Wed, 02 Feb 2005
TOWER Chairman Olaf O’Duill announced today that following the successful completion of TOWER’s restructuring, Keith Taylor, the Group Managing Director of TOWER, will leave TOWER at the end of February. Mr Jim Minto, currently Chief Executive of TOWER Australia, will be appointed Group Managing Director from that date.
In making this announcement Mr O’Duill said; “The Board would like to acknowledge Keith Taylor’s achievements in the successful restructuring of the Group. Keith was instrumental in the effective implementation of the restructure including returning the Group to profitability and the establishment of an effective management structure, which will allow a smooth succession of the company’s leadership”.
Mr Keith Taylor said; “I have enjoyed my 25 years at TOWER, particularly the challenge of leading the recovery over the last two and a half years and I am confident of TOWER’s continued success”.
Mr O’Duill said; “Jim Minto is particularly well credentialed having proved himself both in leading the turnaround of TOWER Australia over the last two years as well as demonstrating strong leadership skills through his extensive experience within the Group “.
Mr Minto has been a senior executive at TOWER for 16 years heading many of TOWER’s businesses, including TOWER Trust (NZ), TOWER Managed Funds, TOWER Health & Life, TOWER New Zealand and most recently TOWER Australia.
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