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Dorchester Pacific appoints new CEO

Tuesday 9th May 2006

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Dorchester Pacific has appointed Andrew Walker as its new chief executive, replacing Brent King.

His appointment follows an extensive national and international recruitment process.

"Andrew brings finance sector experience and a successful track record in business both in New Zealand and the United States," Dorchester chairman Barry Graham says.

Graham says chief financial officer and company secretary Mark Simpson, who is currently acting chief executive, has done an excellent job and worked closely with the board on operational efficiencies and business development over the past three months.

"This solid platform gives Andrew a great base to take the company on to the next stage as we continue to create value for our shareholders," he said.

After completing an MA (Hons) at Auckland University, Walker was accepted onto the Fletcher Challenge graduate programme before moving to Sony, where he held business development and management roles.

He gained an MBA from Stanford Graduate School of Business in the United States, where he focused on corporate finance and investing. While studying in the US, Walker worked with business strategy consulting firm Booz Allen Hamilton and private equity firm Fremont Group.

Walker returned to New Zealand in 2003 and joined Clavell Capital, an Auckland-based merchant bank.

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