Last managing director of ARW Group steps down

Thursday 7th August 2008

ARW Group, which owns the Whitcoulls, Borders and Angus & Robertson bookstores, said Ian Draper will step down as managing director and the position will be abolished.

The company, owned by buyout firm Pacific Equity Partners, plans to move its head office functions to Australia following the purchase of Borders bookstores. Draper chose not to relocate from New Zeaalnd, it said in a statement.

ARW named Rod Walker, a former chief executive of The Freedom Group, in a replacement role as executive chairman of the company, it said.

By Jonathan Underhill

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:

KMD completes Placement and Institutional Entitlement Offer
SML - North Island asset sale completed
RAD - Radius Care Expansion Continues with Care Home Acquisition
PFI - Property for Industry Limited Bond Offer Final Terms Sheet
April 1st Morning Report
FSF - Fonterra completes sale of Mainland Group to Lactalis
GNE - Resignation of Chief Financial Officer
PFI - Property for Industry Limited Launches Bond Offer
March 30th Morning Report
HGH Ltd Results for the 6 months ended 1 February 2026