Published 10 June 2010
South Canterbury Finance Ltd appointed Bill Baylis as independent chairman yesterday, replacing founder Allan Hubbard, who was made president for life on 28 May.
The appointment comes in a continuing series of announcements by South Canterbury, which brought banking & restructuring expert Sandy Maier in as chief executive.
Mr Baylis, of Queenstown, Stuart McLauchlan of Dunedin & Denham Shale of Auckland were all appointed to the board on 20 October 2009. Mr Baylis said South Canterbury Finance was making solid progress towards rebuilding a sound financial footing for the future. He’s a former partner of accounting firm KPMG, has broad governance experience over a range of industries, is chairman of Real Journeys Ltd, a director of Landcorp Farming Ltd, Port of Tauranga Ltd, (where he’s chairman of the audit committee) & several private companies. He’s a former chairman of Pyne Gould Guinness Ltd, PGG Wrightson Ltd & Naylor Love Enterprises Ltd. Mr Baylis is also a fellow of the Institute of Chartered Accountants and the Institute of Management, an accredited fellow of the Institute of Directors in New Zealand and chairman of its accreditation board.
9 June 2010: South Canterbury Finance announces roadshow
31 May 2010: Hubbard now president for life, Sullivan exits
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Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.