Ann: DIRECTOR: NZX: NZX ANNOUNCES BOARD CHANGES

• Release Date: 28/09/12 11:39
• Summary: DIRECTOR: NZX: NZX ANNOUNCES BOARD CHANGES
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NZX
28/09/2012 09:39
DIRECTOR

REL: 0939 HRS NZX Limited

DIRECTOR: NZX: NZX ANNOUNCES BOARD CHANGES

NZX ANNOUNCES BOARD CHANGES

28 September 2012 - NZX is delighted to announce the appointment to the NZX
Board of Simon Power and Therese Walsh.  Simon's appointment is effective
from December 1 2012 and Therese from February 1 2013.
As previously signalled, Chris Moller will resign from the Board to allow him
to focus on his other commitments, including his chairmanship roles at Sky
City Entertainment Group Limited and Meridian Energy Limited. Chris'
resignation will take effect on November 2 2012.

Director James Miller is appointed to the newly created position of deputy
chairman.
Simon Power is well known to the financial community, having served as
Minister of Commerce under the previous National led government, where he led
and took responsibility for the delivery of much financial sector reform,
including the establishment of the Financial Markets Authority.  Simon is
managing director, Private Wealth & Insurance at Westpac New Zealand Limited
and is based in Auckland.

NZX Chairman Andrew Harmos said "The Board and Management of NZX is very
pleased that Simon has accepted our invitation to join us as an independent
director. I am confident he will make a strong contribution to NZX across a
number of areas and I would particularly like to acknowledge Westpac's vision
and investment in Simon and its commitment to the New Zealand capital markets
which this appointment demonstrates."

Therese Walsh has broad management and governance experience developed in
both the private and public sectors, following nine years with the audit and
assurance divisions of KPMG in Wellington. More recently, Therese has
undertaken significant operational roles as Chief Operating Officer for Rugby
NZ 2011 Limited and Head of NZ for Cricket World Cup 2015. Therese is also a
director of TVNZ and NZ Cricket.

Harmos said "Therese has a strong financial background. In addition, her
management and operating experience, in large scale projects and involving
interface with multiple stakeholder groups, will be particularly useful in
the context of governance of NZX's operating businesses. Coming from a non
financial-markets background, Therese's skill set will enhance the experience
and diversity of thought around our board and we are very enthusiastic about
her appointment."

The Board would also like to acknowledge the significant contribution which
Chris Moller has made during his nearly five years on the Board, and as a
member of both the company's Audit & Financial Risk Committee and the Human
Resources and Remuneration Committee.  Harmos said "Chris' extensive
governance experience, his experience as a former CEO, his common sense and
straight talking has been a real asset.  I have drawn on these skills, as
chairman, on a number of occasions throughout Chris' tenure.  He has been a
great director whom we will miss - and whom we wish well with his other board
appointments, and his two large chairmanships in particular."

Andrew Harmos
Chairman

ENDS
For more information please contact:
Debbie Buckman   Andrew Harmos
+64 4 495 2818  +64 9 921 4301
End CA:00227858 For:NZX    Type:DIRECTOR   Time:2012-09-28 09:39:48