Christchurch City Holdings (CCHL) announces directorship change

23 November 2005

Christchurch City Holdings Ltd (CCHL) director David Stock has retired after 12 years on the board and Bill Dwyer has been appointed.

CCHL, the Christchurch City Council holding company, held its annual meeting today (23 November) at the Council’s offices in Tuam Street. Mr Stock’s long and valuable service to the company was acknowledged by board chair Paddy Austin.

“David Stock provided significant guidance in setting up the company in 1993 and has served on the board for 12 years,” Dr Austin says. “His input has been significant. He has made a substantial contribution to the development of the CCHL group over the years, helping to make it the great company it is today. I thank him for this long and excellent service.”

Mr Dwyer, a partner at Christchurch law firm Lane Neave, was appointed to replace Mr Stock. Mr Dwyer heads the law firm’s corporate and commercial team, specialising in mergers, commercial contracts, securities law and financing.

He lectures part-time on securities law to third-year Canterbury University law students. He has previously worked for Bell Gully in Auckland and in London for a legal firm and a merchant bank. As well as providing legal advice to corporate clients across a broad spectrum of industries, Mr Dwyer is experienced in providing advice to boards.

Dr Austin says Mr Dwyer’s wide experience will add value to the governance of CCHL and the board members are looking forward to working with him.

• Christchurch City Holdings Ltd is 100 per cent owned by Christchurch City Council, holding the council’s shares in Orion, Christchurch International Airport, Lyttelton Port of Christchurch, Red Bus, City Care and Selwyn Plantation Board.

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