Sharechat Logo

Tower CFO Michael Boggs to step down in 2015

Friday 10th October 2014

Text too small?

Tower, which sold its health, life and investment units to focus on general insurance, said chief financial officer Michael Boggs will leave in the first quarter of 2015.

“Michael has been a key member of the executive team that has been dedicated to transforming Tower into a customer-focused general insurer over the past two years," chief executive David Hancock said in a statement. "He did an outstanding job throughout our divestment programme. However, after four years with Tower, Michael has decided it is the right time for him to explore new opportunities."

Boggs was named 'CFO of the Year' at the 2014 New Zealand CFO Awards. He will remain with Tower until after the company’s annual shareholder meeting in February.

Auckland-based Tower said its replacement search will consider both internal and external candidates.

Shares in Tower last traded at $1.995 and have gained 14 percent so far this year.

 

 

 

 

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:

Chatham Rock Phosphate Limited (NZX: CRP) Chatham Successfully Completes Private Placement
Turners Automotive Group Limited (NZX: TRA) Upgrades FY21 Earnings Guidance
Blackwell Global Holdings Limited (NZX: BGI) Restructure of Business Operations
Vista Group International Limited (NZX: VGL) Vista Group appoints James Miller as Independent Director
Rakon Limited (NZX: RAK) Update of FY2021 Earnings Guidance
The a2 Milk Company Limited (NZX: ATM) Organisational Announcement
Reserve Bank of New Zealand Committed to Action as It Responds to Data Breach
MHM Automation Limited (NZX: MHM) Settlement of New Plymouth Building Sale
Napier Port Holdings Limited (NZX: NPH) First Quarter 2021 Trade Volumes
New Zealand Oil & Gas Limited (NZX: NZO) Mahato PSC Update - Oil Production

IRG See IRG research reports