Sharechat Logo

Marsden Maritime CEO Graham Wallace to leave at end of month

Wednesday 7th March 2018

Text too small?

Marsden Maritime Holdings chief executive Graham Wallace will step down from the Northport shareholder at the end of the month, ending almost six years in the job. 

Chair John Goulter said Wallace told the board he plans to leave on March 31, and the company's directors will start looking for a replacement. 

"Graham has held the position of CEO for nearly six years and has played a pivotal role in seeing the company expand and develop during the period of his tenure," Goulter said. 

Wallace took up the position in 2012 on an interim basis before being confirmed permanent CEO, having worked alongside the company in a variety of finance roles for 18 years. 

During his tenure in charge, the company rebranded from Northland Port Co in 2014 to reduce the confusion between its operations and that of the Marsden Point-based Northport. 

Marsden Maritime's shares were trading at $2 when Wallace was appointed interim CEO in May 2012, and have climbed to $5.60, a gain of 180 percent. Over the same period, the S&P/NZX All Index rose about 89 percent. 


  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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:

Buying off the plans driving down KiwiBuild cost to govt: HYEFU
Fiscal policy to slow growth over next five years, despite surpluses
Treasury forecasting annual wage growth above 3% over next five years
Robertson unveils first ‘wellbeing outlook’ ahead of 2019 Budget
NZSA throws its weight behind Vital’s rebel investors
Food prices ease in November: buy your strawberries now!
Transport strikes averted as TIL Logistics, Air NZ find common ground with unions
Restaurant Brands 3rd-qtr sales rise 4.7% as Australia, Hawaii grow
December 13th Morning Report
Meridian chair Moller to stand down next year, Verbiest to take over

IRG See IRG research reports