Janie Elrick appointed to CDI Board

APPOINTMENT OF JANIE ELRICK AS INDEPENDENT NON-EXECUTIVE DIRECTOR

CDL Investments New Zealand Limited (“CDI”) is pleased to announce that it has appointed Janie Elrick to its Board effective from 1 November 2024.

CDI Chair Desleigh Jameson said that the company had made the appointment after a detailed and thorough search and interview process. The Board had also determined that Ms. Elrick was an Independent Director for the purposes of NZX Listing Rule 2.6.2.

“I am delighted that we have been able to secure someone with extensive finance and governance capabilities who will add a great deal of value to CDI”, she said. “Her background across many diverse industries in New Zealand and her passion for creating commercial success are attributes which we have been looking for especially as CDI continues to grow as a business”.

Ms. Elrick said that she was looking forward to joining CDI.

“CDI has developed an excellent reputation over many decades for its successful residential property developments across the country and I am really looking forward to being part of the company and helping it flourish further”, she said.

Janie has been the Chief Financial Officer of Downer NZ, Steel & Tube, Livestock Improvement Corporation, Synlait and Zespri. She is currently a director of Crown Irrigation Investments Limited and also of Inframax Construction Ltd and Community Living Trust where her financial expertise, professionalism and strong ethics are respected by their respective Chairs. She is a Chartered Accountant and a member of the NZ and Australia Institute of Chartered Accountants.

-ENDS-

Issued by CDL Investments New Zealand Limited

About CDL Investments New Zealand Limited:
CDL Investments New Zealand Limited (NZX:CDI) has a proud track record of acquiring and developing residential sections in New Zealand for over two decades. With a focus on creating and developing a range of high-quality residential sections to New Zealanders, CDI has successfully completed numerous subdivision projects in Auckland, Hamilton, Tauranga, Hastings, Havelock North, Taupo, Nelson, Christchurch, Rolleston (Canterbury) and Queenstown. More recently, CDI has successfully completed commercial property projects including industrial warehouses in Wiri, South Auckland and neighbourhood centres at Prestons Park, Christchurch and Stonebrook in Rolleston. CDI is a majority-owned subsidiary of NZX-listed Millennium & Copthorne Hotels New Zealand Limited.

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