The NZX’s search for its next Chief Executive Officer is reportedly progressing, despite the firm not having named a permanent candidate in the wake of an earlier announcement in which acting CEO Tim Bennett announced that he would be stepping down at the end of the year.
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In the meantime, the NZX has appointed Mark Peterson, its Head of Markets, as its interim CEO, who will step into the new role on January 1, 2016, according to an NZX statement. Mr. Bennett will remain in the role and continue to drive the business until year-end, when an effective transition is made to Mr. Peterson.
Tim Bennett was originally tapped as the CEO of NZX back in May 2012. He replaced Mark Weldon who had spent more than a decade in the role, that almost made the NZX and its former CEO one and the same. Prior to joining NZX, Mr. Bennett was a partner at Oliver Wyman in Singapore, and before that a partner with the Boston Consulting Group in Asia and Australia.