Spark's board director resigns over potential 'conflict of interest'
- 14 May, 2019 06:00
Spark New Zealand board director Alison Gerry has resigned and stepped down from her duties over concerns about a potential or perceived conflict of interest.
Gerry who is also a director on the board of Infratil offered her resignation after the business announced it was in discussions to buy Vodafone Group in New Zealand who is one of Spark's major competitors in the country.
As reported on 10 May, NZX listed infrastructure investor Infratil confirmed it and another party are negotiating a buyout of Vodafone NZ.
"The discussions with Vodafone and financiers are ongoing and incomplete, and may not result in a transaction occurring," the company said.
Spark New Zealand chair Justine Smyth said it "regretfully" accepted Gerry's resignation.
“We will greatly miss Ms Gerry’s contribution on the Spark board and as chair of the ARMC. She is a highly qualified and extremely effective Director. We wish her every success in the future,” Smyth said.
Smyth said a new chair of the Spark ARMC would be announced in due course.