The founder and former CEO of candlemaker Ecoya, Craig Schweighoffer, has sold $1.1 million of Ecoya shares and cut his stake from 8.2 to 4.6 per cent.
The sale at $1.01 a share, to clients of Craigs Investment Partners, was disclosed in a notice to the NZX this morning.
Schweighoffer was CEO when the company floated in 2010 but was replaced by executive director Geoff Ross after its acquisition of skincare business Trilogy.
Schweighoffer resigned as director in June this year.
Ecoya shares closed yesterday at $1.15.