27 Nov 2012

Tourism Holdings chairman to step down

6:42 pm on 27 November 2012

Tourism Holdings chairman Keith Smith will step down at next year's shareholder meeting.

He says the company has addressed weakness in the business and with the completion of the merger between Tourism Holdings, United Campervans and Kea Campers the board is confident the company is on the right path.

Tourism Holding is forecasting its underlying earnings to more than halve to between $4.2 and $5 million for the six months to December, due to the cost of the merger, while it also enjoyed a boost last year from the Rugby World Cup.