Thursday 18th August 2016 |
Text too small? |
Duncan Saville is to retire as a director of Infratil at the company's annual meeting later this month after 22 years in the role.
Saville's departure from the board comes after the Utilico investment vehicle he manages reduced its stake in Infratil to just 2.5 percent in May, having been one of the infrastructure investor's biggest shareholders with a 20 percent stake before it started selling in 2010.
He was appointed as a director of Wellington-based Infratil in March 1994, when the company listed on the NZX. Saville has also served on the boards of several water, airport and utility investment companies.
In a statement, Infratil said Saville had been, "an endless source of support, insight, and encouragement".
Anthony Muh, Morrison & Co's chief executive for Asia will also leave his post as alternate director, a role that saw him attend board meetings when Saville was unavailable.
Saville will remain a director of HRL Morrison & Co, Infratil's manager.
Infratil shares fell 0.6 percent to $3.38.
BusinessDesk.co.nz
No comments yet
Fonterra appoints permanent COO
Manawa Energy FY24 Annual Results & Webcast Details
Seeka Provides the Results of Meeting - ASM
April 19th Morning Report
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER