Vector (NZX:VCT) advises that chief executive Simon Mackenzie has decided to step down later this year.

Vector Group (NZX: VCT) today announces its result for the first half of the 2025 financial year.

The six months ended 31 December 2024 has seen network connection numbers continue to grow across Vector’s Auckland electricity and gas networks. In the year to 31 December 2024, total electricity connection numbers grew by 1.5%.

Vector will be announcing its half year financial results for the six months ended 31 December 2024 on Wednesday 26 February 2025.

The quarter ended 30 September 2024 has seen network connection numbers continue to grow across Vector’s Auckland electricity and gas networks.