Fisher & Paykel Appliances ceo to step down

Thursday, 12 December 2019

Dan Witten-Hannah will take over in January.

Fisher & Paykel Appliances has a new boss.

The company has announced its chief executive of 10 years, Stuart Broadhurst, is to step down, and will be replaced by the company's chief commercial officer and a board director, Daniel Witten-Hannah from January.

The appointment was made by the board and Haier, the Chinese whitewear company and F&P Appliances' majority owner.

In a statement, the company said Broadhurst would take time to consider new challenges, but would help with the transition and that it was part of a planned leadership change.

READ MOREE: Haier takes over F&P Appliances

The company had grown significantly during Broadhurst's tenure, and his 'ambition for the brand and personal drive' had been integral to the company's success, chairman Liang Haishan said.

Fisher & Paykel Appliances delisted from the NZX after a successful takeover bid by Haier in 2012.

However, its sister company F&P Healthcare which makes respiratory devices is still on the board.