Steel & Tube Advises Director Changes

15 August 2019
STU / NZX ANNOUNCEMENT

Level 7, IBM Building, 25 Victoria Street, Petone 5012, PO Box 30543, Lower Hutt 5040
P 04 570 5000 F 04 570 2453 www.steelandtube.co.nz


STEEL & TUBE ADVISES DIRECTOR CHANGES
Steel & Tube Holdings Limited (NZX: STU) advises that Rosemary Warnock has notified her intention to
retire from the Board at the upcoming Annual Shareholders’ Meeting. Steel & Tube is pleased to
announce the appointment of John Beveridge as an independent director, effective from 14 August 2019.
John Beveridge has held a range of senior executive roles across a variety of sectors including building
and industrial materials manufacturing, distribution, finance and consumer goods. He was most recently
the Chief Executive for the building trade materials supplier, Placemakers, and previously held leadership
roles at Godfrey Hirst, Lion Nathan and Barclays Bank PLC.
John currently sits on the boards of the Building Industry Federation, Horizon Energy Group, NZ
Scaffolding Group (Chair) and Design Windows Auckland. He has an economics degree from Otago
University and has completed the Senior Executive program at Columbia University, New York.
The Board believes John’s extensive building products sector experience, and his expertise in marketing,
supply chain and logistics bring added value at a governance level.
Chair of Steel & Tube, Susan Paterson, said: “Our focus continues to be on positioning Steel & Tube as the
preferred choice for steel customers in New Zealand and John brings valued experience and expertise, as
well as in-depth sector knowledge. He has been appointed as part of the Board’s ongoing succession
planning.
“Rosemary has been a valued member of the Board since 2010, providing a continuity of institutional
knowledge as the Board was refreshed in recent years. During her tenure, the company has transformed
with business acquisitions, new product and service offerings and new technology platforms. Rosemary’s
in-depth health and safety expertise and her chairing of the Health & Safety Committee has been of
particular value to the Board. We thank her for her significant contribution over the past nine years.”
John will hold office until Steel & Tube’s 2019 Annual Meeting at which time he will offer himself for
election by shareholders. The Board has determined that John is an independent director.
ENDS

For further information please contact:
Mark Malpass
Steel & Tube CEO
Tel: +64 27 777 0327
Email: mark.malpass@steelandtube.co.nz
Greg Smith
Steel & Tube CFO
Tel: +64 21 755 803
Email: greg.smith@steelandtube.co.nz

For media assistance, please contact: Jackie Ellis, tel: +64 27 246 2505, email: jackie@ellisandco.co.nz