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Two new Tower board members

Friday, September 26th 2003, 11:17PM
Tower has appointed John Spencer and Maurice Loomes to its board.
John Spencer is a Wellington based company director, who is chairman of Tainui Group Holdings and a director of NIWA. He was the chief executive of the New Zealand Dairy Group prior to the formation of Fonterra and he has held a number of senior management positions in New Zealand and overseas.
Sydney-based Maurice Loomes has extensive experience in investment research and analysis, portfolio management and related activities. He is the chairman of Canberra Investment Corporation Ltd, a residential land developer and is currently a director of Turners and Growers Ltd and Turners Auctions Ltd in New Zealand and Reinsurance Australia Corporation in Australia. He is also a member of the advisory board for Australia of Lazard Funds Management.

Tower chairman Olaf O'Duill says these appointments keep with his commitment to restructure and revitalise Tower's board.
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