Infratil chairman David Newman takes medical leave of absence

Infratil chairman David Newman has stepped down from the board of the infrastructure investor for a period of medical leave.

Newman, who has been chair since 2004, will also take a leave of absence of Wellington International Airport, where he is also chairman, and from his director's role at Infratil Airports Europe, the company said in a statement. He has been a director at Infratil since 1994, the year the infrastructure investor was listed by late founder Lloyd Morrison.

This week brokerage First NZ Capital said Infratil's stock was undervalued after the company's selldown of its stake in Z Energy, resuming coverage with an 'outperform' rating.

The shares rose 0.4 percent to $2.51 yesterday, and have climbed 11 percent 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:

MLN - Marlin Global Investment Mandate
TCM - Fast-Track Panel Draft Decision - Approve Barrytown Project
RGI - RUA Gold Substantive Fast-track Application for Auld Creek
CEN - Contact green Capital Bond offer closes
SKC - Intention to Appoint New Director
TEM - Transaction in Own Shares
ALF - Conditional Sale of Waikato Properties
November 5th Morning Report
AIA - launches retail bond offer and wholesale bond offer
WCO - Settlement of Navaa Holdings Investment Stage 1