Sharechat Logo

South Port New Zealand names Nigel Gear new chief executive

Friday 11th August 2017

Text too small?

South Port New Zealand, the country's southernmost deep water port, has appointed long-serving manager Nigel Gear as the new chief executive from October.

Departing CEO Mark O'Connor, who has been at the port for 24 years, will officially hand over to Gear on Oct. 1 but will remain at the port until early November.

Gear is currently the port's commercial manager and has previously held management positions in operations, warehousing and finance in addition to earlier roles within the fuel and meat processing sectors. He has been at the company for 23 years.

Gear was selected after a recruitment process that attracted "strong interest from a number of very capable candidates," chairman Rex Chapman said in a statement. He noted that Gear "is already well known by our customers and has been part of a very successful management team operating during the company’s recent period of growth." 

South Port first listed in July 1994 and since O'Connor became CEO in 2000 the shares have climbed more than 500 percent to trade recently at $5.71. They reached a record $6.19 in October last year. Profit was a record $8.7 million in the June 2016 year and in the first half of the current year, earnings climbed 54 percent to about $5.1 million.

(BusinessDesk)



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.
Bookmark and Share   Printable version
Related News

NZ wool market improves at weekly auction
Spark chases quantum leap in 2019 earnings in latest transformation
Steel & Tube annual profit drops 22% in 'highly competitive' construction sector
CBL says 1H earnings dropped 36% due to increased reserves
UPDATE: Spark annual profit climbs 13% as sales tick up, chairman Verbiest signals exit
IkeGPS raises $3.7 million in placement, plans another $1.3 million raise
August 18th Morning Report
FIRST CUT: Spark annual profit climbs 13% as sales tick up, chairman Verbiest signals exit
NZ dollar dips as rumour of White House departure, Spanish terror attack sap risk appetite
While you were sleeping: Trump unsettles Wall St

IRG See IRG research reports