Sharechat Logo

Steel & Tube names director Mark Malpass, ex-Fletcher, as interim CEO

Thursday 14th September 2017

Text too small?

Steel & Tube Holdings named director Mark Malpass as interim chief executive following the sudden departure of Dave Taylor after eight years in the job.

Malpass was infrastructure products executive at Fletcher Building but lost his job during a restructuring of that company's building products and infrastructure products division late last year by former Fletcher CEO Mark Adamson, who was himself dumped in July. Malpass was appointed to Steel & Tube's board in March.

The Wellington-based company said yesterday that Taylor would depart next week to pursue other interests. Malpass will start as interim CEO on Sept. 25 while the company looks for a permanent replacement. He will step down from the board while in the role.

“Mark has broad commercial skills and industry knowledge, specifically within the steel sector," chair Susan Paterson said in a statement. "He has made a strong contribution since joining the Steel & Tube board in March this year, and has also been part of Steel & Tube’s recent strategy update."

The company's shares last traded at $2.20 and have declined 7.2 percent so far this year. 

(BusinessDesk)



  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