VIL
28/09/2015 14:05
DIRECTOR
NOT PRICE SENSITIVE
REL: 1405 HRS Veritas Investments Limited
DIRECTOR: VIL: Veritas Board Changes
NZX Release
28 September 2015
Veritas Board Changes
Veritas Investments Ltd (NZX: VIL) announces the following changes to its
board.
Appointment of Chairman
The board has appointed Tim Cook its Independent Chairman. Tim has been
acting Chairman since the 30th of June 2015 and has been a Director of
Veritas since December 2011. He is currently Chair of Veritas' Audit and
Remuneration Committees.
Tim is also Chairman of Auckland City BMW, Mini Auckland, and Rolls Royce
Motor Cars Auckland. He is Chairman of Safersleep NZ Ltd and Safersleep USA,
and Chairman of the Auckland Heart Group, NZ's largest private cardiology
practice. He is a Director of MyWave Ltd and MyWave Holdings Ltd, Cook
Executive Recruitment Ltd and NZAX listed VMob Group Ltd.
His earlier management career includes senior retail and operational
management roles in the supermarket, retail, franchising, food and fashion
industry sectors.
From 2006 to 2011 he was a Director of NZX listed Charlies Group Ltd, where
he was a member of the Finance and Audit Committee and Chair of the
Remuneration Committee. He was heavily involved in its sale to Asahi Group
for $129 million in 2011.
Resignation of Director
Richard Sigley, non-independent Director, has advised the board of his
intention to resign from the board at the conclusion of the company's next
Annual General Meeting, currently scheduled for the 12th of November 2015.
Richard joined the Veritas board following the acquisition of The Better Bar
Company in 2014, of which he was major shareholder and chairman. Richard is
also the major shareholder and CEO of the Nourish Restaurant Group, whose
iconic brands include Euro, Crab Shack, Jervois Steak House and Shed 5.
Richard has advised the board that he needs to commit more time to the
Nourish Restaurant Group as it expands, but will remain as an advisor to
Veritas, focusing on its bar businesses. He remains a very committed and long
term substantial shareholder in Veritas.
New Directors
The board will now commence a search for up to 2 new Directors to join the
Veritas board.
For further information, contact:
Tim Cook
021 764 401
[email protected]
About Veritas Investments Limited
Veritas Investments is an NZX Main Board-listed investment company focusing
in the Food and Beverage, Franchise and Hospitality sectors. The shell
company was formed in December 2011 and made its first acquisition of the Mad
Butcher franchisor business in May 2013 through a reverse acquisition
transaction. A further investment was made in December 2013 for 50% of Kiwi
Pacific Foods Limited. In September 2014 Veritas acquired the Nosh Food
Market business. In November 2014 Veritas acquired The Better Bar Company
group business.
www.veritasinvestments.co.nz
End CA:00270850 For:VIL Type:DIRECTOR Time:2015-09-28 14:05:47
