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Wynyard makes more board changes

NZN 30/05/2016 Paul McBeth

Wynyard Group is continuing with its boardroom refresh with two new appointments and has appointed an interim chief financial officer.

The Auckland-based intelligence software developer appointed New Zealand Venture Investment Fund chief Richard Dellabarca as deputy chair and former NextWindow executive Martin Riegel to its board as interim directors, it said.

They will replace Murray Horn and Richard Twigg, who will retire at next month's annual meeting, after sitting on the board since Wynyard's inception.

"The Wynyard board bench strength has been bolstered with deep, relevant technology and market expertise to provide mentoring and support to executives," chairman Guy Haddleton said.

"This couple with strong governance, risk management, and regulatory expertise will further help shape Wynyard's future performance."

Mr Twigg's exit leaves just Mr Haddleton and managing director Craig Richardson on the board from Wynyard's formation with Susan Patterson not seeking re-election at next month's meeting.

Separately, the company said NZME's former chief operating officer Phil Eustace has taken over as the software developer's interim CFO, replacing Murray Page whose resignation is effective from Tuesday.

The company's shares last traded at 71 cents and have dropped 60 per cent this year. This week Wynyard was queried over a 21 per cent slump over a two-week period, though it had nothing to disclose.

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