Paterson to stand down as Abano chairwoman
Long-serving Abano Healthcare chairwoman Alison Paterson is to stand down as chairman in November and leave the board altogether next year.
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Long-serving Abano Healthcare chairwoman Alison Paterson is to stand down as chairman in November and leave the board altogether next year.
Fellow director Trevor Janes will take over the chairman role following the company’s annual meeting on November 7.
Under the company’s constitution, Ms Paterson was due to retire from the board at the 2012 annual meeting and she has advised that she will not seek re-election. To help with the transition she will remain as an independent director on the Board until the 2012 annual meeting.
Ms Paterson has been on the Abano board since 2002 and chairwoman since 2006. During this time, the company divested its aged care business and entered into radiology, orthotics, dental and audiology, expanding into Australia with dental and audiology and SE Asia with audiology. The company defended two hostile takeover bids and, following the sale of ElderCare in 2005 and Bay Audiology in New Zealand in 2009, it has returned $66.7 million in capital to shareholders over that time.
Incoming chairman Mr Janes has been a director of Abano since September 2005, has chaired the Audit and Risk committee since 2006 and has been deputy chairman since 2008. He is an experienced independent director, currently holding a number of other Board positions including independent director of Procare Health Ltd, deputy chairman of Mighty River Power and chairman of the Public Trust.
NBR staff
Thu, 29 Sep 2011
Thu, 29 Sep 2011
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Paterson to stand down as Abano chairwoman
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