New Chair for Skellerup

18 January 2017 New Chair for Skellerup Holdings Liz Coutts is the new Chair of NZX-listed Skellerup Holdings. Ms Coutts's appointment, follows Sir Selwyn Cushing's decision to step down from the Chairmanship after 10 years in the role. Ms Coutts joined Skellerup's Board in 2002, and is currently chair of the company's Audit and Risk Management Committee. Ms Coutts said it was an exciting time for Skellerup, which has delivered solid results over the past couple of years despite many of its key customer groups having to manage tough market conditions. Ms Coutts paid tribute to Sir Selwyn's contribution and noted he remains a director and Skellerup's largest shareholder. "Selwyn has been an outstanding Chairman. Under his leadership Skellerup has greatly improved its performance to deliver shareholders consistent financial results, a robust financial position and increased dividends. His are big shoes to fill." Over the past 20 years, Ms Coutts has been a director of companies operating in various sectors including primary production, manufacturing, logistics, and sport. She is currently Chair of aged care provider Oceania Healthcare, Ports of Auckland and privately-owned fishing company Urwin & Co, and a director of EBOS Group, Sanford, Yellow Pages and Tennis Auckland. She is also Vice President of the Institute of Directors, and was last year appointed an Officer of the New Zealand Order of Merit for services to governance. Ms Coutts is one of four independent directors on the six-strong Skellerup board, following the appointment of leading commercial lawyer John Strowger in March 2015 and former KPMG Chairman Alan Isaac in August last year. For further information please contact: David Mair Chief Executive Officer 021 708 021 Graham Leaming Chief Financial Officer 021 271 9206 For media queries please contact: Geoff Senescall Senescall Akers Limited 021 481 234 End CA:00295687 For:SKL Type:OFFICE Time:2017-01-18 08:59:37