Rick Bettle exits Powerco as Dominion Finance trial looms

Tue, 25 Jun 2013

June 25 (BusinessDesk) - Rick Bettle has stepped down as chairman and director of lines company Powerco, his second exit in as many weeks, ahead of his July trial relating to failed lender Dominion Finance. Bettle ceased to be a director of Powerco NZ Holdings and a raft of subsidiary companies today, according to documents filed with the Companies Office. Powerco spokesman Neil Holdom said the company had “no comment on the matter”. His exit comes as a Powerco stake is up for grabs with Canada’s Brookfield Infrastructure Partners looking t...

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