Archive for the ‘Market Release’ Category

Wellington appoints new Chief Executive Officer
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Wellington returns to profit and forecasts record US$ revenue in 2021
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2021 ASM and Closing Date for Director Nominations
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Wellington Drive Technologies Executive Team Change
Wellington Drive Technologies (“Wellington”) has announced changes to its executive team. Senior Vice President Sales & Business Development Steve Hodgson will be leaving the organisation following twelve years with the business.  He has agreed to assist with the transition to a new CEO so there is flexibility around his final date. “Steve has made a […]
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Wellington Drive Technologies launches Connect Monitor
Wellington Drive Technologies (“Wellington”) is pleased to announce the launch of its latest product innovation, the Connect™ Monitor, an internet of things (IoT) device designed for easy retrofitting to existing cooler fleets. Wellington’s Connect™ IoT product range remotely monitors and diagnoses cooler performance, alerts and faults, helping to efficiently manage customer service calls, minimise downtime […]
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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 […]
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Wellington’s 2020 financial result
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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 […]
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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. […]
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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 […]
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