Tz (ASX:TzL) has just announced a change to its board.
Tz is pleased to announce the appointment of Mr. Duncan McCulloch as a Non-Executive Director of the Company.
Duncan is a Chartered Accountant with a background steeped in corporate advisory over a board range of industry sectors, in particular technology and agribusiness.
Shares of Tz have fallen 2.000% following the announcement.
Any change in the make-up of a company?s board can have an impact on a company?s stock price.
Generally, age-related turnovers and voluntary resignations have a marginal impact on the share price.
However, when either the Chairman or another board member is ousted, this can have a significant impact on the stock price.
As the role of the board is to endorse the strategy of the business, changes to the board can have an impact on the strategic direction of the company and therefore it?s future profitability.