Motor Trade Finances managing director Angus Bradshaw has
retired after deciding to do something else, the chairman of
the Dunedin-based company, Stephen Higgs, said yesterday.
The company caught many by surprise on Friday by issuing a
brief statement to the NZX advising Mr Bradshaw was leaving
on November 30 after 17 years in the job.
Mr Higgs said Mr Bradshaw was of retirement age.
There was a suggestion Mr Bradshaw's retirement might open
the way for Heartland Bank to renew its efforts to take over
MTF as both work in motor vehicle finance.
A recent meeting of MTF shareholders endorsed the board and
its action over a long-running court case. The meeting was
called by disaffected shareholders.
Mr Bradshaw is one of the founders of Grasshopper Rock