Bradshaw retires after 17 years in MTF role

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 winery.