Tuesday 27th September 2011 1 Comment
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Steel & Tube Holdings, the construction materials supplier, said Janie Elrick will take up the reins as chief financial officer and company secretary as of December, filling a position that has been vacant since June 9.
Elrick, a chartered accountant, replaces Tony Candy who resigned earlier this year, the company said in a statement filed with the NZX.
Her appointment comes as the steel supplier continues to slowly improve its bottom line, which has come under pressure in recent years as construction activity plummeted in the wake of the global financial crisis.
Last month Steel & Tube said net profit for the year ended June 30 rose to $17 million from $5.7 million the previous year, but cautioned that market conditions still look challenging.
Elrick previously worked at Deloitte Touche Tohmatsu, the New Zealand Dairy Group of Companies, and Fonterra before servicing as chief financial officer at fruit exporter Zespri, dairy company Synlait, and animal genetics cooperative Livestock Improvement Corporation.
Steel & Tube rose 0.8% to $2.39 today, and has gained 11.2% so far this year.
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