NZX has appointed former National Party cabinet minister Simon Power and 2015 Cricket World Cup head Therese Walsh to its board in a restructure which will also see it create a new deputy chairman position.
The securities market operator said Power will join the board in December, with Walsh following in February. The firm also announced it is appointing current director James Miller to the newly created deputy chairman role.
The appointments come as Chris Moller resign from the NZX's board as of November to focus on his chairmanships at Sky City Entertainment and Meridian Energy.
Power currently heads Westpac's private wealth & insurance unit, and previously served as Minister of Commerce, where he steered a number financial market reforms including the establishment of the Financial Markets Authority.
"Simon will make a strong contribution to NZX across a number of areas and I would particularly like to acknowledge Westpac's vision and investment in Simon and its commitment to the New Zealand capital markets which this appointment demonstrates," said NZX chairman Andrew Harmos.
Walsh is currently heading NZ for Cricket World Cup 2015, and previously served as chief operating officer for the 2011 Rugby World Cup organising body. Before that she spent nine years at KMPG's audit and assurance division in Wellington.
"Coming from a non financial markets background, Therese's skill set will enhance the experience and diversity of thought around our board and we are very enthusiastic about her appointment," Harmos said.
NZX shares opened 0.9 per cent higher this morning at $1.13, and have gained 11 per cent over the past 12-months.
- © Fairfax NZ News
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