Takeovers Panel Re-Appointments

Minister of Commerce Lianne Dalziel today announced two re-appointments to the Takeovers Panel.

“The enforcement, approval and exemption provisions in the Code and the Act involve the exercise of wide-ranging powers where decisions are required to be made very quickly. I am grateful that individuals continue to give their time, energy and expertise to the Panel,” said Lianne Dalziel.

Tony Frankham, an Auckland-based independent financial analyst and company director. He has broad commercial experience with particular expertise in company valuations and is highly regarded as an expert witness in Court. He has been personally involved with many companies that were subject to takeovers prior to the code. On 1 October 2005 he became a consultant of Grant Thornton following a merger with Frankham Lyne Limited. He is on the board of Auckland International Airport Limited and Chair of New Zealand Experience Limited. He has previously served two terms on the Securities Commission and is a life member and past president of the Institute of Chartered Accountants. Tony Frankham has been re-appointed through to 15 December 2006.

Sue Suckling is a Christchurch-based director and consultant with significant experience in agriculture, food and science sectors. She has in-depth commercial experience with large and small organisations in both the public and private sectors. She is the Chair of the National Institute of Water & Atmospheric Research and Agriquality New Zealand Limited. Sue Suckling’s private directorships include Barker Fruit Processors Limited and Carsons South Island Limited and previously Westpac Trust Investments Ltd and Southpower. In 1996 Ms Suckling was awarded an OBE for her contribution to New Zealand business. Sue Suckling has been re-appointed for a second term through to 15 December 2010.

For further information on the Panel see www.takeovers.govt.nz