- Release Date: 10/10/14 10:06
- Summary: OFFICE: TWR: Chief Financial Officer announces resignation from TOWER
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TWR 10/10/2014 10:06 OFFICE REL: 1006 HRS Tower Limited OFFICE: TWR: Chief Financial Officer announces resignation from TOWER 10 October 2014 Market Information NZX Limited Level 2, NZX Centre 11 Cable Street Wellington New Zealand Company Announcements Office Australian Securities Exchange Limited Exchange Centre Level 6, 20 Bridge Street Sydney NSW 2000 Australia Chief Financial Officer announces resignation from TOWER TOWER Chief Executive Officer David Hancock advises that Chief Financial Officer Michael Boggs is to leave TOWER in the first quarter of 2015. "Michael has been a key member of the executive team that has been dedicated to transforming TOWER into a customer-focused general insurer over the past two years. He did an outstanding job throughout our divestment programme and his contribution was recognised in March when he was named CFO of the Year at the 2014 New Zealand CFO Awards. "However, after four years with TOWER Michael has decided it is the right time for him to explore new opportunities." Mr Hancock said Mr Boggs will remain with TOWER until after the company's annual shareholder meeting in February. "Michael will continue to fulfil his duties as Chief Financial Officer throughout this period and will work closely with his successor to ensure a smooth and seamless transition," Mr Hancock said. TOWER will begin an executive search to replace Mr Boggs, with consideration being given to both internal and external candidates. ENDS David Hancock Chief Executive Officer TOWER Limited ARBN 088 481 234 Incorporated in New Zealand For further information, please contact: Tracey Palmer Head of Corporate Communications Mobile: +64 21 837 860 Email: [email protected] End CA:00256296 For:TWR Type:OFFICE Time:2014-10-10 10:06:32
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