Spark New Zealand outgoing Chair’s final message

Company News

by Jessica Amir

NZ telecommunications giant, Spark New Zealand (ASX:SPK) says while its outgoing Chair passes over the baton to Justine Smyth the company is positioning itself for the digital future, with a strong female team. 

Mark Verbiest has been at the helm for 6 years and fairwelled shareholders at his final AGM.

Mark says the business now has A highly talented bench of women including the appointment of Justine Smyth as Chair, coupled with the appointment of two other women, plus other senior management.

Spark New Zealand says it’s in a much better shape than it was five years ago. Despite seeing its revenues drop from FY12 to FY17, its EBITDA remained around the billion dollar mark and its dividends increased by 25 per cent.

Shares in Spark New Zealand (ASX:SPK) closed 0.6 per cent lower yesterday to $3.31.
 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.