Pyne Gould Corporation has completed is board review process for the listed company as well as subsidiaries Perpetual and Marac.
"It was conducted to ensure that the boards of these distinct businesses had directors with the requisite skills and experience needed to drive each of the businesses forward," the company says.
Among the changes Bruce Irvine will replace Sam Maling as chairman of PGC.
Irvine will have a five member team, which includes one new appointment - George Gould.
The other directors are: George Kerr and Bryan Mogridge, and managing director Jeff Greenslade.
The board of MARAC will comprise two new independent directors in John Harvey and Michelle Smith as well as incumbents Irvine, Mogridge and Greenslade.
Harvey is a director with considerable financial services experience. He has 35 years of professional experience, including 23 as a partner of PricewaterhouseCoopers. He was Managing Partner in Auckland for 8 years and retired in June 2009 to concentrate on directorships.
Michelle Smith is a professional director who previously held senior positions with Goldman Sachs and Ernst and Young in London. She has extensive experience in banking, particularly risk management and transactional processing.
Perpetual chief executive John Duncan has been appointed to the Perpetual board.
A special meeting will be held on March 4 to confirm the boards.
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