Sharechat Logo

PGG Wrightson managing director Gould to step down in August

Thursday 30th May 2013

Text too small?

PGG Wrightson managing director George Gould will step down from New Zealand's biggest rural technology and services firm after helping refocus the company.

Gould previously headed Pyne Gould Guinness and was appointed to the top job at the larger company in February 2011 to help stabilise it as it exited non-core activities. He will leave Aug. 31, the Christchurch-based company said in a statement today.

Wrightson returned to profit in the 2012 financial year after exiting assets it no longer considered part of its core business, the biggest of which was the sale of its finance unit to the emerging Heartland New Zealand bank.

"George has performed his task admirably and whilst the board will be sorry to see him leave, his tenure was for a fixed and relatively short period and for a particular purpose," chairman Sir John Anderson said.

Shares in Wrightson dropped 6.3 percent to 30 cents, making it the worst performing stock on the New Zealand exchange today.

Wrightson is in the process of selecting a replacement, Anderson said.

BusinessDesk.co.nz



  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:

Wrightson chair John Anderson to retire at October meeting
PGG Wrightson buys water businesses for undisclosed sum
PGG Wrightson take $321M charge on goodwill, operating earnings drop on drought
Senior Aussie PGG Wrightson exec to head Landcorp
PGG Wrightson parent Agria posts wider first-half loss on land use impairments
PGG Wrightson lifts 1H profit by 55 percent on retail, Ag Services, pays 2.2 cent dividend
Wrightson finally gets $25M Crafar Farms loan repaid
PGG Wrightson gets government backing in $14.6M seeds research
PGG Wrightson boss George Gould paid $1.5M in FY 2012
PGG Wrightson returns to profit, auditor tags goodwill assumptions