Sharechat Logo

Sanford chairman Bruce Cole dies after short illness

Friday 13th May 2011

Text too small?

Bruce Cole, chairman of seafood company Sanford, has died after a short illness.

Sanford managing director Eric Barratt said Cole was elected a director of the company in 1987, after an outstanding business career with LD Nathan. He became deputy chairman in 2004 and was elected chairman in 2006.

During Cole's board tenure, shareholder value in the company had grown from $50 million to more than $500 million and annual dividends had grown from $3 million to more than $20 million, Barratt said.

"One of the strong attributes Bruce brought to the board has been a focus on creating value for shareholders while at the same time retaining an industry focused growth strategy built on sustainable development. His contribution will be sorely missed."

Deputy chairman Jeff Todd had assumed the role of chairman in the interim.

 

NZPA



  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:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report