By PHILIPPA STEVENSON
The new Enza board is moving like lightning, promising a review of the apple exporter within a month and flagging possible Stock Exchange listing.
The Enza chairman since Monday, Tony Gibbs, said he had no preconceived ideas about what the strategic and operational review would throw up.
"There will be
no sacred cows and it will be done in a sensible, business-like manner to enhance grower returns and shareholder wealth. I want Enza pulling together in an efficient and effective way."
Mr Gibbs was appointed to the board after Sir Ronald Brierley's Guinness Peat Group in conjunction with FR Partners gained a 36 per cent stake in Enza.
Mr Gibbs said nobody had been chosen to do the review but it would be completed by September 30 and available to growers in October.
"The focus of the review will be to investigate measures for making Enza more efficient, improving performance in export markets and making the company more responsive to the needs of its grower clients. It will consider, among other things, the desirability of listing the company on the New Zealand Stock Exchange and inviting the public at large to participate," he said.
There were no plans for board members to visit Enza's overseas operations but Mr Gibbs said he would be in Europe on GPG business in coming weeks and would visit key customers and staff.
Four of its six members joined the board on Monday.
The Grant Samuel valuation report, commissioned by the previous board when GPG and FR Partners first bid for up to 40 per cent of Enza shares in July, will go to growers in the next few days.
