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Two Senior Execs at NZEC Take Early Retirement

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Two Senior Execs at NZEC Take Early Retirement

Further to New Zealand Energy Corp.'s commitment to reduce costs, two of NZEC's senior executives, Bruce McIntyre and Ian Brown, have taken early retirement from their paid employment positions.

Bruce McIntyre will remain on the Board of Directors and Ian Brown will act as an advisor to NZEC.

John Proust, Chief Executive Officer and Director of NZEC, commented: "On behalf of the Board of Directors and NZEC employees, I thank Bruce and Ian for their significant contributions to NZEC. They remain committed to the Company's success and I look forward to their continued input."