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Congratulations to our Wellington Connect IoT partner, SKOPE
SKOPE for reinventing the commercial kitchen with the help of digital innovation. The kitchens feature digitally connected SKOPE ReFlex undercounter food storage fridges in addition to multiple Irinox blast chillers and ice machines from ITV Ice Makers.
Wellington Drive Technologies interim management
As previously announced, Greg Allen will be stepping down from his CEO role at the end of March. Greg will remain on the Board and has also contracted to provide consultancy services to the Company through to 31 December 2021. The Board has engaged Auckland based international leadership consulting firm Kerridge & Partners to assist […]
Wellington Drive Technologies earnings upgrade
Wellington Drives Technologies Limited (Wellington) is experiencing stronger than expected sales and forecast order inflow.
Wellington Drive Technologies trading update
2020 performance Wellington Drive Technologies Limited (Wellington) revenue for the fourth quarter of 2020 (3 months ended 31 December 2020) was around $10.4m, consistent with guidance provided on 28 October 2020. This is a significant and trending improvement over the rates of decline in second and third quarters. The Company believes this trend improvement may […]
Wellington Drive Technologies governance changes and CEO hiring update
Governance update In June 2020, Wellington Director Gottfried Pausch assumed a part-time executive director role to assist and strengthen the local New Zealand management team with COVID-related challenges. As a result of that role, he was deemed to no longer be an independent director. Gottfried’s executive role has ceased and the Wellington Board has determined that […]
Wellington Drive Technologies announces John McMahon is now an Independent Director
The Wellington Drive Technologies Limited Board has determined that Chairman John McMahon is an independent director of the Company. He was previously determined to be a non-independent director under the NZX Listing Rules because he is a director of NZX Limited, the parent company of Smartshares Limited, which was a substantial product holder of Wellington. […]
Wellington Drive Technologies announces CEO stepping down
The company advises that its CEO, Greg Allen, will be stepping down from his CEO role on or before April 1st 2021 to pursue other opportunities in Canada where he is based. To ensure that Greg’s knowledge of the industry and relationships with strategic partners and customers are maintained and leveraged by the company, and […]