Turners Auctions Limited is pleased to announce the appointment of Mr Paul
Byrnes to the Board, effective immediately.
Mr Byrnes is a professional director with 25 years commercial experience
across a number of sectors including finance, textiles, software and
engineering. He is chairman of Top Energy, executive director and acting CEO
of Dorchester Pacific, the NZX listed finance and insurance company, and a
director of NZX listed investment company, Hellaby Holdings.
Chairman of Turners Auctions, Mr Michael Dossor, commented: "We are pleased
to welcome Paul to the Board. He is an experienced director, and his
knowledge of the vehicle finance and insurance markets, in particular, will
be of value to Turners as we continue to grow in this strategically important
area of our business."
Mr Byrnes has been appointed to replace Brian Gaynor, who has resigned from
the Board following the agreement by interests associated with Milford Asset
Management to sell their 18.2% shareholding in Turners Auctions Limited to
Dorchester Pacific Limited.
Mr Byrnes has been appointed to the Turners Board by the current Turners
directors, as permitted by the constitution of the company, and will hold
office until Turners 2013 annual meeting at which time he will offer himself
for election by shareholders.
For more information please contact:
Michael Dossor
Executive Chairman
021 647807
For and on behalf of the company:
A D Saunders
Chief Financial Officer / Company Secretary
End CA:00234935 For:TUA Type:DIRECTOR Time:2013-04-05 15:03:50