Strengthening for growth, or subliterate lies?
"Moa Board - Strengthening for Growth"
= Directors hold noses and jump. Independent chair / professional directors appointed. Founders step back. Company now on autopilot.
"Alistair Ryan, a director since the company listed, is retiring from the board in order to rebalance his portfolio of other directorships and business interests."
= Ryan quits. The bolded bit is meaningless.
"Current Chairman, Grant Baker, will remain on the board as a Non - executive Director."
= Baker loses interest in this dog.
Moa Group Limited 15 January 2015 Moa Board - Strengthening for Growth
Moa Group Limited (NZX:MOA) today announces moves in the make - up of its Board to strengthen the company’s focus on growth in it’s primary markets of New Zealand and Australia .
Ashley Waugh, who joined the Board of Moa in September last year , is to assume the role of Independent Chairman.Ashley is former CEO of National Foods in Australia, owned by Kirin, and previously a Director of Australian start up yogurt brand Five:AM , which grew to become a key high value brand in the Australian yogurt category and was recently sold in a trade deal. Ashley is also a Director of the Heat Group in Australia, and Seeka Kiwifruit Industries in Te Puke where he also serves as Chairman of the Audit and Risk Committee. The Board considers Ashley’s extensive experience in FMCG, brand development and his indep endent status makes him well suited to the role.
Current Chairman, Grant Baker, will remain on the board as a Non - executive Director.
Alistair Ryan, a director since the company listed, is retiring from the board in order to rebalance his portfolio of other directorships and business interests.
The Board wishes to thank Alistair for his strong contribution during this time and particularly during the IPO, the subsequent capital raising and the change in distribution model in New Zealand.
Replacing Alistair is John Ashby. John has over 30 years’ experience in international food and beverage including 10 years in the beer category at Lion Nathan and Whitbread UK. John has also had experience at Foodstuffs , Kraft General Foods and Cer e bos . John is currently Deputy Chair man of Asure Quality and a Director of Tasti Products, Columbus Coffee, Integria Health Care, Yealands Wine Group, Groenz Group and a trustee of Medicine Mondial e .
The Board make up will be: · Ashley Waugh – Independent Chairman , Chair of Remuneration committee and member of Audit & Risk committee · John Ashby - Independent Director and Chair of Audit & Risk committee · Allan Scott - Direct or · Craig Styris – Director and m ember of both A udit and Risk committee and Remuneration committee · Grant Baker - Director · Geoff Ross – CEO and Managing Director The changes will take effect at the January 28 Board meeting.
Differentiating the product...
Quote:
Originally Posted by
kizame
At the end of the day what differentiates this beer from all the others on the market,except the label and the price.
Funnily enough I was in a supermarket very recently where a merchandiser was doing a tasting demo and describing the beer to a punter as I wandered past with my wife, we heard quotes like "Yes, the Lager is a lot like your Steinlager or a Heinie [sic]" and "Oh the Pale Ale, yes that's a lot like a Corona."
As we got further down the aisle, my wife remarked "That was terrible. Who would talk about a competitor's brands in a sales spiel? If they worked for you, you would probably fire them!" She also recalled that the last time we saw a Moa Rep in another Supermarket he seemed determined to ignore us.
Personally I quite like the beer that's made in the same brewery (Stoke) and at least the McCashin Family have some beer making heritage. I just don't think Moa has figured out how it's going to position itself in the hearts and minds of the folk who will actually drink and buy it - or worked out how to distribute it in a sustainable way.
Just because I can get it gratis in a Koru Lounge doesn't necessarily equate it to being premium to me.