Friday, 11 August 2017 10:08

New directors join Wools of NZ board

Written by 
Wools of New Zealand chair Mark Shadbolt. Wools of New Zealand chair Mark Shadbolt.

Three new appointments have been made to the Wools of New Zealand board.

Wools of New Zealand chair Mark Shadbolt says the appointments have come as a result of a rigorous search and selection process and many hours were spent finding the right Directors who have the required specific skill sets and bring diversity of thinking.

“They are all well equipped to do the job we need today and importantly, have the ability to look to the future and think globally. It also sends an important message of confidence in the strategy behind Wools of New Zealand that we have been able to attract directors of this calibre, particularly given we are a young company coupled with the challenges facing the industry as a whole.

Highly respected auditor Ian Marshall, an independent director will also chair the audit and risk committee, “strengthening the strategic direction and financial acumen around the board table and within the company”.

The other directors are independent Rebecca Smith and grower-appointed Lucy Griffiths.

Shadbolt says they were “a very deliberate decision to capture real and proven international sales and marketing expertise and experience alongside the ability to tap into their global market insights and networks.”

Shadbolt says the director appointments had to be right given the key role they will play at the board table in the interests of grower shareholders “who are putting their futures in our hands.

“These new directors understand strategy, sales, branding and marketing, how to tell our story around the world and they acknowledge the disciplines and responsibilities important to a 100% grower owned company. They have all signed up to delivering consistent and greater returns to grower shareholders.

“I have no doubt about these people as directors. We have already seen the benefit of their insights and knowledge when they joined us at our last board meeting. The appointments provide balance and a range of expertise and connections both globally and locally that will assist the rapid progress of growth required for Wools of New Zealand to succeed on the world stage.”


More like this

Wool’s wretched woes

Having 60% of the nation’s wool exports going to China and continuing to sell wool as a commodity has left us exposed, says Wools of NZ chairman Mark Shadbolt.

Former wool boss unimpressed

Wools of New Zealand (WNZ) has posted its first after-tax profit of $1.48 million for the year ending June 2016, but former chief executive Ross Townshend is keeping up the pressure.

New hope for strong wool?

Wools of NZ (WNZ) hopes to determine by March next year the commercial viability of new technologies for improved whiteness and dyeing of strong wool, says chief executive Rosstan Mazey.

Wools of NZ protects brand

Wools of New Zealand (WNZ) is using world-leading traceability technology from Oritain, Dunedin, to strengthen the credibility and integrity of its products and combat unethical behaviour.


» Latest Print Issues Online

The Hound

Blast from the past

Your canine crusader hears that the failed former meat company chief executive Graeme Thompson is about to publish a book …

Bottom line

While the nation waits for the former MP for Northland to decide who the new government will be (don’t you…


» Connect with Rural News



South Island wool sale eases

South Island wool sale eases

The 4700 bales on offer saw a 74% clearance with mixed results, however all prices paid locally are still above…

Wool continues to ease

Wool continues to ease

The 7250 bales of North Island wool on offer saw a 72% clearance with most types easing further.