Friday 8th June 2001 |
Text too small? |
"It's up to the board really to decide. Maybe I'll retire," Mr Paykel, who was honoured in the Queen's Birthday honours list this week, said.
"I've cut my teeth in whiteware but I've also been part of healthcare from day one," Mr Paykel said.
F&P is preparting to separate its whiteware and healthcare divisions and list the high-growth healthcare unit on the Nasdaq.
Shareholders will vote on the separation process at a shareholders' meeting expected to be held in the second half of September or in October 2001.
The company this week announced a reduced profit of $11 million for the year to the end of March, but the market accepted the result was affected by $64.2 million of unrealised foreign exchange losses and a $5.5 million writedown of its investment in retailer Hill & Stewart. Mr Paykel said it was not unusual for the company to help out its network of dealers but had not declared it before.
- Deborah Hill Cone
No comments yet
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