In an announcement issued to the Australian Securities Exchange, Fisher & Paykel Appliances Holdings Limited has announced that its CEO, John Bongard will retire at the end of the month.
According to the announcement, John Bongard, has requested that his retirement commence on 30 September 2009, due to medical advice.
This comes in addition to the announcement made at the Annual Shareholders Meeting earlier in the year.
Gary Paykel, Fisher & Paykel chairman, commented that it is with regret that the Board accepts his decision.
The role of acting CEO will be given to Stuart Broadhurst, who is currently the chief operating officer of appliances. He will still retain his current role while standing in.
The worldwide search for the chief executive officer position is ongoing and the Board outlined that it wishes John all the very best in his retirement.