Appointment of New Director and Retirement of Director

NZX Announcement

03 September 2020



Appointment of new Director – Malcolm Grimmond; retirement of existing Director Andrea
Staines

The Board has appointed Malcolm Grimmond to the Board of Freightways, effective on 14 September
2020. Mr Grimmond will also stand for election at the Annual Shareholders Meeting to be held on 29
October 2020.
In accordance with Rule 2.6.1 of the NZX Listing Rules, the Board has determined that Mr Grimmond
is an independent director.
Mr Grimmond brings highly relevant sector experience to the FRE Board from a career in the
Transportation and Logistics Sector. Mr Grimmond spent over 22 years with Toll Holdings, where he
successfully completed a number of senior leadership roles including Divisional Director for various
divisions, Chief Information Officer and a time as the Acting Chief Financial Officer. Since stepping
down from Toll Holdings, Mr Grimmond has successfully completed a number of consulting
engagements and is now actively building a governance portfolio. Mal holds a B Comm from the
University of New South Wales and is a CPA.

Andrea Staines, a director on the Board since 2018, has announced that she will be retiring from the
Board at the conclusion of the ASM on 29 October 2020, citing the need to balance her commitments,
noting she was recently appointed Deputy Chair of Australia Post. The Board wishes to thank Andrea
for her significant contribution whilst on the Board and wishes her all the very best for the future.

For further information please contact:

Stephan Deschamps
Company Secretary and Chief Financial Officer
Freightways Limited
Ph: +64 9 571 9673