Sharechat Logo

Kordia chief executive departs in March

Tuesday 22nd January 2013

Text too small?

State-owned communications company Kordia says chief executive Geoff Hunt is leaving at the end of March.

The departure comes after the company merged its two New Zealand telecommunications businesses with internet service provider Orcon, creating Kordia New Zealand.

Orcon boss Scott Bartlett is leading Kordia New Zealand and he and Peter Robson, the boss of Kordia Solutions Australia, will now report directly to the board, as will chief financial officer Shaun Rendell.

"Now that both businesses are performing well, it makes sense that they each now report directly to the Kordia board," Mr Hunt, who was recruited in 2005, said.

Kordia New Zealand will have total annual sales just under $200 million, a level being achieved by the Australian business.

Chairman David Clarke said Mr Hunt led a comprehensive broadcast-to-broadband transformation of the company.

In 2012, Kordia posted a record net profit after tax of $12.1 million, which compared to a loss of $14.7 million the previous year.

The provider of television broadcast services was valued at $144.1 million in an analysis of state-owned assets by published by Treasury last week.

 

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:

NZ dollar eases on increasing US-China doubts, lack of news in Fed minutes
From dog tucker to top dog: economists ask how Northport can be Auckland’s best replacement
MARKET CLOSE: NZ shares rise; Metlife jumps on takeover talk
NZ dollar eases on technical factors, buoyed by higher dairy prices
RBNZ eyes Westpac Australia money laundering failures
Heritage buys Golden Healthcare; not mystery Metlife suitor
Alliance margins improve as swine fever boosts global meat prices
RBNZ eyes Westpac Australia money laundering failures
Precinct eyes new developments as Commercial Bay keeps to revised schedule
End to Tower's three year dividend drought in sight

IRG See IRG research reports