South Canterbury Finance gets new chairman

The new independent chairman is Bill Baylis.

Baylis says the board is committed to the turnaround he and the other independent directors joined the company to undertake late last year.

"South Canterbury Finance is making solid progress towards rebuilding a sound financial footing for the future."

Baylis, a former partner of accounting firm KPMG, has broad governance experience over a range of industries. He is currently Chairman of Real Journeys Limited, a director of Landcorp Farming Limited, Port of Tauranga Limited, where he is Chairman of the Audit Committee, and several private companies. He is a past chairman of Pyne Gould Guinness Limited, PGG Wrightson Limited and Naylor Love Enterprises Limited.