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Lion board changes

Lion today announced long-standing Chairman Geoff Ricketts will stand down as Chair in March.

 

February 29, 2012

Wednesday February 29, Sydney – Lion today announced long-standing Chairman Geoff Ricketts will stand down as Chair in March and be succeeded by Sir Rod Eddington, currently a Non-Executive Director. To ensure a smooth transition, Geoff will continue to serve on the Lion Board until the end of 2012.

Paula Dwyer will also join the Lion Board in April as Non-Executive Director, bringing a wealth of experience in finance and corporate advisory and experience as a Non-Executive Director at a range of prominent Australian companies. 

Geoff Ricketts said: “Reflecting back on an association with Lion in its various forms of over 30 years, I’m really proud of how our people have developed the Company from its New Zealand origins into a leading regional consumer goods company. I leave a company with great brands and a fantastic culture, well placed to meet the challenges of the future.” 

Sir Rod Eddington said: “Geoff has been a valued member of the Lion business over the years and he will long be remembered for the enormous contribution he has made to Lion’s success. I am also pleased to welcome Paula Dwyer to our Board. Paula is one of Australia’s leading Non-Executive Directors and brings a wide perspective from a number of different industry sectors.” 

#Ends

For further information, please contact:
Leela Sutton
Lion External Relations Director
02 9290 6645 / 0402 260 540
Leela.sutton@lionco.com
Notes to editors

Geoff Ricketts
Geoff Ricketts has been involved with Lion or associated companies for over 30 yearshaving been a member of the LD Nathan board for many years before joining the board of Lion Nathan in 1988 and then the current Lion board in October 2009.  Geoff was Chair of the Lion Nathan board for 8 years from August 2001, and then Chair of the Lion board since October 2009. Mr. Ricketts has considerable group institutional knowledge and experience in commercial law, mergers and acquisitions and board governance and is a Director of many prominent Australasian businesses including Suncorp Metway Limited and Spotless Group Limited.

Sir Rod Eddington
Sir Rod Eddington joined Lion’s board as a Non-Executive Director in March 2011. Rod has a wealth of experience from a range of executive roles (including CEO roles at Cathay Pacific, Ansett Airlines and British Airways) and non-executive roles (including Rio Tinto, News Corporation, China Light & Power and John Swire & Sons). He is also currently Chair of JP Morgan (Australia and New Zealand) and Infrastructure Australia. 

Paula Dwyer
Paula Dwyer held a number of executive positions within the finance sector, including PriceWaterhouse and Ord Minnett, before establishing her own advisory and investment management businesses.  Paula has 15 years’ experience in Non-Executive Director roles for a diverse range of companies in Australia.  Paula is currently Chair of Tabcorp Holdings and a Non-Executive Director of Leighton Holdings. Paula recently resigned as a Director of Suncorp Group to take up an appointment as a Director of ANZ Bank from 1 April 2012.  Paul is also a member of the Takeovers Panel in Australia.  Paula has an active interest in education and is currently a board member of the Faculty of Business and Economics at the University of Melbourne and a 
member of the Geelong Grammar School Council.