Bremworth shareholders oust most directors for poor performance

Bremworth shareholders have successfully removed most of the company's directors, citing a lack of growth and value. Rob Hewett, chair of Silver Fern Farms, will lead the new board, with three directors replaced and two retained. Hewett plans to focus on using a $42.2 million insurance payout from Cyclone Gabrielle effectively. He aims to consolidate and transform the business while reviewing potential buyers or investors. A request to replace the board has been withdrawn. The new directors will be presented for shareholder approval at the upcoming annual meeting.