NZME Limited (ASX:NZM) Updates Director Nominations
Director Nominations and Proposals
NZME Limited (NZME) has received notifications of withdrawals in director nominations by Mr Louis Joseph and JTG. Consequently, the current nominations for consideration at the Annual Shareholders’ Meeting include Mr Steven Joyce and Mr James (Jim) Grenon, both of which are supported by the Board. There are no remaining proposals to remove existing directors.
Update on Current Directors
Barbara Chapman will retire as a director and Chairman at the close of the ASM, ending her tenure since April 2018 and as Chairman since June 2020. Sussan Turner plans to seek re-election with full support from the Board. Carol Campbell intends to remain until a suitable independent director is appointed to replace her.
Potential Board Composition
If appointed, the new Board will include Mr Steven Joyce, Mr James (Jim) Grenon, and Mr Bowen Pan, among others. Mr Joyce is expected to become Chairman, with support from Mr Grenon. The Board believes the new composition will strengthen NZME’s business direction and shareholder value.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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