HBY
18/09/2015 09:39
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REL: 0939 HRS Hellaby Holdings Limited
OFFICE: HBY: Hellaby appoints Alan Clarke as new Chief Executive
Hellaby Holdings Limited
NZX / Media Release 18 September 2015
Hellaby appoints Alan Clarke as new Chief Executive
Hellaby Holdings Limited (NZX: HBY) today announced the appointment of Alan
Clarke as its new Chief Executive Officer. He joins the company in November
2015 and will also be appointed to the Hellaby board.
Alan Clarke has been CEO and Managing Director at NZSX-listed Abano
Healthcare Limited, a leading investor and operator in the private healthcare
market in New Zealand, Australia and South East Asia, a role he has held for
15 years. He announced last year his intention to step down from that role at
this year's Abano Annual Meeting in November 2015.
Hellaby Chairman, Steve Smith, said "The board is delighted that Alan has
accepted the role. He brings with him strong management skills and a proven
commercial track record. He has demonstrated an ability to realign
organisation structure and build a high performing culture to achieve agreed
strategies incorporating merger and acquisition activity".
"The new CEO search process has been very valuable for the board, providing
an opportunity to reflect on Hellaby's portfolio and investment strategy. The
board's view is that Hellaby has a strong foundation for future growth in the
business sectors of its three well performing core business units -
Automotive, Equipment and Oil & Gas Services. We recently divested Elldex
Packaging and we have confirmed that the Footwear business will also be
divested at an appropriate time. There are good opportunities for Hellaby to
deliver greater shareholder value by focussing on growth in our core business
sectors" said Steve Smith.
The appointment of Alan Clarke follows the announcement in April 2015 that
Hellaby's CEO since 2007, John Williamson, would step down from the company
with effect from the Annual Meeting on 1 October 2015.
"We are fortunate and grateful that under John Williamson's leadership,
Hellaby has built strong foundations and is in excellent financial shape. The
board and shareholders will have the chance to thank and acknowledge John at
the Hellaby Annual Meeting" said Steve Smith.
ENDS
For further information please contact:
Steve Smith
Chairman, Hellaby Holdings Limited
M +64 21 791 342
www.hellabyholdings.co.nz
Hellaby at a glance
Hellaby Holdings is an NZX-listed investment holding company, which owns a
diversified portfolio of 15 industrial, distribution and retail businesses.
Our vision is to be a leading Australasian investor, based on the value we
add to our portfolio, the returns we deliver to our shareholders and the
calibre of our people.
Hellaby's core purpose is to generate long-term shareholder value by building
better businesses. We achieve this through a combination of performance
improvement and organic growth in the businesses we own, as well as smart
acquisitions and divestments. We describe this strategy simply as 'Buy,
Build, Harvest'.
Our investment portfolio is structured through four divisions - Oil & Gas
Services, Automotive, Equipment and Footwear - with 3,000 people across New
Zealand, Australia, Middle East and North America. We have a variable
investment horizon, and our portfolio will evolve as opportunities arise in
target investment areas.
We actively manage our investments through a lean corporate office, and
decentralise leadership and performance accountabilities to our companies.
We seek to generate total shareholder returns superior to the NZX50.
End CA:00270367 For:HBY Type:OFFICE Time:2015-09-18 09:39:22
