Tower Group Managing Director to Stand Down

Published: Thu 21 Mar 2013 10:22 AM
Tower Group Managing Director to Stand Down
Auckland – (NZ) TOWER Limited today announced the Group Managing Director Rob Flannagan has given formal notice to the Board under his employment contract.
Mr Flannagan said: “It was important to me that I oversaw the completion of the strategic review implemented by the TOWER Board and this has been done. TOWER now has a refreshed Board with a clear direction of where it wishes TOWER to be in the future. It is time to step aside to allow a new leader to guide the company in its preferred direction. I look forward to working with the Board for a smooth transition."
Interim TOWER Chairman Steve Smith said:
“Rob Flannagan has led TOWER for the past seven years. He has guided this company though challenging times such as the establishment of the New Zealand TOWER Group on the sale of the Australian operations, the global financial melt-down and the Christchurch earthquakes. He has strengthened and built shareholder value every step of the way during his tenure. We are disappointed to lose Mr Flannagan but we thank him for his immense contribution to TOWER and wish him every future success.”
Under the terms of Mr Flannagan’s contract a 12 month notice period is required.

Next in Business, Science, and Tech

Snail's pace: Aucklanders face frustrating commute over Harbour Bridge
COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy
By: Statistics New Zealand
Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate
By: Joint Press Release
Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea
By: Ministry For Primary Industries
New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand
By: IDC New Zealand Ltd
Public Transport Distancing Requirements Relaxed
By: Ministry of Health
New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs
By: New Zealand Hemp Industries Association Inc
One In 14 Employed People Report High Risk Of Losing Jobs
By: Statistics New Zealand
ASB Quarterly Economic Forecast Shows NZ Economy Doing Better Than Expected, But Challenges Remain
Live Export Ship Carrying 5,800 New Zealand Cows Goes Missing In East China Sea
FMA Releases Report Into Active And Passive Fund Management
By: Financial Markets Authority
Engineers Assess Damage To Auckland Harbour Bridge After Truck Strike
By: NZ Transport Agency
Motorists Urged To Avoid Damaged Auckland Harbour Bridge
By: NZ Transport Agency
Harbour Bridge: Public Transport A Great Option And Plan Ahead
By: Auckland Transport
Second Harbour Crossing Needed Now, More Than Ever
By: New Zealand National Party
View as: DESKTOP | MOBILE © Scoop Media