Manawa Energy’s GM Growth and Trading Rob Buchanan has resigned to become the CEO at NZX-listed fuel infrastructure company Channel Infrastructure.
Manawa Energy CEO David Prentice said the resignation was a surprise, but would not distract the company from the pursuit of its strategy.
“It is business as usual for Manawa. We have an exciting chapter ahead as we pursue our asset enhancement programme and build out our pipeline of renewable generation development option".
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
Forsyth Barr says a premium valuation is now warranted.
The only worst performer is the Norwegian krone.
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