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#New Chairman
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Added 4 years ago

16-Nov-2020:  ADH Appointment of new Chairman

Adairs Limited is pleased to announce that it has appointed Brett Chenoweth as its new Non-Executive Chairman, effective today. 

Brett is currently Chairman of Madman Entertainment, Canberra Data Centres (CDC) and The Advisory Board of HRL Morrison & Co.  He is also a non-executive Board director of Vodafone New Zealand, NSW Land Registry Services and Janison Education Group. 

Previously Brett was the Chief Executive Officer and Managing Director of APN News and Media and held senior executive roles at the venture capital firm Silverfern Group, Telecom New Zealand, ecorp, ninemsn and Village Roadshow.

With a wealth of experience in leading businesses across media, technology, entertainment and telecommunications sectors, Brett will add significant depth and diversity to the Adairs board.

Mr Chenoweth said: “I’m very excited to be joining the Adairs team. With a strong and aligned management team, a leadership position in the retail sector and clear growth opportunities ahead, I’m looking forward to leading a Board focused on supporting management in the execution of the Company’s growth strategies.”

Mark Ronan, Chief Executive and Managing Director said: “We are delighted that Brett will join our Board of Directors as Chairman. I look forward to working with him as we build upon our position as Australia’s largest omni channel specialty retailer of home furnishings.”

--- click on link above for the ful announcement ---

[I do not hold ADH shares, however I hold IFT (Infratil Ltd) shares, and IFT is managed by HRL Morrison & Co, and owns half of Vodafone NZ, plus 48% of CDC, so Brett Chenoweth is of interest to me.  He seems well credentialled and experienced.  Adairs have a great online business as well as their bricks-and-mortar store network, so they've done well through the lockdowns and should also do well coming out the other side.]

#Business Update
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Added 5 years ago

19-June-2020:  ADH Trading Update and FY20 Group Sales Guidance

'Tis a day of positive updates it seems.  ADH, who have some smart money on their register (Lennox Capital Partners, Challenger, Mitsubishi UFJ Financial Group, Pendal Group and two of Geoff Wilson's LICs - WAM & WAX) are up around +12% on the back of this business update (at 2:10pm).  I don't hold them.