Change at top of Kiwibank board not due to dissatisfaction over equity injection, spokesman says

Mon, 10 Apr 2017

By Jonathan Underhill April 10 (BusinessDesk) - The sudden departure of Kiwibank's chairman and deputy chair just days after shareholders answered a call for additional equity funding doesn't reflect any dissatisfaction about the state-owned bank's governance, a spokesman says. Chairman Rob Morrison and deputy chair Rhoda Phillippo have resigned, effective this coming Thursday, Kiwibank said today. Current director Susan Macken was named as Morrison's replacement and the board will appoint a deputy when it meets on Thursday. Rob Morris...

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