Board battle over: Rakon will get new look board in weeks, Robinson says

Board battle over: Rakon will get new look board in weeks, Robinson says
Lorraine Witten will leave Rakon board but independence is assured, Brent Robinson says (Image: NZME/Jacques Steenkamp)
Rebecca Stevenson
Rakon confirmed that it is Lorraine Witten’s intention to leave the board once a majority-independent board has been appointed.Earlier, Rakon director Brent Robinson said Witten will indeed leave its board, which could signal the end of an extraordinary period of turmoil at the tech firm.On Thursday morning, Robinson said he and Witten had now "agreed on a clear path forward to establish a board with a majority of independence".However, that board won't include Rakon's chair. Rakon shares were put into a trading hal...

More Markets

NZ stocks claw back lost ground to end up 0.8%
Markets Market Close

NZ stocks claw back lost ground to end up 0.8%

A gain in Ebos and expectations of lower interest rates have boosted NZ stocks.  

Jamie Gray 19 Sep 2025
FMA gets eligible investor certification clarity
Finance

FMA gets eligible investor certification clarity

High Court Justice Sally Fitzgerald released a 45-page judgment on Thursday.

Staff reporters 19 Sep 2025
Major stock moves expected as index reshuffles hit markets
Markets

Major stock moves expected as index reshuffles hit markets

Analysts are anticipating the week will end with significant volume and volatility.

Gregor Thompson 19 Sep 2025
Sharesies’ app affected by more than hour-long outage
Finance

Sharesies’ app affected by more than hour-long outage

Sharesies portfolio app was down for more than an hour, frustrating US-focused investors.

Andy Macdonald 19 Sep 2025