01/09/2015 - General News
Z Energy Chair, Peter Griffiths, today announced the appointment of Mark Cross to the Z Board as an independent director.
Mark is a professional director with a background of more than 20 years in investment banking in New Zealand, Australia and the UK. Mark holds a number of diverse directorships, including with Genesis Energy Limited, Argosy Property Limited, Milford Asset Management and Triathlon New Zealand, and is the Chair of MFL Mutual Fund Limited/Superannuation Investments Limited. Mark is a member of Chartered Accountants Australia and New Zealand and a member of the New Zealand Institute of Directors.
Peter Griffiths said Mark will bring a wealth of valuable commercial experience to the Z Board.
“Mark has extensive experience in financial markets and in the governance of a range of organisations, including publicly listed companies,” said Peter. “I am very pleased to welcome him to the Z Board.”
Peter Griffiths said the Board has been actively planning for Mark’s recruitment as part of its broader director succession planning process and expects to make further Board appointments over the coming months.
In accordance with the NZX Main Board/Debt Market Listing Rules and the ASX Corporate Governance Principles and Recommendations, the Board also determined that Mark is an independent director.
Mark’s appointment to the Z Board takes the number of directors to eight, with six independentand two non-independent directors. Mark’s appointment takes effect today.