New Board of Directors Appointed
ADMIN
Wed, Nov 20 2024 10:57 am
Arvida Group Limited (Arvida) advises that the existing directors of Arvida have resigned effective today following the scheme of arrangement with Stonepeak Alps BidCo Limited (Stonepeak) being implemented.
As Arvida’s sole shareholder, Stonepeak has appointed a new Board of directors for Arvida as follows:
• William (Bill) McDonald, independent director
• Darren Keogh, Senior Managing Director, Stonepeak
• Yuexin (Peter) Han, Principal, Stonepeak
The Board will be chaired by Bill McDonald who has extensive health and aged care industry experience, and was previously Chief Executive of Arvida.
– Ends –
Announcement PDF
Markets News
Markets
Market Close
Spark share collapse leads NZ sharemarket down
The S&P/NZX 50 Index closed down 0.99% or 127.78 points.
Markets
Spark valuation plummets $1 billion as profit crashes
Spark has reported a 78% fall in net profit to $35 million in the first half of its 2025 financial year and reduced its full-year operating earnings guidance. However, it has maintained its revised full-year dividend guidance.Shares – already down 42% over the past year after two...
