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You are here: Home / Investor Relations / NZX Announcements / 2010 / NZX Announcement - Termination of CEO Contract of Employment

NZX Announcement - Termination of CEO Contract of Employment

The Company's Chief Executive Officer, Steve Cross, is employed under a contract which terminates on 30 June 2010. Steve has advised the Board that, for personal reasons, he does not wish to extend his contract, apart from on a short term basis through to 30 August 2010 to assist in a transition.

The Board will immediately commence a review to establish the ongoing management requirements for the Company, and set in place a process to ensure that there is appropriate management capability in place for the Company from the end of Steve's contract.


The Company's present focus is on completing the Te Rere Hau project and the Company does not foresee any problems in obtaining the appropriate resource to ensure that this project continues seamlessly.





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