Vector on Windfarms board

Vector chairman Michael Stiassny and acting chief executive Simon Mackenzie have been appointed to the board of NZ Windfarms.

Windfarms chairman Derek Walker said Vector got the right to take up the board seats when it bought 19.99 per cent of the company this year.

NZ Windfarms, established in 2002, is the only pure wind farming company listed on the New Zealand exchange. It raised $75 million this year in a public offering, including Vector's investment, which is valued at just under $20 million.