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United States

TOWER Ltd (TWR.NZ)

TWR.NZ on New Zealand Stock Exchange

0.96NZD
28 Sep 2016
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Summary

Name Age Since Current Position

Michael Stiassny

2014 Non-Executive Independent Chairman of the Board

Richard Harding

2015 Chief Executive Officer

Vanessa Dudley

2014 General Manager - Customer Interaction

Mark Savage

2014 General Manager - Customer Proposition

Glenys Talivai

2014 General Manager - Strategy and Performance

David Hancock

2016 Non-Executive Director Not Independent

Warren Lee

2015 Independent Non-Executive Director

Stephen Smith

2014 Non-Executive Independent Director

Graham Stuart

2012 Non-Executive Independent Director

Biographies

Name Description

Michael Stiassny

Mr. Michael Peter Stiassny is Non-Executive Independent Chairman of the Board of Tower Limited. Michael is a chartered accountant and senior partner of KordaMentha, based in Auckland, which specialises in financial consulting work. He has both a Commerce and Law degree from the University of Auckland. He is currently Chairman of Vector Limited, Chairman of Ngati Whatua Orakei Whai Rawa Limited, and is a Director of a number of other companies. Michael is President and a Chartered Fellow of the Institute of Directors in New Zealand (Inc).

Richard Harding

Mr. Richard Harding has been appointed as Chief Executive Officer of Tower Ltd., effective 17 August 2015. Mr. Harding, a senior executive with almost 30 years’ experience in the insurance sector in Australia and Asia. Mr Harding’s previous role was as Chief Executive Officer of Territory Insurance Office, the leading general insurer in the Northern Territory of Australia. Prior to that, he served in senior roles at Insurance Australia Group (IAG) in Australia and China. Mr Harding holds a Bachelor of Economics from Macquarie University, Sydney.

Vanessa Dudley

Ms. Vanessa Dudley is General Manager - Customer Interaction of Tower Limited. Vanessa is responsible for functions including alliances, sales, service, claims and underwriting, leading a large team of customer-facing staff. Vanessa was previously with ANZ Banking Group Limited where she held various senior positions across geographies over the course of 13 years. Some of the roles she held during her time at ANZ include: General Manager Retail Banking – Northern Queensland & Northern Territory, Head of Branch Transformation ANZ National Bank, Head of Product Training & Development, and Head of Sales & Insurance NZ Retail Banking. Prior to joining TOWER, Vanessa was ANZ’s Head of Retail Banking for the Pacific, based in Suva, Fiji. In that role she was responsible for ANZ’s Retail banking franchise and distribution channels in 11 countries. Distribution channels under her leadership included branch network, contact centres, electronic banking and specialist sales channels.

Mark Savage

Mr. Mark Stuart Savage serves as General Manager - Customer Proposition of Tower Limited. Mark is responsible for divisions within the business which develop and deliver products to meet the changing needs of TOWER customers. These include customer strategy & insights, product management, digital experience, marketing and pricing and underwriting. Mark has been with TOWER since 2007 where he has held roles as Head of General Insurance Sales and Head of Marketing and Communications. He has over 15 years experience in sales and marketing with 12 of those years focused in the banking and insurance industry in both New Zealand and in the UK.

Glenys Talivai

Ms. Glenys Talivai serves as General Manager - Strategy and Performance of the Company. Glenys joins us from Medical Assurance Society, where she previously held the role of GM Sales and Marketing. She is also Deputy Chair of the New Zealand Institute of Management and has held a number of leadership roles within the financial services sector. Prior to MAS Glenys held numerous roles at ANZ Bank including Head of Branch Transformation and Northern Regional Manager for ANZ Retail Banking. Currently Deputy Chair at the New Zealand Institute of Management, in 2012 Glenys also won Young Executive of the Year at the Deloitte Top 200 awards.

David Hancock

Mr. David Hancock is Non-Executive Director Not Independent of the Company. He was Non-Independent Executive Director of Tower Ltd. David has over 25 years of broad experience in financial services. This experience includes being a former Executive General Manager at the Commonwealth Bank of Australia, with a variety of roles including capital markets, fixed income and equities. He held several board positions at the bank including Commonwealth Securities (ComSec), as well as external professional board positions. Prior to that he served in roles at JPMorgan where he was a Managing Director with responsibilities in New Zealand, Australia and Asia across various operations. David was the Interim Chief Executive Officer at Firstfolio Limited, an Australian listed financial services company. He was appointed Chief Executive Officer and Executive Director of TOWER in July 2013 and is also a Director of the Insurance Council of New Zealand. David resides in Auckland, New Zealand and Sydney, Australia.

Warren Lee

Mr. Warren Lee is Independent Non-Executive Director of the Company. Warren has extensive experience and a long record of leadership in the international insurance industry, including 15 years at AXA in senior management positions within the company’s Australian and Asian businesses. Warren’s two most recent positions were Chief Executive Officer of the Victorian Funds Management Corporation and Chief Executive Officer, Australia and New Zealand for AXA Asia Pacific Holdings Limited. He has a Bachelor of Commerce from the University of Melbourne and is a member of Chartered Accountants Australia and New Zealand.

Stephen Smith

Mr. Stephen (Steve) Smith is Non-Executive Independent Director of Tower Limited. Steve has been a professional Director since 2004. He has over 35 years’ business experience, including being a specialist corporate finance partner at a leading New Zealand accountancy firm. He has a Bachelor of Commerce and Diploma in Business from the University of Auckland, is a member of Chartered Accountants Australia and New Zealand and a Chartered Fellow of the Institute of Directors in New Zealand (Inc). Steve is Chairman of Hellaby Holdings Ltd, Spanbild Holdings Ltd and Pascaro Investments Ltd, and a Director of Fulton Hogan Ltd, Rimu S.A. (Chile), and the National Foundation for the Deaf Inc.

Graham Stuart

Mr. Graham Robert Stuart has been Non-Executive Independent Director of Tower Limited., since May 24, 2012. With over 30 years of senior management experience, Graham has held senior leadership roles with several major corporates, in New Zealand and overseas, the latest being the Sealord Group of which he was Chief Executive Officer for 7 years. Prior to that he held a number of diverse leadership roles including CEO of Mainland Products, Managing Director of Lion Nathan International, and Chief Financial Officer and Director of Strategy for the Fonterra Co-operative Group. Graham has a Bachelor of Commerce (First Class Hons) from the University of Otago, a Master of Science from Massachusetts Institute of Technology and is a Fellow of Chartered Accountants Australia and New Zealand. Graham has served on a number of Government bodies including the Food & Beverage Taskforce and the Maori Economic Development Panel.

Basic Compensation

Name Fiscal Year Total

Michael Stiassny

127,417

Richard Harding

--

Vanessa Dudley

--

Mark Savage

--

Glenys Talivai

--

David Hancock

728,155

Warren Lee

26,940

Stephen Smith

87,570

Graham Stuart

93,570
As Of  29 Sep 2015