Latest Breaking News On - Tim cosgrove - Page 7 : comparemela.com

Marlborough Lines managing director Ken Forrest is stepping down after 42 years in the power industry. A long-serving Marlborough Lines manager received more than his annual salary for six months’ work when he retired at the end of last year. The “special payment” to former managing director Ken Forrest was questioned at a public power trust meeting on Monday, along with a decision to give the company’s seven directors an 8 per cent pay rise, the same year the trust decided not to give power users an annual distribution payment. The trust decided not to make the distribution payment, due to be paid next February, following a “disappointing” trading year for wine company Yealands, which the lines company paid $89 million for an 80 per cent stake in 2015, and $22.8m for the rest in 2018.

Gareth jonesTim smitTim cosgroveKen forrestPeter radichDavid taylorDomenic romanoIan martellaPeter forrestForrest at monday marlborough electric powerYealands wine groupNational stuart smithMarlborough linesMarlborough electric power trustNicki stretchStuart smith