New independent director appointed

Sophie Haslem has been appointed to the LIC Board of Directors, effective immediately.

Sophie HaslamMARKET STATEMENT - Sophie Haslem joins the Board as an independent director, and will Chair the Audit, Finance and Risk Committee.

Chairman Murray King said the Board chose Sophie for her broad and extensive governance experience.

“Sophie has specific skills we were looking for, with more than 20 years of broad commercial experience working across a range of companies.

“She also has a solid track record in governance including multiple audit and risk chair roles. Combined with her strong executive background in banking, finance and mergers and acquisitions, the breadth of Sophie’s capability and experience will serve the LIC Board and our shareholders very well,” King said.

Sophie is a chartered member of the NZ Institute of Directors and currently a director for Oyster Property Group, Rangatira Investments, CentrePort, MetService and Kordia.

Her appointment has been approved by the LIC Shareholder Council; shareholders will be asked to ratify her appointment at the 2019 Annual Meeting. 

The LIC Board is made up of seven farmer elected directors, and three independent directors. Sophie replaces Abby Foote, who stood down from the Board in October.