Monday 3rd September 2012
|Text too small?|
Skellerup Holdings, the industrial rubber products supplier that posted a record annual profit, has tapped Rakon executive Graham Leaming as its chief financial officer.
Leaming has resigned from Rakon after seven years as combined CFO and chief operating officer, which saw the company through its initial public offering and listing.
Rakon managing director Brent Robinson said his company has begun looking for a replacement.
Last month, Skellerup raised its dividend after reporting a 22 percent gain in full-year profit to $24.7 million as new products and low debt levels shielded it from an economic downturn in some markets.
Shares of Skellerup rose 1.2 percent to $1.66 and have gained 21 percent this year. Rakon was unchanged at 44 cents.
No comments yet
Skellerup shares rise to four-month high on earnings outlook, Craigs upgrades stock to buy
Skellerup shares surge, best performer on the NZX 50 Index, as profits seen rising
Skellerup beats guidance with 23% drop in FY profit
UPDATE Skellerup scotches $7.3 mln claim in rubber ring dispute
Skellerup in $7.3 mln stoush over faulty rubber rings
Skellerup shares sink 10 percent as 1H earnings disappoint; cuts annual guidance
Skellerup flags smaller profit in 2013, shares fall 3.5 percent
Skellerup reports record profit, increases dividend
Skellerup shifts chief financial officer Keogh to new Agri division role