Friday 3rd May 2013
|Text too small?|
Former Fonterra Cooperative Group chairman Henry van der Heyden will head up the board of national gateway Auckland International Airport after the annual meeting in October.
Van der Heyden replaces Joan Withers, who also heads up MightyRiverPower's board, who signalled her exit last year. The company's board will start looking for a replacement director in the coming months, it said in a statement. Van der Heyden joined Auckland Airport's board in September 2009, and currently sits on its remuneration committee.
"The announcement of Sir Henry's appointment to the chairmanship will ensure a smooth governance transition over the next six months," Withers said. "I know the board will support Sir Henry in the exemplary way I have been assisted in my time as chair."
This week the airport got a clean bill of health in the Commerce Commission's draft report on the effectiveness of information disclosure rules for the airport, which found the regime has "been effective in limiting Auckland Airport's ability to extract excessive profits over time."
Auckland Airport's shares fell 0.6 percent to $3.07 yesterday, and have gained 16 percent this year.
No comments yet
Auckland International Airport Limited (NZX: AIA)
Auckland Airport sees growth in luring Asian travelers, tapping landbank
Auckland Airport shares climb to 6-year high on better earnings, higher dividend
Auckland Airport boosts FY profit 25 percent as property values rise, ups dividend
Auckland Airport expected earnings just within regulator's tolerance
Auckland Airport's 8 percent expected returns 'reasonable', regulator says
Auckland Airport 1H profit rises 11 percent on growth in domestic passenger traffic
Pre-Offer Announcement - Auckalnd International Airport
Auckland Airport flags $100 mln bond offer
Air NZ, Auckland Airport report fewer overseas passengers in October from RWC crowds