New Contact chairman confuses companies, Pryke steps down

Wed, 09 Dec 2015

By Pattrick Smellie Dec. 9 (BusinessDesk) - Contact Energy shareholders met for the company's annual meeting in Wellington, disgruntled by a 5 percent earnings downgrade and an 8 percent slump in the share price this week, only to have their new chairman-elect confuse which company he was addressing. Celebrated Australasian business leader Ralph Norris, a director until September of Contact's former cornerstone shareholder Origin Energy, referred on three occasions to Contact as Origin in his first outing in front of around 200 shareholde...

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