Published 31 May 2010
South Canterbury Finance Ltd chairman & controlling shareholder Allan Hubbard has decided to become president for life and step aside as a director.
Mr Hubbard said the position had been created to reflect his special role & contribution to the company over several decades. It would enable a greater focus on finding a new equity partner and assist the drive to improve liquidity.
He will continue to attend meetings of the board, which will convene soon to appoint a new chairman. Ed Sullivan said on Friday he’d retire with effect from Monday, 31 May.
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Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.