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Richmond appoints ceo

Thursday 22nd May 2003

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Richmond has appointed Richard Carver as its new chief executive, effective from July 1. He is currently chief executive of the Carter Holt Harvey subsidiary, Ecopine, a value-adding timber and plywood business, and the chairman of the Building Industry Federation. He is the former CEO of the building supplies and consultant firm, Carters.

Richmond chairman Sam Robinson said the board was confident Carver had the experience and skills to move the company forward. A qualified chartered accountant, he has experience across a range of manufacturing and product marketing businesses, including the New Zealand meat industry.

Originally from Hawke's Bay, Carter, 41, has a prior connection with Richmond. He was finance manager for two and a half years between 1990-1992, reporting to John Foster, and left to become the finance director and a shareholder of Hill Country Beef Ltd. He spent six years with the Mars Corporation, including positions with Effem Foods and Master Foods, prior to joining Carter Holt Harvey Limited.

"The Board has great confidence in the company, and it and the new ceo will work with whoever the eventual owners are to maximise Richmond's performance.

"With the takeover bid ending on Friday, we are looking to the Court of Appeal process (starting July 28) to provide a lasting outcome to Richmond shareholding and ownership issues."

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