LIC
22/10/2014 14:08
DIRECTOR
REL: 1408 HRS Livestock Improvement Corporation Limited (NS)
DIRECTOR: LIC: New director appointed to LIC board
New director appointed to LIC board
LIC has appointed Abigail (Abby) Foote as an independent director to its
Board, effective immediately.
Abby replaces Jason Dale, who has retired after six years on the LIC Board
(two terms).
LIC shareholders ratified Abby's appointment at the farmer-owner
co-operative's Annual Meeting today, Wednesday 22 October 2014.
Speaking at AGM, Chairman Murray King said the Board and Shareholder Council
unanimously recommended Abby's appointment for a three-year term.
"With qualifications in both law and accounting, Abby's career has straddled
both disciplines, focusing on corporate finance and commercial transactions.
"She has a breadth of experience in a number of diverse areas including
mergers and acquisitions, treasury and structured finance transactions,
telecommunications, management of large projects and strategic development
and implementation."
Abby is currently a director and Chair of the Audit and Risk Committees of Z
Energy Limited, BNZ Life Insurance Limited and the New Zealand Local
Government Funding Agency and is a director of Transpower New Zealand
Limited.
Abby will chair LIC's Audit, Finance and Risk Committee.
Murray King also acknowledged Jason Dale's contribution since his appointment
in 2008.
"I want to express our thanks to Jason for his skill and diligence in
chairing LIC's Audit, Finance and Risk committee."
The LIC Board is made up of seven farmer elected directors, and three
independent directors. Other resolutions passed at the Annual Meeting include
the reappointment of external auditor KMPG, and the approval of the
Shareholder Council's budget.
ENDS
Media: Ashleigh Sattler, Senior Communications Advisor - [email protected]
or 027 617 1942
Investors: Gillian Brennan, Company Secretary - [email protected] or 027 295
5215.
End CA:00256705 For:LIC Type:DIRECTOR Time:2014-10-22 14:08:33
(20min delay)