NZX Board appoints Mark Peterson as CEO

NZX Limited
Level 1, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

10 April 2017

NZX Board appoints Mark Peterson as CEO

The NZX Board has today announced the appointment of Mark Peterson as its new CEO,
effective immediately.

Mark has held the role of Acting CEO since January 2017. He has been permanently appointed
to the position following a comprehensive global search undertaken by the Board, through
which it determined that Mark was the ideal candidate to lead the business.

Announcing the appointment, NZX Chairman James Miller says Mark has more than 25 years’
experience in the financial services sector covering capital markets, share broking, private
wealth, and institutional and retail banking. He will bring to the CEO role a continued focus on
strengthening NZX’s relationships with its key stakeholders, while strategically growing the
business to ensure it is best placed to compete domestically and internationally.

“Mark has shown himself to be a highly capable leader during his time at NZX and more
recently as Acting CEO. In addition to his extensive markets experience, Mark has been
instrumental in transforming staff engagement, with his clear communication skills and
collaborative leadership style. He has also led the successful development of NZX’s Wealth
Technologies business and has a proven track record of sound commercial judgement.”

“The Board is extremely pleased to make this appointment and we look forward to working
alongside Mark and the wider NZX team.”

NZX CEO Mark Peterson commented: “It is a privilege to lead NZX, an organisation which plays
a pivotal role in supporting New Zealand’s capital markets. I welcome this opportunity to keep
growing our markets, and I am committed to building a very collaborative team at the centre of
this network, which engages, seeks feedback, and in turn delivers greater value for our
customers and shareholders.”

The Board was committed to finding the best possible candidate to lead NZX. To ensure the
successful candidate had the right experience and skills to grow NZX, the Board commissioned
governance services firm Propero Consulting to survey a wide sample of its stakeholders
including shareholders, staff and market participants to ensure a broad perspective on the
characteristics and values needed for this role. Korn Ferry International then conducted a global
search to identify candidates that were appropriately skilled.

Feedback from the survey consistently emphasised that the most important characteristics
included having a passion for financial markets, a reputation for creating strong stakeholder
relationships, extensive markets knowledge, and a sound understanding of technology.

The ability to create wealth, seasoned judgement, financial acumen, and generate a simplified
strategic vision for NZX to ensure value creation for shareholders in the future were also key
characteristics. Mark has demonstrated these skills.

2

Mark’s biographical details and key details of his employment agreement and are provided
below.

Mark Peterson biography
Mark joined NZX in May 2015 as Head of Markets. He has more than 25 years’ experience in
the financial services sector covering capital markets, share broking, private wealth, and
institutional and retail banking. Prior to joining NZX, Mark was the Managing Director of ANZ
Securities. He has held executive roles with FNZC (formally First NZ Capital) and The National
Bank of NZ, and was the Chief Operating Officer at the ANZ Institutional Bank. He is a former
Chairman of the NZ Securities Industry Association.

Mark holds a Bachelor of Commerce and Administration from Victoria University of Wellington,
has completed executive training at Mt Eliza business school, and has been an accredited NZX
Advisor and Authorised Financial Adviser.

Mark is based in Wellington with his wife Andrea and teenage daughter Georgie. He also has a
son Matthew who is studying at the University of Otago.

Summary of key CEO employment terms

Key terms Details
Commencement date

Effective immediately
Term


Employment is for a five year fixed term
with a two year extension by agreement.
Remuneration

Fixed salary of $500,000, which will be
reviewed annually. Short term incentive of
up to $500,000 per year (on-target of
$250,000) and long term incentive of up to
$250,000 per year with KPIs to be agreed.
NZX Clawback Policy applies.

Termination provisions

6 months' notice with options for termination
in other circumstances.


For more information please contact
Media enquires:
Hannah Lynch
Communications Manager
T: 09 308 3710
M: 021 252 8990
E: hannah.lynch@nzx.com
Investor enquires:
Bevan Miller
Chief Financial Officer
M: 021 276 7359
T: 04 498 2271
E: bevan.miller@nzx.com

About NZX Limited
NZX builds and operates capital, risk and commodity markets and the infrastructure required to
support them. We provide high quality information, data and tools to support business decision
making. We aim to make a meaningful difference to wealth creation for our shareholders and
the individuals, businesses and economies in the countries in which we operate. To learn more
about NZX please visit: www.nzxgroup.com