Pryke to leave Contact board after 20 years, Ralph Norris new chairman

Fri, 11 Sep 2015

By Pattrick Smellie Sept. 11 (BusinessDesk) - Contact Energy's interim chairman Phil Pryke is to stand down from the board of the company he helped found 20 years ago, to be replaced as chairman by one of Australasia's most respected business leaders, Ralph Norris. Pryke's decision to stand aside is understood to follow strong opposition to his continued involvement by institutional investors who urged the company to use the departure from the share register of majority shareholder Origin Energy to pursue a fresh start. “It is with a g...

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