Pryke to step away from Contact chair: new skills needed, too much history

Sun, 16 Aug 2015

By Pattrick Smellie Aug. 17 (BusinessDesk) - Contact Energy's interim chairman and longest-serving director, Phil Pryke, will not stand again for the chairmanship of the company he helped form in 1995. Pryke explained his decision in an interview with BusinessDesk as Contact announced a "disappointing" 43 percent drop in net profit for the year ended June 30 to $133 million and the closure by the end of next month of the Otahuhu-B gas-fired power station, which just a decade ago was part of the backbone of the New Zealand electricity syst...

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