OFFICE: APT: ANZO appoints acting CEO until new CEO appointee in place

24 Jun 2010 10:28 am

APT 24/06/2010 OFFICE

REL: 1028 HRS AMP NZ Office Trust

OFFICE: APT: ANZO appoints acting CEO until new CEO appointee in place

ANZO appoints acting CEO until new CEO appointee in place

AMP NZ Office Trust (ANZO) announced today that ANZO's Chief Financial Officer, Amish Vallabh, is taking on the role of Acting CEO of ANZO from 1 July 2010 until the date the official appointee to the Chief Executive position begins tenure.

Current CEO, Robert Lang leaves the Trust on 30 June 2010.

Good progress is being made by the Board on recruiting a suitable candidate to the role and an announcement of the new Chief Executive is expected to be made before the end of the September quarter.

The Board advised in late May that the proposed implementation date for the strategic review of its corporate governance and management fee structures has been deferred by two months. The review will culminate in a series of changes to be proposed to unit-holders at a unit-holder meeting in late August with a proposed effective date of 1 September 2010.

About ANZO

ANZO is New Zealand's largest listed investor in prime and A-grade commercial office property. A unit trust listed on the New Zealand Exchange, ANZO currently owns 15 New Zealand office buildings with a total gross value of more than $1.3 billion - Auckland's PricewaterhouseCoopers Tower, ANZ Centre, 151 Queen Street, AMP Centre and 21 Queen Street; and Wellington's State Insurance Tower, Vodafone on the Quay, HP Tower, 125 The Terrace, No. 1 and 3 The Terrace, Pastoral House, Mayfair House, AXA Centre, Deloitte House and 29 Willis Street (Chews Lane).

ENDS

Media enquiries: Sue Ryan Communications Manager AMP NZ Office Trust Office: +64 4 494 2260 Mobile: +64 29 494 2260 End CA:00196452 For:APT Type:OFFICE Time:2010-06-24:10:28:28

More announcements for APT