Ann: DIRECTOR: TPW: Change to the Board of Directors of...

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    • Release Date: 18/12/15 12:28
    • Summary: DIRECTOR: TPW: Change to the Board of Directors of Trustpower Limited
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    					TPW
    18/12/2015 12:28
    DIRECTOR
    NOT PRICE SENSITIVE
    REL: 1228 HRS Trustpower Limited
    
    DIRECTOR: TPW: Change to the Board of Directors of Trustpower Limited
    
    NZX Announcement
    
    18 December 2015
    
    Change to the Board of Directors of Trustpower Limited
    
    Trustpower Limited ("Trustpower") wishes to advise that Dr Bruce Harker, the
    current chair of Trustpower, has today advised the Board that he will retire
    from his role as a director of Trustpower with effect from 31 December 2015.
    Dr Harker first became a member of the Trustpower Board in 2000 and was
    appointed Chair in 2007.
    
    While Dr Harker is to retire from the board of Trustpower, he has agreed to
    be appointed the designate chair of the entity resulting from Trustpower's
    recently announced demerger proposal which is to acquire Trustpower's wind
    assets and wind farm development opportunities, should the demerger proposal
    proceed.
    
    Following Dr Harker's announced retirement, the Board has resolved to appoint
    Mr Paul Ridley-Smith as a director of Trustpower with effect from the date of
    Dr Harker's resignation to fill the resulting casual vacancy.  The board has
    also resolved to appoint Mr Paul Ridley-Smith as the chair of the board upon
    his appointment.
    
    Mr Ridley-Smith was a senior executive with HRL Morrison and Co from 1998 to
    2011, re-joining earlier this year.  From 2011 to 2014 he was General Counsel
    at Contact Energy Limited.  He has previously been a director of various
    Infratil Group and Contact Energy subsidiaries, including Wellington
    International Airport Limited, Liquigas Limited and Mana Coach Services
    Limited.   He is currently a director of Arvida Group Limited and King
    Country Energy Limited.
    
    The Board has determined that Mr Ridley-Smith is not an independent director
    for the purposes of the NZX Listing Rules.
    
    Bruce Harker
    Chairman
    
    04 473 2399
    End CA:00275408 For:TPW    Type:DIRECTOR   Time:2015-12-18 12:28:25
    				
 
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