David Hearn’s final speech from the a2 Milk throne

David Hearn joined a2 in 2014 as non-executive chair of its United Kingdom subsidiary. (Image: BusinessDesk)

Fri, 17 Nov 2023

The a2 Milk Company’s long-serving chair, David Hearn, has left his top job on the board while also attempting to leave shareholders confident that its share price will bounce back.At last year’s annual meeting, Hearn announced he’d be stepping down at this year’s meeting, with Pip Greenwood taking his place.That handover occurred at the yearly gathering of its shareholders in Auckland on Thursday.Hearn initially joined a2 in 2014 as non-executive chair of its United Kingdom subsidiary, moving to join the company&rs...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Retail

James Pascoe retail group victim of cyber-attack

The Farmers and Whitcoulls owner said ‘most of the systems’ have been restored.

Gregor Thompson 6:20pm

Markets Market Close

NZ sharemarket hit lowest point in nine months

The S&P/NZX 50 Index closed at 12,076.85, down 89.29 points or 0.73%.

Graham Skellern 6:10pm

NZ sharemarket hit lowest point in nine months

Markets

Takeovers Panel probing NZME board coup

However, lawyer says Jim Grenon's board proposal doesn't appear to breach rules.

Rebecca Stevenson 11:00am

Sponsored

The new face of luxury Scotch: Harrison Ford, the Traitors castle and an E-Type Jag

Harrison Ford’s Glenmorangie campaign breaks all the rules.

Glenmorangie Whiskey

Sponsored

Mastering market swings

ETFs can be a "smart" way to build a long-term, diverse portfolio.

Smart

More Finance

Finance

FMA files criminal charges against David McEwen

New Zealand’s financial watchdog has filed criminal charges against former financial adviser David McEwen for allegedly failing to comply with a stop order, which prevented him from contacting potential investors.The Financial Markets Authority (FMA) had made a permanent stop ord...

Staff reporters 2:57pm