Sharechat Logo

PFI chair Peter Masfen to step down, replaced by deputy chair Anthony Beverley

Wednesday 21st March 2018

Text too small?

Property For Industry's chair Peter Masfen will retire at the company's annual meeting on May 8, to be replaced by deputy chair Anthony Beverley.

Masfen has been chair since June 2002, and during this time, PFI’s property portfolio has grown from 46 properties valued at $209 million to 92 properties valued at over $1.2 billion, with rental revenues more than tripling to $73.5 million, the company said. 

Beverley has been a director of PFI since 2001 and an independent director since 2012. He has chaired the company's audit and risk, and nomination committees, and has been deputy chair since May 2017. Beverley will step down as chair of the audit and risk committee at the annual meeting, to be replaced by independent director Susan Peterson.

"I have been privileged to be part of PFI’s board as the company has grown and established itself as New Zealand’s only listed company specialising in industrial property," Masfen said "In my view, a strong foundation is in place for the Company’s ongoing success, with an experienced board and talented management team, and now is a good time for me to retire."

Beverley said he looked forward to chairing the board and "continuing the company’s focus on delivering strong and stable shareholder returns."

The company's shares dipped 0.3 percent to $1.65, and have gained 5.5 percent in the past year.

(BusinessDesk)



  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:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report