- Release Date: 01/05/12 16:06
- Summary: DIRECTOR: RAK: Rakon: Peter Springford joins Rakon Board
- Price Sensitive: No
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RAK 01/05/2012 14:06 DIRECTOR REL: 1406 HRS Rakon Limited DIRECTOR: RAK: Rakon: Peter Springford joins Rakon Board 1 May 2012 Peter Springford joins Rakon board Rakon (NZSX: RAK) today announced the appointment of businessman Peter Springford to its board as a new independent director. Rakon Chairman Bryan Mogridge welcomed Mr Springford to the Board noting his considerable business experience in China, which is an important growth market for Rakon. "Peter Springford has recently been Chairman of a large Chengdu wood products business and a listed Hong Kong printing and packaging company, and has lived and worked in Asia. With Rakon's expansion into China, his experience, networks and knowledge of the region will be valuable to the Board. "Besides his understanding of Asian markets, he is a highly experienced and successful business leader. He is currently a director of Nuplex Industries and the NZ Refining Company, a trustee of the Graeme Dingle Foundation, and was formerly CEO of Carter Holt Harvey." Rakon Chief Executive Brent Robinson said the appointment of Mr Springford is timely given the company's development of its facility in Chengdu, China. "The Rakon Crystal Chengdu facility was completed last year and is continuing to expand its operations. It has recently shifted to 24-hour-7-day production. It now has almost 200 employees and the facility will be further increasing capacity over the next few months. "There is significant potential for Rakon in China and other Asian markets. Peter Springford's experience and networks in China and Asia generally will provide valuable guidance to Rakon's Board and management as we continue to grow the business globally." ENDS Contact for further information: Stephen Westwood, Rakon Marketing Manager +64 9 571 9323 [email protected] End CA:00222401 For:RAK Type:DIRECTOR Time:2012-05-01 14:06:33
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Ann: DIRECTOR: RAK: Rakon: Peter Springford joins
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