Cavalier promotes CFO Paul Alston to top job

Cavalier Corp, the unprofitable carpet maker, has promoted finance chief Paul Alston to the top job, a role he's had on an acting basis since Colin McKenzie stepped down in May.

Alston joined Cavalier in November 2012 as chief financial officer, having previously been CFO at fruit marketer Turners & Growers.

Cavalier has changed its chief executive and chairman and rejuvenated its board in an attempt to restructure the business and return it back to the black. The company is selling assets, cutting jobs and outsourcing to try and achieve that objective.

The shares rose 1.3 percent to 40.5 cents, having dropped 34 percent so far this year.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report