Infratil chairman David Newman takes medical leave of absence

Tuesday 8th October 2013

Infratil chairman David Newman has stepped down from the board of the infrastructure investor for a period of medical leave.

Newman, who has been chair since 2004, will also take a leave of absence of Wellington International Airport, where he is also chairman, and from his director's role at Infratil Airports Europe, the company said in a statement. He has been a director at Infratil since 1994, the year the infrastructure investor was listed by late founder Lloyd Morrison.

This week brokerage First NZ Capital said Infratil's stock was undervalued after the company's selldown of its stake in Z Energy, resuming coverage with an 'outperform' rating.

The shares rose 0.4 percent to $2.51 yesterday, and have climbed 11 percent this year.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes