The board of directors of Freightways Limited appointed David Gibson to the Board of the company, effective on 1 April 2022. Mr. Gibson will also stand for election at the Annual Shareholders Meeting currently scheduled to be held on 27 October 2022. David is a professional director and investor.

His current directorships include Goodman Property, Trustpower, NZME and Rangatira. David's background is in finance with a 20 year career in investment banking having held senior positions and governance roles with Deutsche Bank and Deutsche Craigs, in New Zealand. He is actively involved with several New Zealand growth companies.

After over 11 years on the Board, Mark Verbiest, the current Chair of the Board of Directors, has announced that he will be retiring from the Board with effect from 31 March 2022. Mark joined the company as an independent director in 2010 and has been Board Chair since June 2018. Mark's strong commercial acumen, knowledge of Freightways and broad experience as a listed company chair, has supported Freightways development, in particular over the past 3 years.

Mark has been a key figure in the expansion of Freightways' interests into temperature-controlled freight and waste renewal as well as helping guide the company through the challenges of Covid-19. The Board has unanimously resolved to appoint Mark Cairns to replace Mark Verbiest upon his retirement. Mark joined the Freightways Limited Board of Directors as an independent director in April 2021.

Mark Cairns has been Chief Executive of Port of Tauranga, New Zealand's largest and most successful port, since 2005, retiring in June 2021 to pursue a full-time governance career. Mark is also a Director of Meridian Energy Limited and Sanford Limited.