Rangatira names Phil Veal as CEO, says likely to up Magritek investment

Mon, 04 Aug 2014

By Jonathan Underhill Aug. 4 (BusinessDesk) - Rangatira, the Wellington-based investment group, named Phil Veal as chief executive and told shareholders magnetic resonance imaging firm Magritek is probably performing well enough to trigger a further investment. Veal, whose roles include chairman of Kea, the networking company for New Zealanders set up by Warehouse Group founder Stephen Tindall, will start with Rangatira in September. He replaces Ian Frame, who stepped down in June after an 11-year tenure. Veal takes over an investment...

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