VCT
20/07/2015 11:30
GENERAL
NOT PRICE SENSITIVE
REL: 1130 HRS Vector Limited
GENERAL: VCT: Vector Welcomes Future Director
Vector, New Zealand's largest owner of electricity and gas infrastructure
assets, today announced that Nick Astwick has joined the Board as a "Future
Director".
The "Future Directors" initiative was founded by Vector Chairman, Michael
Stiassny, Sir Stephen Tindall, and Des Hunt. The initiative aims to give
young talented people the opportunity to observe and participate on a company
board for a year while giving the company exposure to this talent and the
benefits a young mind can bring to the boardroom.
Nick Astwick will be Vector's second "Future Director". He follows the very
successful "Future Directorship" of Tony Arthur last year.
"Future Directors" participate as a board member in all aspects but have no
voting rights and will not form part of the quorum of a board meeting.
Nick Astwick is currently Kiwibank's Chief Operating Officer. He is a
talented senior executive, he joined Kiwibank when Kiwibank was still in the
start-up phase and has been a key figure in guiding Kiwibank to becoming
recognised as a NZ big bank while still retaining its challenger culture and
unique brand identity.
"I am pleased to welcome Nick to Vector's Board as a Future Director and look
forward to working with him" said Vector Chairman Michael Stiassny.
Vector would like to thank Hobson Leavy for its assistance with the
appointment of Nick Astwick as a "Future Director".
ENDS
End CA:00267165 For:VCT Type:GENERAL Time:2015-07-20 11:31:00
