Duncan Saville steps down from Infratil board after 22 years
Infratil shares fell 0.6% to $3.38.
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Duncan Saville is to retire as a director of Infratil at the company's annual meeting later this month after 22 years in the role.
Saville's departure from the board comes after the Utilico investment vehicle he manages reduced its stake in Infratil to just 2.5% in May, having been one of the infrastructure investor's biggest shareholders with a 20 percent stake before it started selling in 2010.
He was appointed as a director of Wellington-based Infratil in March 1994, when the company listed on the NZX. Saville has also served on the boards of several water, airport and utility investment companies.
In a statement, Infratil said MrSaville had been, "an endless source of support, insight, and encouragement"
Anthony Muh, Morrison & Co's chief executive for Asia will also leave his post as alternate director, a role that saw him attend board meetings when Saville was unavailable.
Saville will remain a director of HRL Morrison & Co, Infratil's manager.
Infratil shares fell 0.6% to $3.38.
(BusinessDesk)
Edwin Mitson
Fri, 19 Aug 2016
Fri, 19 Aug 2016
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Duncan Saville steps down from Infratil board after 22 years
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