Retirement of Chairman
Downer EDI Limited (Downer) today announced that Mark Chellew has decided to resign from his role as Independent Non-executive Director and Chairman, effective immediately.
The Board is pleased to confirm that Deputy Chairman Mark Menhinnitt has been elected as Acting Chairman, effective from today.
The Board thanks Mr Chellew for his leadership of the Company during a challenging period and wishes him the very best for the future.
Stats NZ data showed NZ's gross domestic product fell 0.9% in the June quarter.
A ‘gold standard’ approach and siloed structure slow the ComCom down.
Economists expect NZ GDP to shrink 0.3% in the June quarter after March growth.
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