HBY
05/06/2014 15:20
DIRECTOR
REL: 1520 HRS Hellaby Holdings Limited
DIRECTOR: HBY: Hellaby Holdings announces its next chairman
Hellaby Holdings Limited - NZX / Media Release 5 June 2014
Hellaby Holdings announces its next chairman
Investment company Hellaby Holdings today announced the appointment of Steve
Smith to become the next chair of its board when current chairman John
Maasland retires later this year.
As signalled to shareholders at the company's last annual meeting, Mr
Maasland will retire from the Hellaby board at the conclusion of this year's
annual meeting in October 2014.
Mr Smith is a professional director, and was appointed to the Hellaby board
in 2008 as a non-executive director. He is chairman of Spanbild Holdings and
Pascaro Investments, and his current directorships include Fulton Hogan, Rimu
S.A. (Chile) and NZX-listed Tower. Mr Smith is a Chartered Accountant and was
previously a partner, Corporate Finance and Investment Banking, with
Pricewaterhouse Coopers.
Mr Maasland has been a Hellaby director since 2008 and chairman since
November 2009. After his retirement in October 2014, the Hellaby board will
consist of the Managing Director and five non-executive directors.
ENDS
For further information please contact
John Williamson
Chief Executive Officer
T +64 9 307 6844
M +64 21 271 4960
Richard Jolly
Chief Financial Officer
T +64 9 307 6844
M +64 27 497 6710
www.hellabyholdings.co.nz
Hellaby at a glance
Hellaby Holdings is an NZX-listed investment holding company, which owns a
diversified portfolio of 15 industrial, distribution and retail businesses.
Our vision is to be a leading Australasian investor, based on the value we
add to our portfolio, the returns we deliver to our shareholders and the
calibre of our people.
Hellaby's core purpose is to generate long-term shareholder value by building
better businesses. We achieve this through a combination of performance
improvement and organic growth in the businesses we own, as well as smart
acquisitions and divestments. We describe this strategy simply as 'Buy,
Build, Harvest'.
Our investment portfolio is structured through five divisions - Oil & Gas
Services, Automotive, Equipment, Packaging and Footwear - with 3,000 people
across New Zealand, Australia, Middle East and North America. We have a
variable investment horizon, and our portfolio will evolve as opportunities
arise in target investment areas.
We actively manage our investments through a lean corporate office, and
decentralise leadership and performance accountabilities to our companies.
We seek to generate total shareholder returns superior to the NZX50.
End CA:00251251 For:HBY Type:DIRECTOR Time:2014-06-05 15:20:08
