Tuesday, 18 March 2025 08:50

Hewett new chair in Bremworth board revamp

Written by  Sudesh Kissun
Bremworth's new chair Rob Hewett. Bremworth's new chair Rob Hewett.

Agribusiness leader Rob Hewett is the new chair of listed carpet maker Bremworth.

In a NZ Stock Exchange announcement this morning, Bremworth says Hewett, Julie Bohnenn, Murray Dyer and Trevor Burt have been appointed to the board.

Gone from the board are Paul Izzard, Katherine Turner and Dianne Williams. Outgoing chair George Adams and John Rae are staying on as board members.

The board revamp follows a bid launched two weeks ago by a group of shareholders to change the board. The group wrote to Adams seeking a special general meeting to install Hewett as the new chair. Adams had responded by agreeing to hold the meeting.

Today’s announcement means the group had mustered enough support among shareholders to force the board changes without a special meeting.

The NZX release says that “as a result of the constructive engagement since the 1 March 2025 notice requesting that a special shareholders meeting be convened to consider proposed director changes, the requesting shareholders have withdrawn their notice”.

Hewett, the outgoing co-chair of Silver Fern Farms and current chair of WoolWorks and Farmlands Co-operative, says Bremworth is at a crucial crossroads.

“We appreciate the hard work and dedication of the Board under George’s leadership during a very challenging period for Bremworth, and its settlement of the long-running insurance claims process. We will need to call on the experience of all directors as we take Bremworth into its new era, which demands a fresh approach to drive growth and earnings.

“The new directors and I are committed to bringing our collective agri, operating and governance experience and skills to stabilising the business, protecting shareholder value, and unlocking the potential of Bremworth,” says Hewett.

Outgoing chair George Adams says they look forward to working together as a board to realise Bremworth’s potential and deliver value for shareholders as we focus on creating the desirable and superior natural-fibre products that Bremworth is known for.

More like this

A big win for wool!

State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.

Bremworth CEO departs

Three weeks on from Bremworth’s board overhaul, the carpet maker’s chief executive Greg Smith is stepping down.

Bremworth board upheaval

Listed carpet maker Bremworth has been rocked by a call from some shareholders for a board revamp.

Featured

National

Machinery & Products

» Latest Print Issues Online

The Hound

Trop de Paris!

OPINION: Your old mate's ear has been chewed off recently by farmers voicing their displeasure with the National Party, particularly…

NZ vs Aussie beef

OPINION: Your old mate hears that at a recent China Business Summit, PM Christopher Luxon delivered a none-too-subtle "could try…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter