Ann: OFFICE: RAK: Rakon: COO/FO Resignation

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    RAK
    03/09/2012 11:03
    OFFICE
    
    REL: 1103 HRS Rakon Limited
    
    OFFICE: RAK: Rakon: COO/FO Resignation
    
    Auckland 3 September 2012:  Rakon Ltd (RAK) announces the resignation of
    Chief Financial and Operating Officer, Graham Leaming.
    Mr Leaming has been with Rakon for almost seven years, combining the roles of
    COO and CFO.   He leaves to take up a position as CFO at Skellerup Holdings
    Ltd (SKL).
    Rakon Managing Director, Brent Robinson, said Mr Leaming had helped steer the
    company through its IPO and NZX listing and had played a significant role in
    the company.
    "We have been fortunate to have someone of his calibre with Rakon over the
    past seven years when we have undergone significant development and growth
    during a challenging economic period, "said Mr Robinson.  "He has made
    significant contribution to Rakon's global expansion into Europe, India and
    China."
    Mr Leaming said he was proud of being part of a team that had built a strong
    platform for the future.  "Rakon has extremely talented and passionate people
    who will drive the continued development of the company for long term
    success. The decision to make a change has been tough, but the timing is
    right for me to continue to expand my career in a new role."
    Brent Robinson said Rakon had agreed a long handover period and would begin
    looking immediately for someone to replace Mr Leaming in his CFO role.
    "We have a strong team in support, and we will take the opportunity to review
    and separate the roles to continue the growth and development of our team."
    
    Contact:
    Brent Robinson
    (09) 571-9202
    End CA:00226820 For:RAK    Type:OFFICE     Time:2012-09-03 11:03:03
    				
 
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