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
