CVT
26/04/2016 11:25
DIRECTOR
NOT PRICE SENSITIVE
REL: 1125 HRS Comvita Limited
DIRECTOR: CVT: Comvita Director Resignation
Edward (Ed) Quilty has tendered his resignation from the Board of Comvita
Limited, effective immediately.
Ed was first appointed to be a director of Comvita Limited when Derma
Sciences, Inc., Comvita's USA based woundcare partner, became a significant
shareholder in Comvita in August 2013.
Ed resigned as the Chief Executive Officer of Derma at the end of 2015. With
his resignation from Derma in the US, it was agreed by the Comvita Board that
it was no longer appropriate for Ed to continue as a director on the Comvita
Board.
The Board is grateful to Ed for his contribution, particularly as it related
to keeping an ongoing strong relationship with Derma. Sales of Medihoney
branded woundcare products by Derma to hospitals and professionals now
account for circa US$20m per annum and growing, realising a continuing
royalty stream for Comvita.
Ends
For further information:
Scott Coulter, Comvita CEO, 021 386 988
Neil Craig, Comvita Chairman, 021 731 509
Julie Chadwick, Comvita Communications Manager, 021 510 693
Background information
About Comvita (www.comvita.com)
Comvita (NZX:CVT) is a global natural health company committed to the
development of innovative products, backed by ongoing investment in
scientific research.
End CA:00281316 For:CVT Type:DIRECTOR Time:2016-04-26 11:25:28
