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Home / Business / Companies / Manufacturing

Elrick takes over at steel supplier

BusinessDesk
27 Sep, 2011 04:49 PMQuick Read

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Steel & Tube Holdings, the construction materials supplier, says Janie Elrick will take up the reins as chief financial officer and company secretary from December, filling a position that has been vacant since June 9.

Elrick, a chartered accountant, replaces Tony Candy, who resigned this year.

Her appointment comes as the steel supplier continues to slowly improve its bottom line, which has come under pressure as construction activity plummeted after the global financial crisis.

Last month Steel & Tube said net profit for the year ended June 30 rose to $17 million from $5.7 million the previous year, but cautioned that market conditions still looked challenging.

Elrick previously worked at Deloitte Touche Tohmatsu, the New Zealand Dairy Group of Companies and Fonterra before serving as chief financial officer at fruit exporter Zespri and dairy company Synlait.

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Steel & Tube was steady at $2.37 yesterday, and has gained 11.2 per cent this year.

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