Xero chairman Chris Liddell resigns to take Trump job, director Graham Smith takes over
By Paul McBeth Jan. 19 (BusinessDesk) - Xero chairman Chris Liddell will step down from the board at the end of the week to take up a role in US president-elect Donald Trump's administration. US-based director Graham Smith, a former Salesforce chief financial officer, will...
Australian's Bega buys rights to Vegemite, Kraft brands from Mondelez for A$460M
By Paul McBeth Jan. 19 (BusinessDesk) - Australian-listed dairy company Bega Cheese will buy the bulk of Mondelez International's trans-Tasman grocery business, including the flagship Vegemite brand, for A$460 million. The deal will be fully funded by Bega's existing A$500...
Heartland names Air NZ's deputy finance chief David Mackrell as new CFO
By Paul McBeth Jan. 19 (BusinessDesk) - Heartland Bank has named Air New Zealand deputy finance boss David Mackrell as its new chief financial officer. The incoming CFO will start on Feb. 15, replacing Simon Owen who announced his resignation in November, ending a 13-year...
Steel & Tube staffer pays 97% premium to fully paid for shares held under 24-year old scheme
By Paul McBeth Jan. 18 (BusinessDesk) - A Steel & Tube Holdings worker paid a 97 percent premium to cover the rest of what had been partially paid shares issued under the steel product maker's old executive share scheme. On Dec. 6, a Steel & Tube employee paid $43,200, or...
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