Gary Paykel Delays Retirement from Fisher & Paykel Appliances Board
Jun 10, 2011
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Gary Paykel agreed to defer his retirement as a director on the board of Fisher & Paykel Appliances Holdings Ltd. by 12 months after a request from the board.
As part of the company's Director Succession Plan, Lindsay Gillanders retired from the board in August 2010. Ralph Waters stepped down as chairman and resigned from the board in February 2011. John Gilks is to retire at the 2011 Annual Shareholders Meeting in August and Peter Lucas will retire in 2012.
Recent director appointments included Simon Botherway in August 2009; Dr. Keith Turner in November 2010, subsequently appointed chairman in February 2011; and Bill Roest in March 2011.
The board has, however, had two unexpected changes. Simon Botherway gave notice in March of his intention to resign as a director on April 30, 2011, to pursue other career interests. Philip Carmichael announced in March that he would be resigning from the Haier Group and from the board and Liang Haishan of the Haier Group was appointed a director on April 14, 2011.
Two new board appointments will be announced this year, but Gary Paykel’s understanding of F&P operations, products, and key markets will provide an overlap of experience and stability.
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