch, is leased to 144 tenants.             
                                                                              
www.propertyforindustry.co.nz                                                 
End CA:00282866 For:PFI    Type:DIRECTOR   Time:2016-05-24 09:19:09