Appointment of new directors to the Rakon board

Rakon 10 March 2017 9:00:00 AM
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The Board of Rakon Limited (NZX:RAK) is pleased to announce the appointment of three new Directors to the Board.

Lorraine Witten – Appointed as Independent Director
Keith Oliver – Appointed as Independent Director
Yin Tang Tseng – Appointed as Director

Lorraine Witten – Appointed as Independent Director
Lorraine is currently the Chair of Kordia Group Limited, Star Now Limited, vWork Limited, Soltius Limited and also a Director of WREDA (Wellington Regional Economic Development Agency). Lorraine is also a founding shareholder and current Chair of Simply Security Limited, Member of the Department of Corrections Audit & Risk Committee and previously held numerous other Board and governance roles.

Keith Oliver – Appointed as Independent Director
Keith is currently a Director of ALTO Capital Limited, Chair of Blackhawk Tracking Systems Limited and Health Vision (NZ) Limited. Keith is also a Director of Vigil Monitoring Limited and previously held numerous other Board and governance roles.

Yin Tang Tseng – Appointed as Director
Yin Tang (Tony) is the current Chairman of Siward Crystal Technology Co. Limited (Siward). Taiwan based Siward, a world leader of crystal and oscillator solutions, hold a 16.6% share in Rakon Limited following their investment in February 2017.

Rakon Chair Bryan Mogridge said, “following an extensive search that presented a number of high calibre applicants, the Rakon Board is very pleased to be able to appoint and welcome Lorraine, Keith and Tony. Individually each brings considerable business and governance experience that enhances the Rakon Board”.

All three Directors have been appointed under a casual vacancy and will put themselves forward for election by shareholders’ at the next annual meeting.

-Ends-