Stride Property Limited (SPL) and Stride Investment Management Limited (SIML) advise that Director Jacqueline Cheyne will retire from the Boards of SPL and SIML, with effect from 30 November 2024.
Jacqueline has been a Director of Stride for over five years, and Chair of the Stride Sustainability Committee since its establishment in 2020. Jacqueline has led the development of Stride’s sustainability strategy and oversaw the completion of Stride’s first mandatory climate report in 2024.
Chair Tim Storey commented “We are very grateful for the dedicated service of Jackie Cheyne during her tenure as a director of Stride. Jackie has been instrumental in developing Stride’s sustainability strategy, and we wish her well in her future endeavours.”
The Board will now undertake a process to appoint a new Director to ensure the Boards continue to have the required skills to deliver on Stride’s funds management and property investment strategy.
Following the resignation of Jacqueline Cheyne, the Boards of SPL and SIML have elected to dis-establish the Sustainability Committee of the Boards, with the Audit and Risk Committee assuming responsibility for oversight of Stride’s sustainability activities and climate risks. The Stride Boards consider that having a single Committee oversee Stride’s management of risk, both climate and business risks, will ensure an appropriate and consistent approach to risk management.
Ends
For further information please contact:
Tim Storey, Chairman, Stride Investment Management Limited / Stride Property Limited
Mobile: 021 633 089 - Email: [email protected]
Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited
Mobile: 021 230 3026 - Email: [email protected]
Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited
Mobile: 021 536 406 - Email: [email protected]
Louise Hill, General Manager Corporate Services, Stride Investment Management Limited
Mobile: 0275 580 033 - Email: [email protected]
A Stapled Security of the Stride Property Group comprises one ordinary share in Stride Property Limited and one ordinary share in Stride Investment Management Limited. Under the terms of the constitution of each company, the shares in each can only be transferred if accompanied by a transfer of the same number of shares in the other. Stapled Securities are quoted on the NZX Main Board under the ticker code SPG. Further information is available at www.strideproperty.co.nz or at www.nzx.com/companies/SPG.
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