Posted on 28-3-2003
Sale
Of Domainz
InternetNZ is in the process of divesting DOMAINZ, as it will
not be
appropriate for InternetNZ to own a Registrar after 30 September
2003.
From preliminary indications, there is significant interest
in the
availability of DOMAINZ for purchase. The CEO of DOMAINZ has
notified
InternetNZ that the staff are interested in a management buyout
of
DOMAINZ. This bid would include current Chair Bob Gray, Director
Roger De
Salis, as well as the CEO Derek Locke and other staff.
Bob Gray and Derek Locke have therefore resigned from the DOMAINZ
Future
Taskforce which has been managing the sale process and James
Scott has been
appointed as an additional DOMAINZ representative on the Taskforce.
The Board of DOMAINZ has also set up an independent committee
of the Board
consisting of Donna Hiser, James Scott and Drew Whittle. This
committee
has been delegated full authority to act for the Board on all
issues
relating to the sale process.
InternetNZ is still assessing options for the sale process.
The Society
will be utilising experienced advisers to establish a process
which will
best serve the public interest objectives of the Society, secures
a fair
price, and is equitable to prospective purchasers. This will
include a
conflict of interest regime to manage any interest from Domainz
management
or others who have supported the work of the Society with their
time, in
the past.
--
E-mail: david@farrar.com
ICQ: 29964527
MSN: dpf666@hotmail.com
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