Sharechat Logo

Capital Properties boss lured north

By Christine Nikiel

Friday 5th September 2003

Text too small?
Wellington-based Capital Properties will be hunting for a new head man as longstanding chief executive Nick Wevers takes up a new position in Auckland.

After 12 years with Capital Properties, Mr Wevers (48) will move north to take up a position with a private investment firm.

The former NZI and Marac executive won't say what the new job will be, just that it would be "exciting" and in a non-competing sector of the property market.

"I'm moving because I've had a good offer. I've had other approaches over the years but this was the opportunity that suited me," he said.

He said the decision to leave Capital Properties was a difficult one because the company was in such good health, with a portfolio spread of 60% Wellington stock and 40% Auckland.

Mr Wevers joined the company in 1991, when it was still Government Property Services, and led it through the transition to Capital Properties. He saw it through its 1998 listing, the takeover of Auckland's Shortland Properties in 1999 and the recent rights issue.

The former Property Council president takes up his new position on February 1 next year.

  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:

MARKET CLOSE: Blue-chip stocks Meridian, A2 lead market lower
NZ dollar rises on Brexit hopes, rate cut reassessment
Three not failing, just needs a new owner - MediaWorks CEO
Major investors back new CBL class action targeting directors
Rip Curl purchase a done deal on Kathmandu proxies alone
Comvita chair Neil Craig eyes the exit once he finds a new CEO
Mercury raises guidance on increased storage, high spot prices
Eroad reports strong 3Q sales growth, eyes ASX listing
MediaWorks puts TV business on the block
NZ dollar benefits as preliminary Brexit deal improves risk appetite

IRG See IRG research reports