Appointment of Director

ADMIN
Tue, Apr 29 2025 12:25 pm

The Chairman of The Colonial Motor Company Limited (CMC), Ashley Waugh, has announced the appointment of John Alexander Beveridge as an independent director of the Company; the appointment being effective from 29 April 2025.

John is an experienced director in both the public and non-public company environments and has held a number of senior management positions with both listed and unlisted companies. He is currently a director of NZX-listed Steel & Tube Holdings Ltd and chair of the non-public NZ Scaffolding Group of companies.

John’s corporate career included senior management roles with Fletcher Building, where he was the CEO of Placemakers, following earlier leadership roles with Pacific Steel and Golden Bay Cement.

As a director appointed by the Board, John will be subject to election at the next meeting of the Shareholder, which is currently scheduled to be the 2025 Annual Meeting set down for 7 November.

The Board has determined that, for the purposes of Listing Rule 2.6.1, John Beveridge is an Independent Director.

The CMC Directors welcome John to the Board.


Announcement PDF


Markets News

'Slow and disappointing' start to the year for Mainfreight
Markets

'Slow and disappointing' start to the year for Mainfreight

The freight and logistics firm said profits were down across its three main divisions.

Property

Ryman toils to rebuild shareholder confidence

"When is the total board going to resign?" asked one shareholder.

Ryman toils to rebuild shareholder confidence
Primary Sector

Synlait shares slump 11% even as outlook brightens

The market is disappointed about manufacturing challenges. 

Synlait shares slump 11% even as outlook brightens