David Cushing appointed to Skellerup Board / Sir Selwyn Cushing and Ian
Parton to retire at upcoming ASM
Skellerup today announced the appointment of David Cushing to its Board as a
non-executive director.
A former investment banker with more than 20 years'' experience as a director
of listed companies including Williams & Kettle Limited, Tourism Holdings
Limited, Acurity Health Group Limited and NPT Limited, Mr Cushing is
currently Executive Chairman of Rural Equities Limited, Managing Director of
private investment company H&G Limited and a director of ASX listed
agribusiness Webster Limited.
Skellerup Chair Liz Coutts said David Cushing''s experience across a broad
range of industries, combined with his financial expertise, made him a
valuable addition to the company''s Board.
David''s appointment coincides with the announcement that Sir Selwyn Cushing
will retire at Skellerup''s Annual Shareholders Meeting in October 2017.
Mrs Coutts paid tribute to Sir Selwyn, who stepped down as Chairman in
January this year, saying his first association with the company was in 1981
and that he had played a vital role in steering the company in his latest
tenure of almost 10 years.
"Skellerup shareholders have benefited greatly from Selwyn''s leadership and
business skill. Selwyn has a long association with the business. He most
recently joined the Board in 2007 at a time when the company needed change
and the balance sheet needed strengthening. His credibility was a key factor
in successful capital raisings along with new Board and management
appointments. With these changes complete he has ensured the Board and
management remained firmly focused on continually improving the business and
therefore returns for all shareholders. Selwyn will step down having
successfully chaired the company through a period of significant investment
in our new dairy rubberware facility in Christchurch. This is another example
of his leadership and courage providing benefits that our team and
shareholders will enjoy for many years to come."
Skellerup also announced that Ian Parton, a director since May 2011, would
retire from the Board at the upcoming ASM.
Mrs Coutts said Mr Parton''s combination of governance and engineering
expertise had been of great value to Skellerup, particularly during the
design and construction of its new facility in Christchurch.
For further information please contact:
David Mair
Chief Executive Officer
021 708 021
Graham Leaming
Chief Financial Officer
021 271 9206
For media queries please contact:
John Redwood
Senescall Akers Limited
021 581 234
Geoff Senescall
Senescall Akers Limited
021 481 234
End CA:00305791 For:SKL Type:GENERAL Time:2017-08-21 08:30:07