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The search is on for a new chief executive of Whitestone Contracting.
Former chief executive Glenn Campbell left the Waitaki District Council-controlled company in December, after 11 years in charge, to take up a senior managerial position with roading and infrastructure company Higgins, in the North Island.
Interim board chairman Steve Grave said the company had been a "strong performer" and produced "excellent results" under Mr Campbell’s leadership, and the board had accepted his resignation with regret.
Mr Campbell’s departure was one of many changes to take place at Whitestone, with chairman Michael de Buyzer retiring from the board after 13 years, Steve Thompson after nine years and Ross Pickworth after six years.
Until a replacement for Mr Campbell could be found, Paul Bissett was acting chief executive.
George Kelcher remained on the board with Mr Grave.
New members were Sina Cotter-Tait, Craig Wyatt and Jonathan Kay.
"The company is in good heart, operating profitably, and has positive forward workload," Mr Grave said.
The past financial year to June 2021 had been less profitable than other years for the company, with a recorded profit of $184,675 compared with $1,045,389 the previous year, in what was described by Mr de Buyzer, at the time, as "difficult trading conditions".
Covid-19 related factors had impacted the company’s performance and caused delays with consents and material supply, along with one-off costs, such as setting up for new contracts.
Whitestone had since carried out a "degree of restructuring", and good results had been predicted "going forward".
Applications for the chief executive position closed on February 6.