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AOF - Governance Changes - New Chair and two new directors

AOF - Governance Changes - New Chair and two new directors
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Wellington Drive Technologies appoints CEO

Greg Balla will replace Greg Allen, who stepped down at the end of March 2021. Fri, 07 May 2021 Greg Balla After an extensive international chief executive search process, Wellington Drive Technologies’ board of directors has announced that Greg Balla has accepted the role. He is expected to assume the role on a full-time basis on September 1, 2021, replacing Greg Allen who stepped down at the end of March 2021. Wellington chair and interim chief executive Gottfried Pausch said: “We have found a new CEO with strong leadership experience in agile product innovation, organisational development and running global businesses. Greg’s broad background in strategy and execution places us in a great position to achieve long-term sustainable growth.

Wellington Drive upgrades revenue forecast but costs restrict profit outlook

Internet of things company expects around breakeven pre-tax profit result for the 2021 year. Refrigeration technology supplier Wellington Drive Technologies is predicting record revenue for the full year after a strong first quarter, although cost and supply chain pressures are dampening the profit outlook. In a statement to the NZX, the company said its earnings before interest and tax for the three months to March were $0.5 million from revenue of $14.6m. While revenue was down on the same period a year earlier in New Zealand dollar terms, chair and acting chief executive Gottfried Pausch said the outcome represented a great quarter with strong trading, a big increase in our forward order position and a

Announcing Traci Houpapa s Appointment To The SfTI Board

Wednesday, 3 March 2021, 8:57 am Traci Houpapa (Waikato Maniapoto, Taranaki, Tūwharetoa) MNZM JP joins the Science for Technological Innovation (SfTI) National Science Challenge Board. SfTI is pleased to announce Traci Houpapa appointment to its Board: “Traci is a well-known and a highly respected Māori leader. It is an honour to welcome her to our Board with the wealth of expertise and knowledge she brings, along with her strong relationships with Māori, iwi and business sectors,” says John Bongard ONZM, CRSNZ and inaugural SfTI Board Chair. Traci is committed to encouraging and promoting Māori participation and leadership in agribusiness technology development. She has been an avid

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