Mark Peterson, CEO of the New Zealand Stock Exchange (NZX), has announced his resignation and will step down in April next year.
This concludes Peterson’s tenure after nearly a decade in the position.
He said he was nearing completion on several projects designed to drive the company’s development and growth, making this an ideal time to step aside.
“NZX has an experienced and talented senior management team, is operating up-to-date and secure technology infrastructure and has a positive organisational culture and relationships with customers, stakeholders and shareholders,” he said.
“This demonstrates the time is right for me to stand down and for the NZX board to appoint a new chief executive to lead NZX into the future and continue to deliver its strategic priorities.”
Peterson noted that providing this much advance notice would ensure a smooth transition and allow ample time to find and appoint a new chief executive.
NZX Chairperson John McMahon described Peterson as an outstanding leader for the company.
“He is a highly effective all-round performer who has calmly and ably led the NZX Group through some challenging and volatile times.
“Mark has also built strong relationships in New Zealand and internationally, in particular the business partnerships we have with the Singapore Stock Exchange and the European Energy Exchange.”