Rangatira’s Chief Executive Ian Frame to Retire at end of June
6 March 2014
Wellington investment company Rangatira today announced that its chief executive, Ian Frame, has decided to retire at the end of June this year.
Chairman David Pilkington said, “Ian has been our chief executive for the past 11 years and has led the business through a period of strong growth and performance. Under his leadership, the value of Rangatira’s assessed asset backing has grown from $102 million to $187 million. In addition, over $70 million of dividends has been paid to shareholders.
“On behalf of the directors and shareholders, I want to acknowledge the very significant contribution Ian has made to the company’s success through a period of challenging economic circumstances including the aftermath of the global financial crisis. He will leave Rangatira with a very strong balance sheet and well positioned for future growth.
“The Rangatira Board has begun a process to recruit a replacement and an announcement regarding the outcome will be made in due course,” David Pilkington said.