Friday 5th April 2013
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Trevor Burt, who chairs Ngai Tahu's commercial operations, has been elected to lead Lyttelton Port's board, replacing Rodger Fisher who leaves in November.
Burt will take over the chair on June 30 when Fisher vacates the role ahead of his exit from the board, the company said in a statement. Burt chairs Ngai Tahu Holdings, is a director of lines company MainPower New Zealand and meat processor Silver Fern Farms, and is a commissioner on the Earthquake Commission.
Lyttelton Port, which is 80 percent owned by Christchurch City Council, is still recovering from the 2010 and 2011 earthquakes, and has been receiving business interruption insurance to cover lost earnings from cruise ships skipping a layover in the port.
The shares were unchanged at $2.24, and have gained 12 percent this year. The stock is rated a 'hold' based on the one analyst recommendation compiled by Reuters.
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