Sharechat Logo

Fisher & Paykel Finance taps da Silva as chairman

Monday 30th July 2012

Text too small?

Fisher & Paykel Finance, the lending unit of Fisher & Paykel Appliances, has appointed Carlos da Silva as its new chairman.

He replaces John Gilks, who retired last week, having already stepped down from the board of F&P Appliances last year. Da Silva joined the finance company's board as an independent director at the end of 2010.

The finance unit increased its normalised operating profit 8.9 percent to record $37.8 million in the year ended March 31, propping up the ailing whiteware business that's struggled with a weak retail market.

F&P Appliances said it wanted to build on its relationship with department store Farmers to grow the business, and will seek new retail channels in health and agriculture.

The lending unit had net finance receivables of some $594 million and some $111 million in debenture stock as at March 31.

BusinessDesk.co.nz



  General Finance Advertising    

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.

Related News:

Steel & Tube Fy20 Trading Update
Further Contract Win Strengthens Scott Technology’s Position In Mining Sector
China’s Assertiveness Is Becoming a Problem for Its Friends, Too
New Talisman - Chairman’s Address to AGM 2020 August 6, 2020
T&G reports its 2020 Interim Results
Gold price hits $2,000 for first time on Covid
TruScreen strengthens its market presence in central and eastern Europe
Refining NZ announces non-cash impairment
Ryman Healthcare COVID-19 update Victoria
Talisman Quarterly Activities Report to 30 June 2020

IRG See IRG research reports