Alliance plans to offload 65% of shares for $250m
Alliance Group has announced plans to sell a 65% stake in the farmer-owned co-operative to Irish meat processor Dawn Meats Group for $250 million.
Currently, Day sits on the boards of Datacom and the Institute of Directors. Previously, he has been interim chief executive of New Zealand Green Investment Finance and a director of Christchurch City Holdings and Centreport.
Day will chair Alliance’s Audit and Risk and Capital committees.
Day says he is pleased to be joining the Alliance Board.
“I look forward to contributing my experience to help shape the future of this iconic New Zealand business.”
Alliance chair Mark Wynne says Day brings valuable expertise to the board.
“He has significant experience in transformation and finance, along with a strong ability to provide an independent perspective,” Wynne says.
Day replaces Simon Robertson who steps down from the board at the end of March.
Wynne says he thanks Robertson for his dedication and contributions to the board over the past three and a half years.
“He has been a highly engaged and valued member of the Board. As chair of our Audit and Risk, Enterprise Resource Planning, and Capital committees, his breadth of knowledge, keen insight and ability to navigate complex issues have been exceptional,” he says.
