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New OPUS CFO from NZ

Tuesday, 22 December 2009
By Print 21 Online Article

The private equity backed company stays true to its origins with the appointment of Ken Bugden as chief financial officer.

The appointment is seen as bolstering the group’s New Zealand clout. Although primarily an Australian operation, the majority of its investors are Kiwi. Having the CFO in Auckland makes perfect sense and emphasizes its ongoing NZ identity.

OPUS is continuing to look at growing both organically and from new acquisitions. According to CEO, Cliff Brigstocke, there will be some announcements early in the New Year.
“We don’t like to say too much until everything is settled, but we will be making acquisitions,” he said.

Ken Bugden is the former Chief Financial Officer of Might River Power and before that was a senior figure in the growth of publicly listed Waste Management, also as CFO.

“We are thrilled to attract such an outstanding executive to join our rapidly growing business,” said Brigstocke. “Ken is clearly an impact player with an exemplary track record of leading large state-owned and publicly successful businesses.”

“Ken’s finance, reporting, governance and M&A skills will be invaluable as
OPUS continues to expand and secures a market leading position as the region’s most successful specialty printer, with annual revenues approaching $100 million.

“Having Ken based in Auckland will add depth to our plans to build on our local position given the clear rebound of the economy and our already substantial Australian presence.”

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