RAK Director Appointment – Sinead Horgan

Rakon Limited
T +64 9 573 5554
8 Sylvia Park Road, Mt Wellington, Auckland 1060, New Zealand
Private Bag 99943, Newmarket, Auckland 1149, New Zealand
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25 January 2022

Rakon Appoints Sinead Horgan as an Independent Non-Executive Director

Rakon (NZX: RAK), an international leader in frequency control and timing solutions, is pleased
to announce the appointment of Sinead Horgan as an independent Non-Executive Director.
Ms Horgan has held senior roles in accounting, private equity and commercial banking in PwC,
Accenture, ANZ and BNZ across Europe, the Americas, Asia, Australia and New Zealand.
Rakon Chair Bruce Irvine said: “We are delighted Sinead is joining the Board. She has extensive
experience at a board and executive level in financial analysis, strategy development, risk
management and mergers and acquisitions.
“Her skills and broad commercial experience will make an important contribution to Rakon
governance and complement those skills of existing Board members as the company moves
on to its next phase of development.”
Ms Horgan is a director and Chair of the Audit and Risk Committees of Farmers Mutual Group,
Bank of China (NZ) and the waste and recycling company Eco Central. She is also a director of
Taggart Earthmoving, a trustee and Chair of the Audit and Risk Committee of the healthcare
charity Maia Health Foundation and a co-owner and director of business consultancy
Morrison Horgan.
She is a Chartered Member of the New Zealand Institute of Directors and a Fellow of the
Institute of Chartered Accountants Ireland. Ms Horgan holds a Masters of Accounting from
Smurfit Business School in Ireland and a Bachelor of Commerce from the University of Dublin.
Ms Horgan said: “I am delighted and excited to be joining Rakon. Over many years the
company has established itself as a world leader in the development of frequency control and
timing solutions. It is a standard bearer for innovation in New Zealand and a company that
enjoys significant opportunities in multiple sectors around the world. I am looking forward to
working with the team to realise this potential.”
Ms Horgan has been appointed as an additional director in accordance with Rakon’s
Constitution and the company’s ongoing Board succession programme. She will put herself
forward for election at the next Annual Shareholders’ Meeting.
Ms Horgan’s appointment temporarily increases the current number of directors to eight and
raises the number of independent directors to six. As previously signalled, Mr Irvine intends
to retire from the Board once directors are satisfied the succession planning process is
complete.
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Contact:

Administration Media
Maureen Shaddick Richard Inder
Company Secretary The Project
+64 9 5719238 +64 21 645 643

www.rakon.com

About Rakon
Rakon is a global high technology company and a world leader in its field. The company designs and
manufactures advanced frequency control and timing solutions. Its three core markets are Telecommunications,
Positioning and Space and Defence. Rakon products are found at the forefront of communications where speed
and reliability are paramount. The company’s products create extremely accurate electric signals which are used
to generate radio waves and synchronise time in the most demanding communication applications. Rakon has
three manufacturing plants and has six research and development centres. Customer support personnel are
located in sixteen offices worldwide. Rakon is proud of its New Zealand heritage; it was founded in Auckland in
1967. It is a public company listed on the New Zealand stock exchange, NZX, ticker code RAK.