By Claire Reilly

SYDNEY, NSW: Fisher & Paykel Appliances has announced the appointment of a new Chief Financial Officer today, set to join the company at the end of this month.

David Sullivan will take on the position following previous CFO roles at Skycity Entertainment Group and Vodafone New Zealand, as well as finance executive experience at BayCorp Advantage, Lion Nathan (brewer of Tooheys beers) and Air New Zealand.

A trained chartered accountant with a Bachelor of Commerce degree, Sullivan will replace outgoing CFO Mark Richardson. Richardson is set to remain at Fisher & Paykel as company secretary and general manager of finance.

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Speaking about the appointment, managing director and CEO of Fisher & Paykel Stuart Broadhurst was positive about the contribution Sullivan would make to the company.

“Given the importance of the role, a global search was initiated to select the appropriate candidate,” said Broadhurst. “A sub-committee of the Board screened a wide range of candidates and David emerged as the preferred candidate.

“We are delighted to have someone of David’s calibre and experience join the executive team,” he said.

David Sullivan’s appointment follows the announcement in June that Gary Paykel, one of the directors of the company board, would delay his retirement. Paykel offered to continue in his role for a further 12 months following two unexpected resignations on the board.