Tower CFO Michael Boggs to step down in 2015

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

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

NZ dollar falls ahead of inflation data
F&P Healthcare shares hit record on improved guidance
Bounce in international guest nights some reprieve for slowing tourism sector
$4m penalty for Auckland money shop under AML regime
High-emission oil producers at risk from investor action
NZ Rugby gets skin in media game in new Sky broadcasting deal
14th October 2019 Morning Report
US earnings season starts amid glimmers of hope on trade, Brexit
Class action suit against CBL Corp about to launch
NZ dollar benefits from possible US-China trade deal