Key points
- Michael Stiassny appointed as independent chair of Winton
- Over 40 years of experience in financial advisory, governance, and capital markets
- Board commits to appointing further independent directors
- Ongoing recruitment for CEO and CFO positions
Full summary
Winton Land Limited announced the appointment of Michael Stiassny as independent chair, effective September 2, 2026. Stiassny, a seasoned professional with over 40 years of experience in financial advisory, governance, and capital markets, currently chairs NZX-listed 2 Cheap Cars Group Limited and Being AI Limited. His appointment aims to stabilize the company and refocus on maximizing shareholder value. The board is also committed to appointing further independent directors to meet the NZX Corporate Governance Code's best practice recommendations. Additionally, Winton has initiated processes to appoint a permanent CEO and CFO, with updates to follow. The existing senior leadership team continues to manage day-to-day operations.
Outlook
Michael Stiassny's first priority is to stabilize the company, allowing a refocus on maximizing value for shareholders.