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.
No comments yet
NZ dollar rises on optimism for China-US trade deal
Steel & Tube recovery to include $5.6M of 2nd-half cost savings
Open Country challenges validity of Fonterra's 2018 milk price
Guest night growth slows; overseas visitors spent less time in North Island
Nib NZ first-half earnings slide 30% as claims outpace policy growth
Customer satisfaction in NZ banks rises despite Australian scandals
Perky services sector in Janary soothes fears over cooling economy
PFI doubles 2018 profit on valuation gains, underlying earnings fall short
Steel & Tube turnaround continues with 49% jump in first-half net profit
February 18th Morning Report