28 November 2012
MEDIA RELEASE
Haier Reaffirms Commitment to Keeping Fisher & Paykel Appliances Kiwi
Fisher & Paykel Appliances Holdings Limited (Fisher & Paykel Appliances) has been delisted from the NZX. Haier New Zealand Investment Holding Company Ltd (Haier) has
reaffirmed its commitment to keeping Fisher & Paykel Appliances Kiwi, even though it is no longer listed on the NZX.
Chairman of Haier New Zealand Investment Holding Company Ltd, and President of Haier White Goods Group, Liang Haishan
said Haier recognised Fisher & Paykel Appliances was a unique Kiwi company.
“We think a key part of Fisher & Paykel Appliances success is driven by the culture of the company – things like inventiveness and willingness to take
on the world despite its size. There is also a family spirit about the company. These things reflect New Zealand values
and we want to retain them,” Mr Haishan said.
He said Haier was very firm in its intentions to supporting the existing business strategy of Fisher & Paykel Appliances, to retaining its CEO and head office in New Zealand, and to retaining the current ratio of New
Zealand and Australian independent directors on the company’s board for at least the next two years, and would only
change these intentions after consultation with the Fisher & Paykel Appliances board.
“We see these as clear signals of our intentions to grow Fisher & Paykel Appliances as a New Zealand company on the world stage with the backing of Haier. We are very excited by the
prospect.”
ENDS