Archive | On the move

On the move, November 2018

Walters joins K3 Legal
New Metro Glass chief now due this month
Penney to join Stride as investment manager
Reserve Bank redesigns leadership structure
Lowndes appoints Dewe as director

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

11 November 2018:

Walters joins K3 Legal

Jeff Walters.

Property & construction law specialist Jeff Walters has joined the K3 Legal team, taking the number of directors to 8.

Mr Walters has 19 years’ experience in the sector, including acting for some of New Zealand’s largest organisations.

He said of his appointment: “K3 is very distinct in the way it goes about the business of law and I’m excited by those opportunities. And having the K3 Accounting & K3 Consulting teams working alongside K3 Legal will be very useful, particularly for construction & property clients.

Mr Walters started his career with Chapman Tripp in Auckland before a stint with Chapman Tripp in Wellington and then a return to Auckland & Bell Gully. In 2012, he joined Lowndes as a partner, where he spent 5 years, followed by 18 months at Anderson Creagh Lai.

He’s presented seminars on topics such as residential development in Auckland, the Building Act 2004, the Property Law Act 2007, the NEC form of construction contract, and limited liability partnerships & property development.

He advises on all property matters, including property management, acquisition & disposal, hotel leasing, management & brand franchising, commercial, retail & industrial leasing, development, construction, and mortgagee sales.

“My clients include developers who are buying land, building on it and then onselling, so I’m involved with their projects from beginning to end. I also work on residential & commercial sales & leasing, and advise on construction disputes.”

In addition to his law degree from Auckland University, Mr Walters has a masters in art history so has a keen appreciation of the many artworks adorning K3’s walls.

6 November 2018:

New Metro Glass chief now due this month

Metro Performance Glass Ltd’s new chief executive, Simon Mander, will join the company 2 months earlier than anticipated when he was appointed in August.

His start date has been brought forward from January to Monday 19 November.

Mr Mander has been chief executive at Tru-Test Corp Ltd for a year. Swiss company Datamar SA completed its acquisition of Tru-Test at the end of September. That was one of 3 short appointments for Mr Mander since January 2016, when he left Rapak Asia Pacific after 11 years as managing director. He was general manager of transformation at Fletcher Building Ltd’s building products division for the next 8 months, then headed Fletcher subsidiary Firth Industries Ltd’s masonry, dricon & CSP Pacific businesses for a year.

Penney to join Stride as investment manager

Stride Investment Management Ltd has appointed HRL Morrison & Co Ltd investment director Steve Penney as investment general manager, starting in February.

In his 6 years at Morrison & Co, he’s led property investment & redevelopment projects and managed multi-functional teams to deliver property investment strategies. At Stride, he will be instrumental in the next evolution of the property group’s investment management fund strategy.

Before joining Morrison, he spent 8½ years at PricewaterhouseCoopers, where he advised governments on largescale infrastructure projects in both New Zealand & Australia, with a focus on the financial & commercial aspects, and gained extensive experience in corporate treasury & financial markets.

Stride chief executive Philip Littlewood, who joined the company in June 2017, said this appointment completed his executive team, which now had “the right mix of domestic & international experience to seek new opportunities & further grow Stride Property Group”.

Reserve Bank redesigns leadership structure

The Reserve Bank is creating a new senior leadership team to achieve its vision of “great team, best central bank”. The new structure will take effect in December.

Reserve Bank governor Adrian Orr said last Friday the new team would better balance the workload, allow leaders to operate more strategically and provide more depth in teams for growing capacity & capability.

“The Reserve Bank currently has a senior management group made up of 13 positions. The new leadership structure is focused & better aligned to how we operate as a whole – across people; systems & processes; policy; and relationship management.”

Mr Orr said bringing about the new team had implications across the bank. Affected staff had been consulted, some had taken new positions on the team or other leadership roles in the bank, and a few had elected to leave the bank.

Appointments to senior leadership team:

  • Geoff Bascand (currently deputy governor & head of financial stability) has accepted a role on the team as deputy governor & general manager of financial stability
  • Lindsay Jenkin (currently head of human resources) has accepted a role on the team as assistant governor/general manager of people & culture
  • Mike Wolyncewicz (currently chief financial officer & head of financial services group) has accepted a role on the team as assistant governor/chief financial officer finance.

Mr Orr said the bank would start recruiting soon for the remaining 3 roles on the team.

Leadership changes:

  • John McDermott (currently assistant governor & head of economics) has accepted the role of chief economist & head of department for economics in the economics, financial markets & banking group
  • Toby Fiennes (currently head of prudential supervision department) has accepted the role of head of department for financial stability policy & analytics
  • Steve Gordon (currently head of currency, property & security) has accepted the role of head of department banking in a newly formed economics, financial markets & banking group
  • Patrick Hoerler (currently head of risk, assurance & assessment) has accepted the role of head of department for risk & audit in a newly formed governance, strategy & corporate relations group
  • Steffi Schuster has accepted the new role of head of department for data & statistics
  • Andy Wood has accepted the new role of head of department for financial system oversight.

Departures:

  • Sean Mills (assistant governor & head of operations), Mark Perry (head of financial markets) & Klarissa Plimmer (chief information officer & head of digital services) have elected to leave the Reserve Bank
  • Bernard Hodgetts (head of macro-financial department, who is currently seconded as director Reserve Bank review in the Treasury) has also chosen to leave the Reserve Bank after he finishes his role leading the review.

2 November 2018:

Lowndes appoints Dewe as director

Kerri Dewe.

Law firm Lowndes Ltd has appointed Kerri Dewe as a director. She joined the firm in 2011 after her return from 3½ years as a senior associate at Dentons in Dubai.

She became a principal of Lowndes in 2013 and has developed her practice in corporate and mergers & acquisitions law. Chambers Asia Pacific recognised her in 2014 as ‘associate to watch’, and Legal500 Asia Pacific in 2018 as a ‘next generation lawyer’.

She regularly advises on constitutional & governance issues, corporate refinancing, securities legislation, regulatory compliance, consumer law & non-contentious employment matters, and has experience in telecommunications & technology law, advising on procurement, outsourcing, licensing, compliance, internet-related issues & energy projects.

After graduating from Otago University in 2002 with an LlB (honours – first class) & BCom (economics), Ms Dewe joined Chapman Tripp in Auckland then spent a year as a project manager for the initial roll-out of Vodafone’s 3G network, liaising with stakeholders, including external consultants, local government, landowners & community groups, negotiating multiple site agreements and contributing to upper management decisions.

She joined Lowndes Jordan (LowndesLaw’s first independent firm) for 2 years before her stint in Dubai.

Ms Dewe is also an endurance athlete, competing in the Kona world ironman championship in Hawaii last year.

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On the move, October 2018

Wood to move from NZME to Realestate.co.nz
Human relations specialist moves from Fletcher Construction to Steel & Tube
Martin moves from Crossmark to top role at Apprentice Training NZ
Century 21 appoints new national manager for NZ
Tuck takes on new corporate services role at Auckland Airport
CBRE appoints structured finance director
CoreLogic appoints Sydneysider to Auckland management role
Sydney-based Facebook manager joins Warehouse board
Freeman to replace Townsend at Property Council

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

31 October 2018:

Wood to move from NZME to Realestate.co.nz

Sarah Wood.

Property advertising website company Realestate.co.nz Ltd has appointed Sarah Wood as its chief executive, taking over next February from Brendon Skipper, who resigned in June to pursue his own business interests after 4 years leading the company.

Realestate.co.nz is 50% owned by the Real Estate Institute and 50% by 5 agency companies – Ray White (Real Estate) Ltd, LJ Hooker NZ Ltd, Barfoot & Thompson Ltd, Harcourts Group Ltd & Bayleys Corp Ltd.

Realestate.co.nz chair Fairfax Moresby said yesterday: “After an extensive search it was clear to the board of directors that Sarah’s customer-focused marketing expertise, coupled with her significant platform experience & leadership in digital technology transformation, made her the ideal person to lead realestate.co.nz into the future.”

The site receives over 900,000 unique visitors/month and has over 140,000 social media followers.

Ms Wood has worked at NZME Publishing Ltd for 4 years in various digital-focused roles and is digital ventures general manager for GrabOne & YUDU. Before that, she worked in the US on the relaunch of the GS1 US brand & website.

She’s had 3 stints at NZME & predecessors, as newspaper sales promotions manager, display segment business market manager & business market manager, and the most recent digital roles.

Human relations specialist moves from Fletcher Construction to Steel & Tube

Anna Morris.

Steel & Tube Holdings Ltd has appointed Anna Morris as people & culture general manager, starting in January.

She has a background in human resources, law & corporate services and has been at The Fletcher Construction Co Ltd for the last 5 years, most recently as head of people & performance.

After graduating with law & arts degrees from Victoria University of Wellington in 2003, she practised law at Simpson Grierson for 3 years and in Australia for 2 years, then took on human relations at Unilever for 3 years and a variety of role in relation management at John Holland in Australia for 6 years.

Steel & Tube has identified a focus on people as one of the 4 strategic pillars under its Striving for excellence strategy.

Chief executive Mark Malpass said: “Part of being a leading company is having high performing, talented people and investing to help them realise their potential. Anna is an outstanding executive and her skills & experience will be of significant value as we seek to create a culture & environment that inspires & rewards our people.

“An important part of Anna’s role will be to further develop Steel & Tube’s high performance culture, training, development, succession planning & internal communications initiatives.”

Ms Morris replaces Dave Clegg, who has resigned to take up a new opportunity after 8 years at Steel & Tube.

29 October 2018:

Martin moves from Crossmark to top role at Apprentice Training NZ

Susanne Martin.

Apprentice Training NZ (ATNZ) has appointed Susanne Martin as general manager.

ATNZ is New Zealand’s largest employer of apprentices in mechanical engineering & related industries, including automotive, manufacturing, print & packaging. The not-for-profit charity employs over 380 apprentices who are seconded to businesses throughout New Zealand. Employers pay ATNZ to host an apprentice on a contract basis to work & learn. The organisation has recruited 105 apprentices this year and has another 50 vacancies to fill.

Ms Martin has joined ATNZ in Auckland after senior executive roles at international marketing agency Crossmark for 10 years and health technology company Philips in New Zealand & Australia for 6 years.

ATNZ said she had extensive experience in developing people, managing high performance teams & B2B relationships, and would be responsible for managing & developing the apprentice programmes.

Ms Martin said: “Infometrics data shows us that this country needs more than 5500 new workers in the mechanical engineering sector between now & 2022 to fill new jobs and replace workers who retire or leave. So our work is incredibly important.

“I’m hoping to take another step up with the customer-driven team, refining our service while remaining committed to being the premium apprentice training resource for New Zealand businesses.”

Century 21 appoints new national manager for NZ

Century 21 Australasia has appointed Ryan Mitchell as national manager for New Zealand, replacing Geoff Barnett, who held the job for 6 years.

Originally from London, Mr Mitchell joined the agency as a sales agent in 2015 after 6 years at Ray White, and was his new agency’s top agent in 2016 & 2017. He became Century 21 NZ’s network manager early this year.

Century 21 Australasia chair & owner Charles Tarbey said: “Ryan brings fantastic first-hand experience & knowledge of the real estate industry as well as plenty of success. We’re delighted to now have him heading Century 21 NZ.”

At Century 21’s Australasian convention last year, Mr Mitchell received the centurion producers award, which the agency presents to its highest individual achievers internationally.

He said his priorities for Century 21 NZ included investigating untapped locations for new offices; increasing business development support to existing franchise owners including recruitment, retention & sales training; encouraging greater use of social media in sales & marketing to ensure better targeting & traceability; and growing a company culture based on exemplary service & results.

Century 21 itself has changed this year, rebranding internationally under the name C21.

11 October 2018:

Tuck takes on new corporate services role at Auckland Airport 

Auckland International Airport Ltd has appointed Mary-Liz Tuck as its general manager of corporate services, starting in early 2019. She will be responsible for key corporate functions including legal, people, safety & public affairs.

Chief executive Adrian Littlewood said today the new role would bring together many of the company’s core corporate functions: “Mary-Liz has a strong background in the law as well as considerable commercial & operational experience, making her a great fit for the position.”

She’s held several roles at Fisher & Paykel Appliances Ltd since she joined that company as senior legal counsel in 2011, including operational, customer experience & business excellence management. Most recently, she was the business excellence executive vice-president, which involved leading an organisational transformation programme to deliver important benefits to the business.

“Previously Mary-Liz had been employed as Fisher & Paykel Appliance’s general manager global customer experience, heading a division of 400 employees across New Zealand, Australia, the US & the UK. This followed her roles in the Fisher & Paykel Technologies business setting up their motor operations in China, and acting general counsel, during which time she worked on key projects such as the Haier takeover of Fisher & Paykel as well as a wide range of other corporate finance, consumer, competition & commercial law matters.”

Ms Tuck said she was looking forward to using her considerable commercial experience in her new role: “I am excited to be joining the Auckland Airport team at this important point in its history. It has great plans for the future and I know I will enjoy being part of the team that supports bringing these to life.”

Before joining Fisher & Paykel, Ms Tuck practised as a lawyer for 15 years, including with New Zealand law firm Harmos Horton Lusk Ltd and London-based Freshfields Bruckhaus Deringer. She was involved in many significant commercial & corporate transactions, including the partial IPO of Vector Ltd (acting for Entrust) and the takeovers of Powerco Ltd & Metlifecare Ltd.

5 October 2018:

CBRE appoints structured finance director

Toby Scott.

Real estate consultancy CBRE has appointed Toby Scott as director of debt & structured finance in New Zealand.

Mr Scott, a real estate investment & finance specialist, has been involved in New Zealand’s commercial real estate market for 15 years. He has expertise across all sectors from managing debt portfolios in New Zealand & the UK.

CBRE Wellington managing director Matthew St Amand said Mr Scott’s appointment was an exciting step for the New Zealand business: “Many real estate transactions benefit greatly from the inclusion of a debt specialist. Toby’s excellent reputation in the property industry, combined with his existing relationships with clients, allows CBRE to differentiate ourselves from our competitors.”

CBRE NZ executive chair Brent McGregor said having a fully integrated debt & equity service would provide unparalleled insights into market conditions.

Mr Scott will work closely with CBRE’s Asia Pacific debt & structured finance team, led by Andrew McCasker, to focus on delivery of a broader range of funding solutions for property owners & developers. In Australia, Mr McCasker, previously at National Australia Bank & a mortgage business, joined CBRE last December and has nearly doubled the loan originations undertaken by his team to $A2 billion.

After 10 years as a property & construction finance senior manager at ANZ Banking Group Ltd in Australia & New Zealand, Mr Scott spent 18 months as a real estate senior manager at Al Rayan Bank in London and 2 years as general manager of Anaro Investments Ltd. Anaro, based in Oamaru, was founded in 1995 to meet investment needs of South Island farming families.

Peter Bromley.

CoreLogic appoints Sydneysider to Auckland management role

CoreLogic NZ Ltd has appointed Peter Bromley as NZ executive sales & marketing general manager, based in Auckland. For the last 5 years he’s been CoreLogic’s enterprise & government general manager for small & medium enterprises in Australia & New Zealand. After 7 years at Westpac Banking Corp Ltd in Sydney, where he became state sales manager, he was RAMS Financial Group Pty Ltd’s head of home loans for 5 years, then took on that role for LJ Hooker Ltd for 8 years. He’s also been a director of Athletics Australia for 8 years.

Sydney-based Facebook manager joins Warehouse board

The Warehouse Group Ltd has appointed Facebook’s managing director & vice-president for Australia & New Zealand, Will Easton, as a non-executive director.

Will Easton.

Mr Easton has held that Facebook job twice, and was also managing director of Asia Pacific emerging markets for Facebook, based in Singapore, for 2 years. He joined Facebook in 2013 after 6 years in leadership roles for Google in Sydney & Singapore, finishing as its Asia Pacific head of mobile. He started his career with Coca Cola as a retail sales manager. Mr Easton holds a bachelor of financial services degree from the University of the West of England.

Warehouse Group chair Joan Withers said: “Will is a dynamic leader with a strong track record of driving transformational change across a range of emerging markets & technologies and we are very pleased he is able to support us at what is an important time of transformation at The Warehouse Group.

“Will’s substantial experience in technology will add a valuable skillset to our board, and will complement the experience of existing members.”

Mr Easton will attend his first board meeting on 25 October and stand for election by shareholders at the annual meeting in November.

2 October 2018:

Freeman to replace Townsend at Property Council

Leonie Freeman.

The Property Council has appointed Leonie Freeman to replace Connal Townsend as chief executive, effective from early December.

National president John Dakin said: “We’re delighted that, after an extensive search, both nationally & internationally, we’ve found someone of Leonie’s calibre & expertise.

“Leonie has a unique breadth of insight into New Zealand property. Her deep knowledge of both the commercial & residential sectors stands her in good stead to champion the industry and work constructively with central & local government.

“Strong leadership is what New Zealand’s property industry needs at this point. As someone who has held top positions on both sides of the public & private divide, she has a unique perspective & overview of the issues & challenges facing our industry.”

Ms Freeman said: “Commercial & residential property affect all of our lives. Here in New Zealand there are some big issues facing our property industry. Solving them for the good of all of us will require co-ordinated leadership & vision. I’m excited to be able to lead Property Council at this critical time to help increase New Zealand’s prosperity.”

In 1996, Ms Freeman created the concept of what is now realestate.co.nz, one of the first major commercial property websites launched in New Zealand. She bought & transformed her own residential property management business in 2000, before becoming a strategic property advisor during the establishment of the new Auckland Council, and going on to be general manager of asset development for Housing NZ.

In 2011, she was appointed to the board of the NZX-listed Goodman Property Trust, and recently she’s dedicated her time to leading an independent philanthropic initiative to solve Auckland’s housing crisis, launching thehomepage.nz and hosting the Auckland Housing Forum this year.

Ms Freeman holds an MCom degree, majoring in valuation & property management. She’s a life member of the Property Institute, a chartered member of the Institute of Directors and a member of Global Women. In 2017 she was awarded the Property Institute’s supreme property award, the Property Council Auckland property people judges’ choice award, and was a finalist in the Westpac Women of Influence awards.

Mr Townsend will officially retire on 31 December after serving as the Property Council’s chief executive for almost 15 years.

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On the move, September 2018

Leighs joins Ryman board
Real Estate Institute gets 2 new independent directors
Harcourts International adds 3 members to board
Young joins council
Equilibrium modellist joins Fed board
Dunphy to leave Precinct
Savills appoints several new brokers to Auckland team
Metro Commercial expands city fringe coverage with new appointment
Young-Cooper returns to Panuku as chair
Bayleys appoints 2 commercial managers in Bay of Plenty & Waikato

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

24 September 2018:

Leighs joins Ryman board

Anthony Leighs.

Ryman Healthcare Ltd has appointed Leighs Construction Ltd founder Anthony Leighs as an independent director from next Monday, 1 October.

Mr Leighs founded his own construction company in Christchurch in 1995 and expanded into the Auckland commercial market 4 years ago. He’s a member of the Government Building Advisory Panel & the Construction Strategy Group, a former chair of the Registered Master Builders’ Association and former deputy chair of the Building Research Advisory Council.

Ryman chairman Dr David Kerr said: “Anthony brings a deep knowledge of the construction industry to the board table. He’s built his own successful construction company from the ground up, so he understands exactly what it takes to build complicated construction projects safely, on time & within budget.”

Mr Leighs, 47, said of Ryman: “I have enormous admiration for the business, for the services the business provides to older people, the company’s grounded & caring values and the success that has been generated to date.

“Building is an important part of Ryman’s activities and I look forward to contributing to what I am sure will be further success over the coming years.”

Ryman Healthcare has a busy construction division, with 4 new villages under construction and another 12 villages in its development pipeline.

Ryman chief executive Gordon MacLeod said it was good to have Mr Leighs on board as Ryman looked to double its build rate: “We’re already one of the largest residential & healthcare infrastructure builders in New Zealand, and our growth plans require a further lift in our building capacity while maintaining safety & quality.

“We’ve got some really challenging goals to meet, so we are delighted to welcome Anthony to the board. He brings a specific set of governance skills which will support our ever-expanding development & construction operations.’’

21 September 2018:

Real Estate Institute gets 2 new independent directors

The Real Estate Institute has appointed 2 new independent directors – Bridget Coates & Angela Bull – replacing Dame Rosanne Meo & David McConnell, who’ve retired.

Dame Rosanne, chair of the board, said: “We are delighted to have 2 directors who bring so much experience to the boardroom table and I look forward to working with them closely over the coming months, before I depart the institute at the end of November.”

Bridget Coates.

Bridget Coates was made a member of the NZ Order of Merit in 2014 for her services to business. She’s a director of Tegel Group Holdings Ltd, chairs and is chief executive of Kura Nutrition and White Cloud Dairy Innovation Ltd, and is a member of the Auckland University Business School’s advisory board. She completes a term as a director of the Reserve Bank next week and was previously a director of the NZ Superannuation Fund.

Past roles in her extensive business career include being chief executive of Carter Holt Harvey Plastic Products & a director of numerous Carter Holt subsidiaries, director of research for CS First Boston NZ Ltd, inaugural chair of Auckland-based incubator The Icehouse Ltd, a director of NZX-listed SkyCity Entertainment Group Ltd and Fisher & Paykel Appliances Holdings Ltd.

Angela Bull.

She’s been on the board of the NZ/US Beachhead Programme – an NZ Government programme offering strategic advice & mentoring to businesses seeking access to the US market, Industry NZ (now NZ Trade & Enterprise), Committee for Auckland Ltd and Auckland University-owned technology transfer business Auckland Uniservices

Ltd. She has degrees in economics & finance and is a chartered financial analyst.

Angela Bull has been chief executive of property investor Tramco Group Ltd since 2016. Tramco has significant large landholdings, including the Viaduct Harbour precinct. She was property development general manager for Foodstuffs North Island Ltd for 7 years after joining the company as a development executive, following 10 years as a lawyer. Ms Bull is also an independent director & deputy chair of the NZ Institute of Economic Research and is a director of Metro Performance Glass Ltd.

Miriam Dean QC, appointed to the Real Estate Institute board last November, will remain on the board as the third independent director. The institute will name the new chair in November.

Harcourts International adds 3 members to board

Susan Rix.

Global real estate franchise network Harcourts International Ltd has appointed 3 new board members – Susan Rix AM, Tim Keenan & Graham Mirabito, joining Gilbert Enoka, managing director Mike Green, Irene Green & Paul Wright.

Susan Rix is a tax & advisory partner with BDO Australia Ltd in Brisbane and has 35 years’ experience as a chartered accountant & corporate advisor.

She specialises in corporate governance, family councils, succession planning, tax structures & restructuring, and has been on boards in the private, not-for-profit & government sectors across agriculture, rail, ports, infrastructure, disability services & education.

Tim Keenan.

Ms Rix was made a member of the general division of the Order of Australia in 2014 and is a fellow of Chartered Accountants Australia & NZ and of the

Australian Institute of Chartered Accountants.

Tim Keenan is director of Qalibre Ltd, a financial & commercial advisory firm based in Christchurch. He’s practised as a chartered accountant for 25 years and is a member of Chartered Accountants Australia & NZ.

Graham Mirabito.

Graham Mirabito has over 35 years’ experience in the information technology sector, including 10 years in engineering, 5 years sales & marketing and 20 years in operations, mergers, acquisitions & general management.

He was chief executive of RP Data Pty Ltd & CoreLogic Inc in Australia & New Zealand for 11 years, resigning in early 2017, and now manages a personal portfolio of financial & real estate technology investments in the US, Australia, the Middle East & India. Mr Mirabito has an associate diploma in electrical engineering from Queensland University of Technology.

Harcourts has over 900 offices in 10 countries and sold over $35 billion of property in the last year.

19 September 2018:

Cllr Paul Young.

Young joins council

Independent candidate Paul Young took his seat at his first Auckland Council committee meeting yesterday after securing a clear majority when voting closed last Thursday in the by-election to replace Cllr Dick Quax, who died in May.

The official election results will be declared today and Mr Young will be sworn in at the next governing body meeting, on Thursday 27 September.

His company, Paul Young International Ltd, has organised concerts & other entertainment events for 25 years – the next major visit is by pianist Richard Clayderman, who will play in Auckland on 27 October.

Equilibrium modellist joins Fed board

Dr Richard Clarida took the oath of office on Monday as a governor of the US Federal Reserve and as its vice-chair. In April, President Trump announced his intention to nominate Dr Clarida to an unexpired term as a board member, ending on 31 January 2022, and to a 4-year term as vice-chair. The Senate confirmed both appointments on 28 August.

Dr Richard Clarida.

Dr Clarida is a professor of economics & international affairs at Columbia University’s School of International & Public Affairs, and was global strategic advisor for investment manager Pimco (Pacific Investment Management Co LLC) over the last 12 years.

He’s a former US Treasury assistant secretary for economic policy, member of the US Council on Foreign Relations and the US National Bureau of Economic Research.

He’s published numerous articles on monetary policy, exchange rates, interest rates & international capital flows, including the implications for monetary policy of the post-2008 period of low inflation & low interest rates, and introduced the concept of a “new neutral” for Fed monetary policy in 2014, reducing the rate for theoretical stability from 4% to 2%.

Importantly for Fed policy, he’s contributed to DSGE (dynamic stochastic general equilibrium) models.

For an alternative view on that role, check this column by Jim Rickards on Monday:
17 September 2018, Before It’s News: Don’t be fooled by good economic numbers

12 September 2018:

Dunphy to leave Precinct

Davida Dunphy.

Precinct Properties NZ Ltd’s general counsel & company secretary, Davida Dunphy, has resigned and will leave the company at the end of her notice period.

Ms Dunphy joined Precinct in 2014, and will join law firm DLA Piper NZ as special counsel pending completion of the Law Society requirements to practise on her own account. Following that, she will be appointed a partner in DLA Piper’s Auckland real estate practice group.

Precinct chief executive Scott Pritchard said today: “The company & board are disappointed to see Davida go. We thank her for her contribution to Precinct and wish her well with her future endeavours.”

Ms Dunphy said: “I have greatly enjoyed my time at Precinct, in what has been a transformational period for the business, but the time is right to return to private practice and I am excited to be joining DLA Piper.”

She joined Precinct after a short spell as an instructor at the Institute of Professional Legal Studies in Auckland.

Simon Andrews.

Ms Dunphy graduated from Sheffield University in the UK with an LlB (Hons) and gained a post-graduate diploma from De Montfort University in Leicester, before working for international law firm Squire Sanders (ex-Hammonds) for 4 years and Bell Gully in Auckland for 7 years.

Savills appoints 4 new agents

Real estate agency Savills (NZ) Ltd has made 4 new appointments to its Auckland office, in line with its business growth & development strategy.

Scott Worrall.

Simon Andrews & Scott Worrall have joined the South Auckland industrial sales & leasing team led by Paddy Callesen.

Jesh Jaskiewicz & Michelle Kennard have joined the agency team as commercial & industrial brokers, Mr Jaskiewicz focusing on East Tamaki and Ms Kennard on the Southern Corridor [focus corrected].

Mr Andrews was previously with JLL in Melbourne & Auckland. Before that he spent over four years with Bayleys South Auckland, where he was one of the office’s top 10 sales agents.

Jesh Jaskiewicz.

Scott Worrall specialises in the Penrose, Onehunga, Otahuhu & Mount Wellington industrial areas and holds a property degree from Lincoln University. He has joined Savills from Knight Frank.

Jesh Jaskiewicz was a commercial broker at Barfoot & Thompson Commercial.

Michelle Kennard joins Savills from Bayleys and before that Knight Frank, where she was a commercial & industrial broker covering sales & leasing in the office & warehouse sectors.

Tom McAlister, managing director of Savills’ Auckland office, said the appointments reflected the growth of the global real estate company’s Auckland business over the course of 2018.

“Throughout 2018 we have been actively recruiting agents & support staff as we look to grow the business, broaden our coverage of the Auckland commercial real estate market and add new service lines.

Michelle Kennard.

“We’re thrilled to welcome our new brokers to the team, who all bring with them significant experience & connections in their respective areas of specialty.”

Metro Commercial expands city fringe coverage with new appointment

Metro Commercial Ltd has appointed Michaela Mitha to expand its agency coverage into Auckland’s city fringe commercial sales & leasing markets.

Michaela Mitha.

Ms Mitha has 7 years’ property experience in Australia & New Zealand, working on the Gold Coast for several years before returning to Auckland in 2014, initially in property management at Quinovic, and the last 3 years as a commercial broker at Wilson Hurst.

Metro Commercial director Nathan Male said: “Michaela is a recognised experienced agent with extensive knowledge of the city fringe markets, which provides Metro with a logical extension to our existing core cbd coverage. As Metro moves to expand into new sectors, Michaela will add valuable skills, clients & knowledge to our team.”

7 September 2018:

Young-Cooper returns to Panuku as chair

Auckland Council appointed Adrienne Young-Cooper yesterday to chair its urban redevelopment agency, Panuku Development Auckland Ltd, on a 3-year term starting on 1 November. She was a director of the company for its first 4 years after formation of the super-city council in 2010, when it was called Auckland Waterfront Development Agency Ltd, retiring at the end of 2014.

Adrienne Young-Cooper.

The council’s appointments, performance review & value for money committee approved the appointment, welcomed by mayor Phil Goff: “Adrienne is a highly qualified company director who brings 30 years of public sector experience & an in-depth knowledge about Auckland’s housing & growth challenges.

“During her long & distinguished career she has held significant governance & leadership roles in large organisations tasked with delivering major infrastructure projects. Adrienne’s background in urban regeneration, property development & planning will be invaluable to the board and will complement Panuku’s focus on rejuvenating & transforming our city centres while providing sound commercial returns for Aucklanders.”

Ms Young-Cooper chairs Housing New Zealand Corp and is a director of subsidiary company HLC (2017) Ltd (previously Hobsonville Land Co Ltd). She’s also a director of the NZ Transport Agency, Queenstown Airport Corp Ltd, Sealink Travel Group NZ Ltd, Sealink Pine Harbour Ltd, Freightlink Ltd, HR Cement Ltd & Bridgeman Concrete Ltd.

She & David Hill founded Auckland resource management specialist Hill Young-Cooper Ltd in 1995, and she remained a director until 2010.

Ms Young-Cooper has also been deputy chair of the Auckland Regional Transport Authority and a board member of Maritime NZ. She’s a chartered fellow of the Institute of Directors.

2 September 2018:

Bayleys appoints 2 commercial managers in Bay of Plenty & Waikato

Mark Walton.

Bayleys Real Estate has appointed 2 senior managers to strengthen its presence in the Bay of Plenty & Waikato commercial & industrial property markets.

Mark Walton has been appointed commercial sales manager for the Bay of Plenty after 18 years in banking – starting at the National Bank in Tauranga, followed by 4 years as an analyst in London and another 12 years at the ANZ Bank in Tauranga, focusing primarily on commercial banking, most recently as a senior commercial manager.

Simon Anderson, chief executive of Bayleys’ Bay of Plenty & Waikato operations, said: “Mark has extensive experience in working with clients & advisors in structuring deals to get the best outcome. These skills will be put to good use working with our growing team of commercial sales & leasing agents in the Bay of Plenty to assist clients maximise the value of their real estate assets.”

David Cashmore has been appointed commercial manager for Bayleys Waikato. He’s sold over $200 million of property in his 11 years in the industry and was previously one of Bayleys’ top performing Hamilton residential agents.

David Cashmore.

Mr Anderson said Bayleys had bulked up its commercial leadership and sales teams to capitalise on increasing opportunities being opened up by improved infrastructure & business connections in the “golden triangle” between Auckland, Hamilton & Tauranga.

Almost 50% of New Zealand’s gdp is now generated within the Golden Triangle, which includes the country’s 2 largest ports at Tauranga & Auckland. They will link with the multi-billion dollar, 480ha inland port being developed at Ruakura, on the outskirts of Hamilton.

“This high level of economic activity is creating opportunities not only for commercial & industrial property owners in the 3 big cities, but in towns within the triangle as well. They are benefiting from big businesses taking advantage of the much lower occupancy cost of business premises in these regional areas. Improving transport infrastructure such as the ongoing development of the 102km-long Waikato Expressway is also providing better connections with these companies’ customer bases.

“Our Tauranga, Rotorua & Hamilton offices are working closing with Bayleys’ Auckland-based commercial teams to introduce their Auckland clients to opportunities within the Bay of Plenty & Waikato.”

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On the move, August 2018

Pagano moves from education strategy to Stride as fund manager
Norris completes Fletcher board refresh as he exits
Clark moves from NAI Harcourts to head office role
White Associates makes 2 promotions
Metroglass names Mander as new chief executive
Oyster appoints development manager
Cheryl Macaulay dies
McLauchlan replaces Hunter on Argosy board
Jeremy Brown joins RDT Pacific board
Berry Simons promotes Andrews & Storer

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

30 August 2018:

Stride Investment Management Ltd has appointed Fabio Pagano to the newly created position of Investore fund manager, part of the Stride executive team, starting in December.

For the last 2 years he’s worked for the NZ Ministry of Education as national growth strategy director & education infrastructure capital works director.

Mr Pagano has 15 years’ experience in retail management, including 5 years with Coles Group in Australia, where he led the property teams in Victoria, South Australia, Tasmania & the Northern Territory. Before that he was the retail group’s development manager.

He was group general manager of Australian retail & commercial fitout company Swell Group for 3 years, and retail & national development manager for Telstra for 4½ years.

The role of Investore Fund Manager has been created by SIML to ensure SIML continues to provide market leading real estate investment management services to Investore Property Limited (Investore), a property fund listed on the NZX with over $730 million of assets as at the latest balance date of 31 March 2018. Investore focusses on investing in large format retail properties, including properties operated by Countdown, Bunnings, Pak‘nSave, Mitre 10 and The Warehouse.

Stride Investment Management chief executive Philip Littlewood said the company expected Mr Pagano’s appointment to bring additional skills & focus to its real estate investment management business.

Norris completes Fletcher board refresh as he exits

Martin Brydon.

Sir Ralph Norris, who hands over the chair at Fletcher Building Ltd on Saturday, announced his final board appointment yesterday – South Australian building products company Adelaide Brighton Ltd’s chief executive & managing director, Martin Brydon, who said in May he’d retire from those roles at the end of this year.

His board appointment starts on Saturday, 1 September, as does Bruce Hassall’s role as chair.

Mr Brydon (63), like the rest of the board, is not a Fletcher executive. He’s the fifth new director appointed since the board refresh began in June. The 4 appointed then were Barbara Chapman, Robert McDonald, Doug McKay & Cathy Quinn. Mr Hassall, appointed to the board on 1 March 2017, was also named as Mr Norris’s successor in June.

Cecilia Tarrant (appointed in 2011) retires on Saturday and Alan Jackson (appointed in 2009) retires at the annual meeting. The 2 longer-standing directors who will still be on the board are Tony Carter (appointed in 2010) & Steve Varmos, of Sydney (appointed in 2015).

Mr Brydon, born in England, raised in Perth, started his career as an indentured electrical engineering cadet with BHP, then moved to sales & marketing, operational & general management, and strategy & business development. In his strategy role, he was closely involved in downstream acquisitions of Adelaide Brighton’s concrete & aggregate and concrete products businesses. He progressed to general management roles with Cockburn Cement Ltd, rising to chief executive there in 1998-99, and joined Adelaide Brighton when it acquired Cockburn in 1999. Adelaide Brighton appointed him as chief executive in May 2014 and as managing director in November 2015.
Commenting on Mr Brydon’s appointment to the Fletcher Building board, Sir Ralph Norris said: “Our new strategy focuses Fletcher Building on the New Zealand & Australian markets, and we believe the addition of a director with such extensive experience in Australia will be a valuable addition to our board.”
Earlier story, 22 June 2018: Hassall to chair Fletcher Building, 4 new directors named

29 August 2018:

Clark moves from NAI Harcourts to head office role

Jodine Clark.

Harcourts Group Ltd has appointed Jodine Clark as group head of property management, after 2 years as

general manager of commercial property management at NAI Harcourts in Takapuna.

Her first job in property management was in Cairns from 1991-94, followed by 3 years in several management roles for Carmichael & Weber in Melbourne. In New Zealand, she joined Barfoot & Thompson in 1998, spent 3 years at Ray White, 5 years at Interactive Property Management, almost 6 years as business development manager for property software company Rockend Technology NZ Ltd, and 4 years as Auckland Property Management Ltd’s business manager before joining NAI Harcourts in 2016.

She sees the Harcourts head office job as a dream role, commenting: “Real estate is in my blood, as both my parents were real estate agents. This is a new challenge to me and to be able to promote property management as a whole is exciting. The ability to educate New Zealand landlords on how important a professional property manager is to their investment plan is something I look forward to fulfilling.”

White Associates makes 2 promotions

Justin Maritz.

Cost consulting & quantity surveying company White Associates Ltd has made 2 internal promotions. Justin Maritz has stepped up from principal to associate director, and specialist quantity surveyor Brett Zeiler has stepped into the principal role.

Director Graham White said the appointments were testament to the calibre of skills & leadership within the company: “Being able to appoint from within speaks volumes for the first-class team we’ve built at White Associates over the last 13 years. Controlling cost has never been more important than it is today. Justin & Brett are 2 of the leading cost consultants in the field and what these appointments do is really strengthen the leadership we offer our clients & the wider team at White Associates.”

Mr Maritz has worked in construction & quantity surveying in South Africa, the UK & New Zealand over the last 20 years. He has been with White Associates since 2013 and has proven pre-contract & post-contract expertise, having worked on a plethora of high profile projects across various sectors, including correctional facilities, education, industrial, retail & residential developments. Mr Maritz’s recent distinguished projects include the Volcano house in Devonport, for which architect Tom Rowe received several awards, along with the $78 million expansion of the Botany town centre pavilions.

Mr Maritz said: “For me this promotion is a confirmation that I’m on the right track and it’s a real honour to have that recognition.  I have been with White Associates for a while now and I’m almost a part of the furniture. So it’s very exciting to steer the organisation forward for the management team and the board,” he says.

Brett Zeiler.

Mr Zeiler joined White Associates in January 2017 and has established a reputation for offering expert advice to clients and mitigating risk. He has over 10 years’ experience in construction, cost consultancy & quantity surveying.

He commented: “White Associates look to promote from within, and it enables a lot of exciting career opportunities with the organisation. I was originally working as a contractor and this was my first role within a quantity surveyor company. My new role opens up new doors for my career in quantity surveying, people management & leadership. It’s awesome to get this sort of recognition from White Associates.”

Mr Zeiler’s recent notable projects include the $100 million upgrade to Tauranga’s Bayfair mall & the Mt Eden Correctional Facility redevelopment.

24 August 2018:

Metroglass names Mander as new chief executive

Metro Performance Glass Ltd has appointed Simon Mander as chief executive, starting in January. He will replace Nigel Rigby, who resigned in December 2017 and left in March.

Metroglass chair Peter Griffiths said yesterday: “Simon is an experienced & inclusive people leader, who brings a strong track record in the New Zealand manufacturing & building material sectors.

“He is passionate about the opportunities ahead for Metroglass and brings a broad range of skills & experience that is relevant to the company’s continued focus as a customer-dedicated organisation, delivering market-differentiated glass products & glazing services to the New Zealand & south‐east Australian markets.”

Mr Mander has been chief executive at Tru-Test Corp Ltd for just under a year, one of 3 short appointments since January 2016, when he left Rapak Asia Pacific after 11 years as managing director. He was general manager of transformation at Fletcher Building Ltd’s building products division for the next 8 months, then headed Fletcher subsidiary Firth Industries Ltd’s masonry, dricon & CSP Pacific businesses for a year.

After 6 years as an aircraft engineer for Air NZ Ltd, Mr Mander graduated with an engineering degree from Auckland University and held a number of roles at McKinsey & Co, Lion Nathan, Partners in Performance, Carter Holt Harvey Ltd & Wellington Drive Technologies Ltd.

He also represented New Zealand in yachting on a number of occasions, including in the International 470 class at the 1988 Olympic Games.

16 August 2018:

Oyster appoints development manager

Mark Hitchcock.

Oyster Property Group Ltd has appointed Mark Hitchcock as development manager as it continues to expand its property team.

Mr Hitchcock has 13 years’ national & international experience in property & business development, project delivery, commercial property management & leasing.

Most recently, he was principal property specialist for Auckland Transport, where he established a portfolio-wide retail strategy & implementation programme, which included redeveloping Devonport Wharf and delivering the new Manukau Bus Station retail.

Before Auckland Transport, Mr Hitchcock was principal commercial development manager for Transport for London, where he led strategic commercial property development programmes predominantly across the London Underground portfolio, as well as embedding commercial property outcomes into Crossrail Station designs.

Before going to London, he graduated from Auckland University with a BProp degree and was a sales & leasing agent at Colliers in Auckland for 2½ years.

His key focus at Oyster will involve identifying & executing value-add & redevelopment opportunities across the Oyster portfolio.

10 August 2018:

Cheryl Macaulay dies

Cheryl Macaulay.

Highly successful property syndicator Cheryl Macaulay died last Saturday after failing to fight off cancer. Her funeral will be held in Northcote this afternoon (1pm).

Mrs Macaulay launched her first property syndication business, Cheryl Macaulay Properties Ltd (later Commercial Investment Properties Ltd), from Timaru in 2003 but moved to Auckland in 2011. She joined forces in 2012 with KCL Property Ltd, which Bryce Barnett had been running since 1993, with offices in New Plymouth & Auckland.

They combined portfolios totalling 160 properties in New Zealand & Brisbane worth $800 million. In 2014, they sold KCL to Augusta Capital Ltd, where Mr Barnett is a director, but in 2015 Ms Macaulay branched out on her own again, incorporating a new syndication company, Silverfin Capital Ltd. She also chaired Auckland Adventure Jet Ltd for the last 8 years.
Earlier stories:
23 March 2014: Augusta confirms KCL takeover, Bayleys secures long-term contract
25 May 2012: Property syndicators Barnett & Macaulay join forces

McLauchlan replaces Hunter on Argosy board

Stuart McLauchlan.

Argosy Property Ltd has appointed Stuart McLauchlan as an independent director with effect from Wednesday 6 August, replacing Chris Hunter, who didn’t stand for re-election at the company’s annual meeting on Monday.

Mr McLauchlan owns Dunedin business advisory & accountancy firm GS McLauchlan & Co Ltd and has a wide spread of company directorships, including AD Instruments Pty Ltd, Dunedin Casinos Ltd, Dunedin International Airport Ltd, Ngai Tahu Tourism Ltd & Scenic Circle Hotels Ltd. He chairs the NZ Sports Hall of Fame, Pharmac Ltd, Scott Technology Ltd & UDC Finance Ltd, and is a member of the Otago-Southland branch of the Institute of Directors.

Chris Hunter.

Mr Hunter, who was on the Argosy board for 5 years, has a majority interest in NZ Strong Construction Ltd & related companies after buying the business from Shane Brealey in 2014. Last year, Mr Hunter added NZ Strong Construction & Development Ltd to the portfolio. He left Hawkins Construction Ltd in 2012 after nearly a decade with the company, finishing as chief executive. That followed a decade at Mainzeal Construction.

Jeremy Brown joins RDT Pacific board

Jeremy Brown.

Project management & quantity surveying firm RDT Pacific Ltd has appointed Jeremy Brown as a director. He has over 35 years of project management experience and joined RDT Pacific as an associate director in 2014.

Mr Brown has experience in all aspects of project & commercial management in New Zealand & the UK and has held a range of senior management positions at Canary Wharf Group, Mace Group, Arup Project Management & Beca.

6 August 2018:

Berry Simons promotes Andrews & Storer

Specialist environmental law firm Berry Simons has promoted senior environmental lawyer Helen Andrews to partner and Kate Storer to senior associate.

Helen Andrews.

Founding partner Sue Simons announced the appointments at an Environmental Defence Society dinner the firm sponsored.

The other founding partner, Simon Berry, said: “Not only has Helen done excellent work on a range of projects, she plays an extremely important role in organising our in-house training and mentoring & supervising our junior staff.”

After graduating from Auckland University with a conjoint degree in law (honours) & arts (majoring in geography), Ms Andrews completed her professional studies at the Institute of Professional Legal Studies in Auckland in 1999. She was a solicitor at Chapman Tripp, solicitor & senior associate at Minter Ellison & senior associate at Chancery Green before joining Berry Simons in 2015, and has been involved in a wide range of large & complex projects, including the Auranga development, the first private plan change to be approved under the Auckland unitary plan. She‘s recently been working closely with the Environmental Defence Society on Resource Management reform, including co-presenting a workshop with the society.

Kate Storer.

Kate Storer has been at Berry Simons for 5 years, following 5 years as a senior researcher & inhouse lawyer at the Environmental Defence Society, where she remains a director, and 3 years as a civil litigation lawyer at Grimshaw & Co.

After completing a law degree (with honours) at Bristol University, she worked in private practice & for an environmental not-for-profit think tank. She also holds a first class master’s degree in public law from Auckland University.

Ms Simons commented: “Kate’s progress as a practitioner has been exponential over the last couple of years. She has exceptional legal & writing skills and has developed the strategic thinking & commercial acumen that has made her a fully rounded environmental law practitioner.”

Ms Storer has been involved in a wide range of work since joining Berry Simons, including a number of major greenfields developments, special housing areas, plan changes, and commercial, residential & mixed-use developments.

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On the move, July 2018

Strange to replace van der Heyden in Auckland Airport chair
Steel & Tube restructures management after Pickworth moves on
Opteon expands NZ government services team
Lindsey to join Augusta as chief operating officer
Fletcher Building announces changes to its executive team

Richter moves to Marsden Maritime next month
3 new board members for Housing NZ
English joins Bolger on salmon company board
Xigo appoints 2 new directors
Metro Glass appoints 2 regional managers
Weenink to leave Auckland Airport

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

30 July 2018: 

Strange to replace van der Heyden in Auckland Airport chair

Dr Patrick Strange.

Auckland International Airport Ltd appointed Dr Patrick Strange last Wednesday to succeed Sir Henry van der Heyden as chair, effective 31 October. Sir Henry will retire at the next annual meeting after 5 years as chair & 9 years on the board.

Dr Strange joined the Auckland Airport board in 2015. He has extensive governance experience, particularly within the infrastructure & electricity sectors, chairs Chorus Ltd and is a director of Mercury NZ Ltd, NZX Ltd & Essential Energy Ltd.

He graduated from Auckland University in 1972 with a bachelor of engineering degree, followed that with a PhD in engineering in 1977, and in 2014 the Institution of Professional Engineers (IPENZ, now Engineering NZ) made him a distinguished fellow.

After graduating, Dr Strange worked in senior management roles in Europe & North America over the next 13 years, returning to New Zealand in 1991 as power generation general manager for Fletcher Challenge Ltd’s energy business.

He joined Mercury Energy NZ Ltd in 1997 with responsibility for strategy & acquisitions, headed the company’s response to the 1998 Auckland power crisis and was appointed chief executive in 1998. For the next 4½ years he built the network unit into a successful standalone business as Vector Ltd, New Zealand’s largest electricity distribution company. He was chief executive of transmission owner & operator Transpower Ltd for 6 years, retiring in 2014, and has been an independent director since then.

Steel & Tube restructures management after Pickworth moves on

Ross Pickworth.

Steel & Tube Holdings Ltd’s infrastructure general manager, Ross Pickworth, has resigned to further develop his governance career. He’ll finish with the company this Tuesday, 31 August. Mr Pickworth has been asked to consider a number of company directorships.

Steel & Tube chief executive Mark Malpass said: “Ross has been a valued leader of the company’s processing & construction-related businesses and was actively involved in the turnaround of the reinforcing business.”

Mr Malpass said that, following Mr Pickworth’s resignation and taking into account the earlier decision to exit S&T Plastics, the company had decided not to fill the role of infrastructure division general manager but, instead, to appoint 2 business general managers who will report directly to the chief executive.

The company has appointed roll forming national manager Steve Kubala as roll forming general manager and is looking to fill the new role of reinforcing & construction general manager.

Mr Pickworth graduated from Canterbury University in 1987 with a BE (honours) in electrical & electronic engineering, and graduated with an MBA (distinction) from Massey University in 1996. He took the Institute of Directors’ company directors course in 2009 and chaired the institute’s board programme in 2015.

He was Waitaki Power Ltd’s commercial manager for 3 years, Dunedin City Council company Delta Utility Services Ltd’s contract services manager for 9 years and Holcim NZ Ltd’s cement general manager for 9 years before joining Steel & Tube at the end of 2016. By then he’d already taken on his first board role, as a director of Oamaru-based Whitestone Contracting Ltd.

18 July 2018: 

Opteon expands NZ government services team

Richard Kolff.

Australian property valuation & advisory services company Opteon Group Holdings Ltd has made 2 appointments to its government services team in New Zealand, Richard Kolff as commercial director and Jonathan Hollows as residential director.

Both have moved from Quotable Value Ltd and complete the government services management team in New Zealand, joining government services director Carlene Creighton & rural director Mark Grinlinton.

Mr Kolff is a registered valuer with 16 years of ratings valuation experience in both New Zealand & Australia. Working out of Opteon in Nelson, he will lead all commercial valuations work for the council contracts the company manages throughout New Zealand and be responsible for training all valuers in commercial valuations.

Mr Hollows is a registered valuer with 20 years of valuation experience in New Zealand & Australia. He will be based in Tauranga and will lead the training for teams’ residentials valuations. He will also head all residential valuations work for Opteon’s council contracts around the country.

Opteon bought Tauranga-based Landmass Technology Ltd in 2015, changing its name to Opteon Technologies Ltd last year, completed its acquisition of Auckland-based Sheldon & Partners Ltd last September after buying into the business in June, and in February it opened in Queenstown.

Opteon’s head of government services for Australia & New Zealand, Phil Western, said the company was committed to providing high quality valuation services to the public sector in New Zealand and had ambitious growth plans: “This year, we have significantly expanded our team to ensure we can continue delivering specialised, quality property services and fully leverage our public sector property expertise to provide better solutions to our government clients. We’re also making sure we are appropriately structured for future growth opportunities.”

Lindsey to join Augusta as chief operating officer

Augusta Capital Ltd has appointed Joel Lindsey as chief operating officer, starting next week and replacing Guy French-Wright, who is returning to Australia to lead Augusta’s partnership & investment opportunities there. Mr French-Wright will also continue to be a director of the Augusta Industrial Fund.

Augusta managing director Mark Francis welcomed the depth of experience in real estate investment management in both New Zealand & the UK that Mr Lindsey brought after working in London for 11 years.

He worked at Aviva Investors Global Services Ltd in London, rising from analyst to fund manager and ultimately to real estate senior director. In that position, he was responsible for management of the £4 billion Aviva Life & Pensions real estate investment portfolio, which was the UK’s largest unlisted property investment fund at the time.

On his return to New Zealand in 2014, Mr Lindsey joined Auckland Council urban regeneration agency Panuku Development Auckland, first as portfolio strategy manager, then capital partnering director, and most recently as the head of business development & project director. He started his career at Trust Investments Management Ltd in Auckland in the late 1990s.

Fletcher Building announces changes to its executive team

Michele Kernahan.

Fletcher Building Ltd announced 2 changes to its executive team on Monday, both effective in November. Construction division chief executive Michele Kernahan will move into the role of building products chief executive and KiwiRail chief executive Peter Reidy will take her place in construction.

Peter Reidy.

David Thomas, who’s been interim building products chief executive, will return to his role as general manager of Winstone Wallboards once the other appointments are effective.

Mr Reidy has been KiwiRail’s chief executive since February 2014 after 8 years with the Downer Group in a variety of senior roles in New Zealand, Singapore & Australia, including chief strategy & growth officer and infrastructure services chief operating officer over the last 5 years.

Fletcher Building chief executive Ross Taylor said: “Our new strategy clearly defines our ambition to grow our core operations in building products, and Michele is ideally placed to lead this, bringing with her significant experience in the sector through her prior general manager roles with Golden Bay Cement & Laminex Australia.

“We are also pleased to have David resuming his leadership of Winstone Wallboards and, in particular, focusing on delivering Fletcher Building’s major capital investment project into a new Auckland-based plasterboard manufacturing facility.

“At the same time we remain focused on stabilising our construction division and, in particular, increasing our focus on lower risk, more profitable sectors such as infrastructure & roading. Peter has a strong track record of leading infrastructure businesses, including in his current role at KiwiRail and previously as infrastructure services chief operating officer with Downer Group in Australia.”

Richter moves to Marsden Maritime next month

Felix Richter.

Marsden Maritime Holdings Ltd has appointed Felix Richter as chief executive, replacing Graham Wallace, who resigned in March after 6 years in the job. Mr Wallace was also finance manager at Northland Port Corp (NZ) Ltd for 10 years.

Mr Richter has spent 17 years in management, leadership & civil engineering roles in New Zealand & internationally, starting as a project engineer for Hochtief AG. He joined MWH (NZ) Ltd in Whangarei as a project manager in 2006, moving to Opus International Consultants Ltd in 2008. He worked for Opus in Queensland for 3 years before returning to Whangarei in 2014 as Opus’s civil & structural manager.

Mr Richter led a number of civil projects in Northland for industry & local government, while also contributing to business development & management. He’ll start at Marsden Maritime in August.

He’s a chartered professional engineer, holding a bachelor of engineering with honours in civil engineering from the Dresden University of Technology, and is also a certified project management professional.

Marsden Maritime chair Sir John Goulter said: “We’re delighted to welcome Felix to the company, bringing as he does a wealth of experience across the fields of engineering, commercial construction & project management, and environmental compliance. At this stage in Marsden Maritime’s growth, where we are experiencing a very strong level of inquiry about business development at Marsden Point, these attributes are an excellent match, both now & for the future.”

16 July 2018: 

3 new board members for Housing NZ

Minister of Housing & Urban Development Phil Twyford has appointed 3 new members of the board of Housing NZ, including the first state house tenant to be on its board since the corporation was created in 2001.

Mr Twyford said: “I want Housing NZ to be a world-class public housing landlord that better meets the needs of families who live in state houses. I believe that the appointments of Leigh Auton, Dr Huhana Hickey & Professor Philippa Howden-Chapman will help provide the direction that we need to make this happen.”

Dr Huhana Hickey.

Huhana Hickey has recently completed a post-doctoral research fellowship at the Auckland University of Technology (AUT). She’s a panel member of the Human Rights Review Tribunal and received her PhD in laws & social sciences in 2008.

Dr Hickey is a community & disability activist and is or has been on the boards of a wide number of non-government organisations & community groups.  She’s a tenant of Housing NZ and will be the first member to bring that perspective to the board since Housing NZ was created in its present form. “That will be valuable to Housing NZ as it changes to be a tenant-focused organisation,” Mr Twyford said.

Leigh Auton.

Leigh Auton was the chief executive of Manukau City Council until the formation of the new Auckland Council in 2010. He’s a trustee of Sistema Aotearoa, the Auckland Philharmonic Orchestra, Habitat for Humanity, Greater Auckland & Teach First NZ, and chairs the Pulman Park Trust & the Papakura Kootuitui Trust.

Mr Twyford said: “Mr Auton has extensive governance experience & an understanding & empathy with Housing NZ’s tenant base & the many & varied issues they face. He has a thorough understanding of how large organisations work and the systems & processes required to deliver operationally.”

Professor Philippa Howden-Chapman.

Professor Philippa Howden-Chapman is a professor at the Otago University Medical School who specialises in public health, with a particular focus on housing, energy, climate change & sustainable cities. She’s a winner of the Prime Minister’s Science Prize.

Professor Howden-Chapman was a member of the Independent Housing Stocktake Group and is a member of the Ministerial Advisory Group on Housing & Urban Development.

Mr Twyford said her experience in conducting research with & on Housing NZ over nearly 2 decades would enable her to make a significant contribution to the board.

These appointments follow the recent appointment of Vui Mark Gosche as deputy chair of the board.

10 July 2018: 

English joins Bolger on salmon company board

Mt Cook Alpine Salmon Ltd will have 2 former prime ministers on its board come August, Jim Bolger as chair and Sir Bill English as a new director.

Mr Bolger, prime minister 1990-97, said of Mr English, prime minister for the 11 months leading up to the election last October: “His recent retirement from politics gives him the opportunity to apply his talents & unquestionable belief in New Zealand, helping a fast-growing company like ours realise its potential for the benefit of shareholders & NZ Inc.”

And Sir Bill commented: “I am looking forward to joining a southern company producing a world-class product that is doing extremely well in high value export markets, and I hope to contribute to its ongoing success.”

Xigo appoints 2 new directors

Andrew McDonald.

Xigo Ltd – project manager for projects in the health, education, local government, infrastructure & commercial property sectors – has appointed 2 new directors, Andrew McDonald in Auckland & John Pengelly in Wellington, which the company said signalled exciting times in its growth & succession planning.

Mr McDonald joined Xigo in 2013 as a senior project manager and became an associate in 2014. Over the previous 6 years she was a senior project manager for EC Harris in Dubai and JLL in Auckland, and for the 7 years before that was an IT project manager for Certus Solutions Ltd & project manager for Opus International Consultants Ltd.

John Pengelly.

Mr Pengelly’s Xigo career started a month after Mr MacDonald’s, in February 2013, initially as Christchurch & Wellington manager focusing on Christchurch post the earthquakes. A construction professional with over 25 years’ experience in New Zealand & the UK, he has hands-on experience in the delivery of largescale design-build projects and is strong in the project definition & strategic phases linking clients’ business metrics to project outcomes.  His notable projects include Xero’s head office, the redevelopment of the entry & ground floor of the Beehive, and currently the NZ Defence Force headquarters and the redevelopment of Wakefield Hospital campus.

2 July 2018:

Metro Glass appoints 2 regional managers

Metro Performance Glass Ltd has appointed Andrew Dallison as South Island general manager and Angus Wilson as general manager for New South Wales. Mr Dallison will also join the company’s senior leadership team.

Andrew Dallison.

Chief financial officer John Fraser-Mackenzie said: “We are pleased to have 2 senior leaders each with more than 20 years’ experience in the manufacturing sector joining the group. These appointments are in line with our strategy of developing our organisational capabilities in order to improve execution.”

Andrew Dallison has held senior sales, technical, operational & general management roles in the packaging & chemical industries. His most recent role was leading the packaging division of The Industrial Group based in Saudi Arabia. He has an MBA from Deakin University and a BSc from Canterbury University.

Angus Wilson has worked at Visy Board in Australia for 20 years, covering quality assurance, technical, operational, sales & general management roles. Most recently he was the national general manager of the corrugated carton products division. He has a bachelor of applied science degree from Western Sydney University.

Weenink to leave Auckland Airport

Scott Weenink.

Auckland International Airport Ltd’s general counsel & company secretary, Scott Weenink, has resigned and will leave the company at the end of his notice period.

Mr Weenink was also a director of North Queensland Airports Ltd & Tainui Auckland Airport Hotel GP, which owns the Novotel Auckland Airport and will shortly start construction of the Pullman Hotel at Auckland Airport.

Mr Weenink joined Auckland Airport in February 2016 and is joining global enterprise messaging provider Modica Group Ltd as an executive director & chief commercial officer. He’s been a non-executive director of the group since mid-2016.

He said of his decision to move: “I have enjoyed my time at Auckland Airport, but the time is right to join Modica Group full-time and also to spend time on other investments & directorships.”

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On the move, June 2018

New managing director, plus 2 Knight Frank recruits, for Savills
John Bullen dies
Rider Levett Bucknall appoints new Oceania chair
Gosche named Housing NZ deputy chair
Whineray confirmed in top role at Super Fund 
Westfield executive to head Kiwi Property
2 new associates at Rider Levett Bucknall
Church returns to JLL
Brunton made partner at DLA Piper
Townsend retires from Property Council at year end

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

Thomas McAlister.

27 June 2018:

New managing director, plus 2 Knight Frank recruits, for Savills

Commercial real estate agency Savills (NZ) Ltd has made several key appointments to its Auckland office in line with its business growth & development strategy. It’s appointed Thomas McAlister as managing director, charged with spearheading business growth, recruitment & the addition of new service lines.

David Arlidge.

Mr McAlister has relocated to Auckland from Savills in Hong Kong, where he was a divisional head & board member. There, he focused primarily on residential development & cross-border investment, establishing Savills as a leading performer in those areas and overseeing sales in excess of $US1 billion.

Damon Wyllie.

Meanwhile, David Arlidge and Damon Wyllie have left Knight Frank – after the decision of owners Layne Harwood & Linda Coleman to sell the agency to Bayleys – to join Savills’ Auckland industrial sales & leasing team, headed by Paddy Callesen.

Mr Arlidge moved from CB Richard Ellis at the start of 2016 to join Knight Frank as industrial director. He & Mr Wyllie have long experience in the South Auckland industrial market. That team is set to grow further, with more new hires in progress.

23 June 2018:

John Bullen dies

John Bullen.

John Bullen, general manager of the Bledisloe Estate Trust for 23 years until 2014, died in Wellington of leukemia on Tuesday, aged 62.

His previous jobs included being construction manager for Bexley Developments Ltd for 8 years in the 1980s. He was president of the NZ Institute of Building and, in 2005, was presented with his own award as convenor of judges for the institute’s young achiever award, receiving the NZIOB Medal. He was already a fellow of the institute, and by then had been a national councillor for 8 years, northern chapter president & awards organiser. He won northern chapter honours in 1995 & 2001. “I got involved in the NZIOB many years ago to upskill a little bit,” he told me.

Apart from being a person I wrote about and discussed construction issues with, John Bullen became “Coach” for me the year he had the misfortune of captaining a team with me as a maximum handicap at Creative Spaces’ annual Ambrose golf day. A couple of quiet instructions from John got me believing I could actually perform positively at a sport I otherwise didn’t play, and he was always a person I looked forward to seeing.

He’s been privately cremated. A memorial service will be held in Auckland at a date & venue to be advised.

21 June 2018:

Rider Levett Bucknall appoints new Oceania chair

Ewen McDonald.

International cost consultancy Rider Levett Bucknall has appointed Victoria director & executive committee member Ewen McDonald to chair its Oceania board, and to sit on the global board.

Mr McDonald will be RLB’s fourth Oceania chair since the global practice was formed in June 2007. In Australia & New Zealand, the practice was previously known as Rider Hunt. Its partners in the global practice are Levett & Bailey (Asia) and Bucknall Austin (Europe). Combined, they have expanded their work into the Americas & the Middle East.

Mr McDonald joined RLB in Melbourne in 1981 as a cadet quantity surveyor and has gone on to provide quantity surveying services for many high ­profile projects in retail, mixed use & high density residential developments. He became an associate in 1994 and was appointed director in 1998. He was appointed to the Oceania executive committee in 2014 and has chaired its ICT committee for over 10 years.

20 June 2018:

Gosche named Housing NZ deputy chair

Mark Gosche (Photo: Samoan Bios).

Housing & Urban Development Minister Phil Twyford announced yesterday that Mark Gosche had been appointed deputy chair of the Housing NZ board.

Mr Twyford said Mr Gosche had the right skills, as a former Cabinet minister with years of leadership experience.

“Since retiring in 2008 after 12 years at Parliament – where he held several Cabinet posts, including minister of housing – Mark Gosche has served on numerous not-for-profit, community & trust boards.

“He has also been the chief executive of Pacifica health & social services provider Vaka Tautua since 2014, and was recently appointed chair of Counties Manukau District Health Board.

“Mark Gosche will bring an in-depth understanding of the needs of Housing NZ’s tenants and invaluable knowledge to help it achieve the Government’s aim of building 6400 new public houses [as in publicly owned] in the next 4 years, of which at least 4000 will be new state houses.

“Mark Gosche has been appointed as deputy chair for a first term of 3 years. Previous deputy chair John Duncan will continue to serve as a member of the board.”

Adrienne Young-Cooper has been reappointed as board chair until 31 May 2019. John Duncan was reappointed as a board member until 30 June 2021 and Michael Schur was reappointed as a board member until 30 June 2020.

19 June 2018:

Whineray confirmed in top role at Super Fund 

Matt Whineray.

Matt Whineray will become chief executive of the NZ Super Fund on 1 July after holding the job in an acting capacity since March, when Adrian Orr left the fund to become governor of the Reserve Bank.

The board of the Guardians of NZ Superannuation, the Crown entity that invests the $38 billion Super Fund, announced Mr Whineray’s appointment today.

Despite glowing praise from Guardians chair Catherine Savage for Mr Whineray’s performance in his 10 years at the fund, he had to wait for a global search firm to be appointed and then for its search to be completed.

Ms Savage commented: “Mr Whineray was the standout candidate amongst a high quality field of international applicants. He has been instrumental in the Guardians’ successes over the last decade and is recognised globally as a leader in institutional investment. The board has the utmost confidence in his leadership ability, intelligence & integrity.”

Mr Whineray joined the fund in 2008 as private markets general manager. Since 2014 he’s been chief investment officer, responsible for the fund’s investment activity in listed & unlisted markets, both directly & through investment managers.

He began his career as a lawyer at Russell McVeagh in Auckland, was a managing director at First NZ Capital Ltd in New Zealand, a vice-president at Credit Suisse First Boston in New York, and head of financial sponsor coverage for non-Japan Asia at Credit Suisse (Hong Kong).

13 June 2018:

Westfield executive to head Kiwi Property

Clive Mackenzie.

Kiwi Property Group Ltd has appointed longtime Westfield executive Clive Mackenzie to replace Chris Gudgeon as chief executive, effective 16 July. Mr Gudgeon announced his intention to leave last July.

Mr Mackenzie was Westfield’s leasing general manager in New Zealand, and later development manager, from 2002 until he moved to the US in 2011 as the group’s senior vice-president for development on the east coast, based in Washington DC.

Kiwi chair Mark Ford said the board looked forward to working with Mr Mackenzie “on the creation & implementation of transformational strategies to evolve & strengthen Kiwi Property Group and to lead the group into a new phase of growth & opportunity”.

Mr Gudgeon has led the business since 2008. Mr Ford said: “Under Chris’ leadership we have both significantly improved the quality of our investment portfolio and positioned it for future performance.” His last day as chief executive will be Friday 13 July.

2 new associates at Rider Levett Bucknall

May Killinge.

Construction services consultancy Rider Levett Bucknall has appointed 2 new associates to its senior management team in Auckland, May Killinge & Ed Cook.

May Killinge joined the company in 2000. She has over 35 years’ experience as a quantity surveyor in New Zealand & overseas, in a wide variety of construction & engineering sectors including health, commercial, education, institutional, residential, retail, hospitality, convention & exhibition.

She has delivered best practice solutions for a range of key projects, including the NZ International Convention Centre, Hobson St Hotel & projects at SkyCity in Auckland.

Ed Cook.

Ed Cook has been a consultant quantity surveyor for 10 years, including 2 years delivering major infrastructure projects in Russia, and joined Rider Levett Bucknall in 2017.

His particular strength has been in the preconstruction phase in a range of sectors.

His clients have included Watercare, the NZ Transport Agency, many district health boards, Auckland Council & Panuku Development Auckland, Waikato University and many projects for Auckland International Airport.

Church returns to JLL

John Church.

Real estate consultancy JLL NZ has appointed John Church as national head of market strategy following key leadership changes in the business, notably the return of Todd Lauchlan to Auckland in March from Indonesia, where he was JLL’s country head since 2010, to take over from Nick Hargreaves as the agency’s New Zealand managing director.

JLL said it was “embarking on a significant business growth & development phase, and John’s role as head of market strategy provides key strategic & leadership input across the business at this exciting time”.

Mr Church moved briefly to Chow Group Ltd in February as its chief operating officer before taking up the JLL role last month. He was Bayleys’ commercial real estate national director for the last 6 years, after 6 years as national leasing manager for JLL. Before that, he was managing director of Christchurch commercial property services business Thompson Wentworth Ltd, executive director of Telco Asset Management Ltd in New Zealand and general manager of Telco Asset Management (Australia) Pty Ltd.

He has a BCom in valuation & property management from Lincoln University, is a fellow of the Property Institute, a member of the Institute of Directors and an associate of the Real Estate Institute.

5 June 2018:

Brunton made partner at DLA Piper

Heath Brunton.

Law firm DLA Piper has appointed Heath Brunton as a partner in its Auckland real estate team.

Mr Brunton has top-level local & international experience in large integrated housing development, property investment & transacting. He says intensification will mean a shift towards more mixed-use schemes including apartments, retail, offices & hotels – a departure from a decade ago which will bring a new era of opportunities & challenges for developers, investors & occupiers.

He has advised locally & overseas on how best to undertake urban regeneration and affordable & social housing, including the most suitable legal structures. “PPPs (public-private partnerships) have typically been trialled for these developments initially, but joint ventures tend to be favoured. They’re simpler, allocate risk & reward more fairly and are more flexible for the inevitable cyclical nature of the property market.”

Mr Brunton has also advised on design-build leasing arrangements for large commercial, retail & industrial buildings.

1 June 2018:

Connal Townsend.

Townsend retires from Property Council at year end

Property Council chief executive Connal Townsend announced his retirement yesterday, effective 31 December. He’ll return as a part-time consultant through the handover to a new chief executive.

He’s been the council’s chief executive for 15 years, growing it from a team of 4 in Auckland to a team of 23 around the country.

His focus was on advocacy, which included promoting the establishment of the Green Building Council in 2006, advising on the creation of Auckland’s super-city council which replaced 7 territorial councils & the Auckland Regional Council in 2010, advocating on the Government’s policy on earthquake-prone buildings in 2012 and on Auckland Council’s unitary plan in 2014.

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Hassall to chair Fletcher Building, 4 new directors named

Fletcher Building Ltd will have a new chair & 4 new directors on 1 September. 2 directors will retire.

Sir Ralph Norris will step down as chair, replaced by Bruce Hassall (pictured at right), who was appointed as an independent director on 1 March 2017.

The 4 new directors, all independent, are Barbara Chapman, Robert McDonald, Doug McKay & Cathy Quinn. The company also intends to appoint an extra Australian director.

2 directors will retire – Alan Jackson by rotation at the annual meeting, after 9 years, and Cecilia Tarrant on 1 September, after 7 years, to allow an additional director to be appointed to the board as it oversees the implementation of the new Fletcher Building strategy.

Sir Ralph said the appointments would strengthen the board’s expertise & diversity.

Expertise is an important factor, because it was the lack of board expertise in the construction sector that was most notable in the collapse of the company’s vertical construction performance. The company is exiting that part of its business – 4 projects left to complete.

Sir Ralph said today: “While our original intention was to seek a director with construction experience, with our appointment [as chief executive] of Ross Taylor, who has considerable expertise in this area, our decision to exit the vertical construction sector and a new strategy in place, we believe the appointments we have made will best support the company’s new strategic direction.”

Mr Hassall has extensive experience across both public & private sectors. He was chief executive & senior partner at accountancy firm PricewaterhouseCoopers NZ. He will relinquish his role as chair of the audit & risk committee.

The new directors:

Barbara Chapman.

Barbara Chapman, BCom: Ms Chapman retired after 7 years as managing director & chief executive of ASB Bank Ltd, and previously as group executive human resources & group services for the Commonwealth Bank of Australia. Barbara recently joined the boards of Genesis Energy Ltd & NZME Ltd as an independent director.

She began her career with the Commonwealth Bank Group in 1994 and has held senior executive roles responsible for marketing, communications, human resources, retail banking & executive leadership in New Zealand & Australia.

She has also chaired Oxfam NZ and been a director of Oxfam International, was an inaugural trustee of the NZ Equal Employment Opportunities Trust and chaired it for several years and is an inaugural member of the “25 Percent Group”, which aims to increase diversity at senior management levels & within New Zealand boardrooms.

Rob McDonald.

Rob McDonald, BCom, FCA: Mr McDonald retired as Air NZ Ltd’s chief financial officer at the end of 2017 after 24 years with the airline. He was appointed group financial planning manager in 1993, group treasurer in 1995 and chief financial officer in 2004.

He’s an independent director of Contact Energy Ltd and will take over the chair there on 1 September. He’s a director of Chartered Accountants of Australia & NZ and will chair Fletcher Building’s audit & risk committee.

Doug McKay.

Doug McKay, BA, ONZM, CMinstD: Mr McKay was the first chief executive of the new Auckland Council in 2010, on a fixed term until 2012. Before that, he had an extensive background in leading large organisations in both New Zealand & Australia, including senior roles at Carter Holt Harvey Ltd, Lion Nathan Ltd & Goodman Fielder Ltd, and as chief executive at Sealord and chief executive & executive chairman of Independent Liquor (NZ) Ltd. He chairs the Bank of NZ & Eden Park Trust and is an independent director of

Cathy Quinn.

Genesis Energy Ltd, IAG NZ Ltd & the National Australia Bank.

Cathy Quinn, LLB, ONZM: Ms Quinn is a commercial & corporate lawyer. She leads the mergers & acquisitions and private equity teams and the China practice at Minter Ellison Rudd Watts, and has chaired the firm for 8 years. She’s a director of Tourism Holdings Ltd and a board member of the NZ Treasury & the NZ China Council.

Progress pleases Norris

Sir Ralph Norris presenting the annual result last August.

Commenting on the appointments, Sir Ralph Norris said: “When I announced that I would step down as chairman in February I committed to first completing the chief executive transition & board refresh I had commenced, and I am pleased with the progress that has been made.

“Our chief executive, Ross Taylor, is now firmly established in the role and has led the development of a focused strategy that aims to deliver long-term growth for shareholders. Our balance sheet has been strengthened following a successful capital raising, and the company is on track to deliver 2018 financial guidance.

“Bruce Hassall will bring strong & steady leadership as Fletcher Building’s new chairman, and will complete the board refresh with the appointment of an Australian director in the coming months.

“Our 4 new independent directors are high calibre individuals who bring a mix of commercial, operational & governance expertise, which will greatly enhance the experience & diversity of the board.

Attribution: Company release.

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Quax fought politics from the right, and lives on through his opponents

Auckland Councillor & former Olympian Dick Quax died on Monday aged 70 after a 5-year battle with cancer.

Mayor Phil Goff said: “Dick battled his illness with courage and continued to work as long as he could on behalf of his community.”

He won silver in the 1500m at the 1970 Commonwealth Games in Edinburgh, moved up to the 5000m at the Munich Olympics in 1972 without success but won gold in the 5000m at the Montreal Olympics in 1976. He went on to break the world 5000m record in 1977. Although his world record was broken within a year, it remained a national record until 2008.

Mr Quax made 2 unsuccessful bids to enter Parliament, for the Act Party in 1999 & 2002. He entered local body politics as a Manukau City councillor in 2001 and served 3 terms there. After 6 years on the council he contested the mayoralty in 2007 but lost to Len Brown, who went on to become first mayor of the Auckland super-city council in 2010.

Mr Quax stood for the new council but failed to win a seat. However, Jami-Lee Ross, who won one of the 2 Howick ward seats, resigned from the council after 5 months to contest the parliamentary by-election for Botany, vacated by Pansy Wong, and Mr Quax then won the vacant council seat. He was re-elected in 2013 & 2016.

Quax at the council table

He pushed for the removal of the rural:urban boundary, which he & his many supporters argued was holding back housing development on Auckland’s fringes, and constantly questioned the sense of housing intensification.

I found his line of questioning exasperating, because it would inevitably peter out without a constructive alternative being presented.

But he had some successes in his opposition to council spending programmes. In one case at the Manukau council in 2008, the council agreed to look at ownership options for a 9-storey city-centre parking building instead of continuing with design & consent work based on council ownership, after opposition from several councillors.

Cllr Quax argued then – as he did on many occasions – that councils should not take on roles that the private sector was there to do. Against a suggestion that the Manukau council should establish a series of council-owned companies to handle development at its town centres, Cllr Quax said: “I am concerned that we will become property developers, because some developments we go into will not be as attractive to a joint-venture partner, and so we are going to become a developer in the most risky developments throughout the city. Would that be correct?”

Cllr Quax said such projects began with a small cost and, to justify that expense, more public money would be spent: “We are not into carparking, we are into governance here. Parking is not our business.”

As the unitary plan – the combination of regional policy statement & a distillation of all the pre-2010 territorial councils’ district plans – wended its way through the process in the second term of the super-city council, Cllr Quax won support from 8 other councillors in an attempt to halt intensification of suburban residential zones until there’d been public consultation.

Mayor Len Brown ruled Cllr Quax out of order and the councillor stormed out of the chamber. But as the unitary plan went through its final checks before being sent to the independent hearings panel, Cllr Quax repeated his wish to see the evidence that the compact city being advocated through the unitary plan would make Auckland a more liveable city.

He wasn’t afraid of his opponents and participated in the cut & thrust of social media. When he mocked the suggestion that the Sylvia Park mall should offer better transport options for shoppers, saying no one in the entire western world uses the train for shopping trips and got a reply on Twitter from Bryce Pearce, who said he biked to shop for his groceries, Cllr Quax responded. When Mr Pearce replied that he gets his groceries by bike, Cllr Quax added, “Sounds like that would make great Tui ad. ‘I ride my bike to get my weekly shopping – yeah right.’”

And so was born the word quaxing – to go shopping by walking, cycling or public transport. With that, Dick Quax won new international fame.

Attribution: Athletic records, council debates, mayor, Twitter.

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On the move, May 2018

Third CBRE valuer moves to Colliers in Christchurch
Maori Hill Property makes 2 facilities & property management appointments
Riley moves from Sylvia Park to Commercial Bay
Holth joins Kensington Swan property team

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

13 May 2018:

Third CBRE valuer moves to Colliers in Christchurch

John Pryor.

Colliers has appointed John Pryor as an associate director of its Christchurch valuations team.

He was a valuer at Ford Baker Valuation Ltd and a senior valuer at CBRE, each for 6 years and both in Christchurch.

Colliers national director of valuations Kane Sweetman said Mr Pryor had a wealth of experience in commercial valuation for speciality markets such as hotels & leisure, hospitality, education & self-storage, “and great experience in the early childhood & education markets”.

Mr Pryor follows 2 other recent recruits into Colliers’ Christchurch valuations team, director Marius Ogg & associate director Scott Ansley.

Mr Ogg has been appointed director of valuation & advisory services, the same role he held at CBRE in Christchurch, where he worked for 18 years.

Mr Ansley was at CBRE for 13 years, finishing as an associate director.

4 May 2018:

Maori Hill Property makes 2 facilities & property management appointments

Gwynn Gilmour.

Maori Hill Property Ltd (MHP) has made 2 appointments to newly created senior roles, reflecting the ongoing evolution & growth of its nationwide commercial property management portfolio.

The Queenstown-based company has appointed Gwynn Gilmour as senior facilities manager. He’s a building & quantity surveyor who’s previously worked with MHP for 3 years as an independent contractor, and brings a highly technical background in facilities management to the role.

Mr Gilmour’s appointment is in line with MHP’s plans for strategic growth, which include an enhanced focus on facilities management, and allows maintenance & facilities management functions to be taken in-house.

Kirita Sio.

The other appointment is the internal promotion of Kirita Sio to property management team leader. Her new role, which reflects the ongoing growth of the MHP team, includes providing mentorship & guidance to MHP’s team of 7 property managers, development of the property management team and assistance in learning & development programmes for property managers. She will also continue her existing property management duties.

Ms Sio has nearly 20 years’ experience in the property industry, encompassing property management & other roles in the commercial, residential & government sectors.

Over the last year, MHP has appointed 5 new staff and now has a team of 13 people based in Christchurch, Queenstown & Dunedin.

MHP manages one of the largest commercial property portfolios in New Zealand. Key portfolio statistics as at March 30 were:

Properties under management: 100+ (80+ syndicate-owned, 20+ privately owned)

  • Total asset value: $900 million
  • Tenants: 250

Syndicated managements:

  • Average investment yield: 7.38%
  • Average building age: 10.4 years
  • Weighted average lease term: 7.7 years
  • Average loan:value ratio: 49.1%

Link: Maori Hill Property

1 May 2018:

Riley moves from Sylvia Park to Commercial Bay

Lauren Riley.

Precinct Properties NZ Ltd has appointed Lauren Riley as retail general manager for its Commercial Bay development at the foot of Auckland’s cbd, starting at the end of May. Ms Riley has worked in several roles at Kiwi Property Group Ltd over the last 10 years, most recently as centre manager for Sylvia Park, which she has managed through the recent expansion stages, including the development & launch of the new dining district.

Precinct Properties chief operating officer George Crawford said the appointment of Ms Riley to the Commercial Bay team was a huge asset to the project: “This newly created role is critical to the success of Commercial Bay. Lauren’s experience & calibre will ensure that Commercial Bay will deliver on what we feel will be the most transformational project Auckland city centre has ever seen.”

Paul Holth.

Ms Riley was initially commercial asset manager at Kiwi Property, and managed LynnMall before moving to Sylvia Park. Before that, she was a property manager at the Bledisloe Estate Trust and for the Bank of NZ.

Holth joins Kensington Swan property team

Law firm Kensington Swan has appointed Paul Holth as a partner in its national property team, to play an integral role in growing the property business nationwide from his base in Wellington.

Mr Holth worked at 2 London law firms for 14 years, including being a partner at one, before emigrating to New Zealand in 2001, and spent his first 6 years in New Zealand as a residential property developer before joining law firm Chapman Tripp in 2006, where he was an associate & senior associate before moving to Kensington Swan.

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On the move, April 2018

Acclaimed architect – and harbour campaigner – David Mitchell dies
Construkt appoints 3 new directors plus principal & associates
Kiwi Property moves office to Vero Centre
Carroll returns to Colliers
Troute joins Investore board
Opteon expands valuation service into Waikato
Paterson & Rolleston appointed as Reserve Bank advisors 
Ryan moves from Primary Industries to Auditor-general
Stiassny to chair NZ Transport Agency
Jeffcott joins Lowndes
McKenna moves to Savills
Trainer joins Kiwi Property
Gibson joins Marsden Maritime board
Horsley brings retirement from Vital Healthcare forward
Campbell joins TwentyTwo Advisers
Ex-TSB chief joins Augusta board
Rhys Jones joins Metro Performance Glass board

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

30 April 2018:

Acclaimed architect – and harbour campaigner – David Mitchell dies

David Mitchell. Photo: Jane Ussher.

Long-acclaimed architect David Mitchell died in Auckland last Thursday, aged 77. His funeral will be held at St Matthew’s-in-the-City at 2.30pm tomorrow.

His career included the masterplanning of the Viaduct Basin, and in the last 2 years he, with architectural & life partner Julie Stout, campaigned through Stop Stealing our Harbour to prevent further reclamation of the Waitemata for port & America’s Cup purposes.

Their own house at Narrow Neck won an Institute of Architecture award in 2009. They conceived it as 3 separate dwelling units designed for flexibility to accommodate an elderly parent, grandchildren & frequent guests, and allowing the owners to work from home.

The institute awarded Mr Mitchell its highest honour, the gold medal for career achievement, in 2005. In 2014, he was selected as creative director for New Zealand’s first-ever national exhibition at the prestigious Venice Architecture Biennale.

He was also an influential teacher at Auckland University’s School of Architecture & Planning and commentator on New Zealand architecture.

For all that, I knew him as a humble & genial man who, with Ms Stout, would happily stop & chat on High St on their way to their ferry ride home.

Mr Mitchell grew up in Morrinsville and graduated from Auckland University’s School of Architecture. He returned to the school as a lecturer in 1972 and remained on the academic staff until 1987. In 1984 he wrote, with Gillian Chaplin, The Elegant Shed, a seminal book on New Zealand architecture that was the basis of a TV series of the same name.

While teaching at the university, Mr Mitchell continued the professional career he started in the late 1960s. He worked on education & state housing projects, and came to wider attention with a series of innovative buildings in the 1980s, including Alan & Jenny (later Dame Jenny) Gibbs’ house in Judges Bay, the Music School at Auckland University (with Jack Manning) and the couple’s home in Freeman’s Bay, designed with Ms Stout. In the next decade, significant work included the New Gallery at Auckland Art Gallery and a second Gibbs house in Orakei.

For much of the 1990s Mr Mitchell & Ms Stout lived overseas, working as architects in Hong Kong and sailing through the Pacific. These maritime expeditions combined Mr Mitchell’s passion for sailing and his strong interest in the architecture of the Pacific & South-east Asia which, he argued in his 2014 Venice exhibition, is part of this country’s architectural inheritance.

Returning to New Zealand, the couple focused on residential & cultural projects. Tauranga Art Gallery was completed in 2005 and, after a long process, Te Uru Waitakere Contemporary Gallery in Titirangi was completed in 2014. Recently, Mr Mitchell’s son Julian and Rachel Dodd joined in the practice partnership.

Attribution: Institute of Architects

Construkt appoints 3 new directors plus principal & associates

Russell Cannons.

3 new directors have joined founder David Gibbs on the board of Auckland architectural practice Construkt Architects Ltd in the ownership & management of the business.

Architects Russell Cannons, Madushin Amarakesera & Karl Barker have become both directors & co-owners, charged with driving Construkt’s growth alongside Mr Gibbs. Newly appointed principal Glen Kevey completes the new management lineup.

The practice has also named 3 new associates – Kate Watson, Rob Meneses & Dan Branda.

Mr Gibbs said he had been on the lookout for capable talent to lead the business into the future and was reassured by the strength of the new lineup: “Our new management team is solid. The baton has been handed over and it’s in exceptional hands. Our clients, partners & staff should feel confident & excited about what’s possible with these 3 joining me at the helm.”

Madushin Amarasekera.

Mr Cannons said: “There are now 4 of us heading up the practice, each unique, strong individuals, bringing specific skills & experience to the table. This is definitely a case where the whole is greater than the sum of its parts.”

Russell Cannons has been a registered architect for 25 years and joined Construkt as a principal in 2013. Mr Gibbs said he was adept in all aspects of project delivery, from site inspection to concept planning & design. His experience ranges from sporting facilities & hospitality fitouts to office design & residential projects of all sizes. He’s worked in Wellington & Auckland, where he also ran his own practice for 10 years.

Madushin Amarakesera’s accomplishments as a project architect span the Pacific & China and include major award-winning projects overseas. He is a building information modelling (BIM) & 3D modelling expert, with 12 years’ experience in small- to large-scale residential, retail & commercial architecture.

Karl Barker.

Mr Amarakesera was born in Sri Lanka but raised in Zambia, Zimbabwe, Botswana & South Africa, and was trained & registered as an architect in New Zealand. Before joining Construkt in 2013, he had established himself working as a senior architect, project team leader & designer.

Karl Barker has spent 15 years working on Construkt’s most complex briefs, including multi-unit residential, commercial, hospitality & urban design projects. Notable projects include redevelopment of the Hayes Metal Refinery buildings in Newmarket into a boutique fashion retail precinct, and the Pine Harbour marina head office. Mr Barker oversees Construkt’s computer systems & documentation standards. One of Construkt’s longest-serving architects, he joined the practice in 2002.

Kiwi Property moves office to Vero Centre

Kiwi Property Group Ltd relocated its head office operations on 23 April from the DLA Piper Tower at 205 Queen St to level 7 in the Vero Centre, 48 Shortland St. The company’s other contact details are unchanged.

20 April 2018:

Benet Carroll.

Carroll returns to Colliers

Real estate consultancy Colliers International has expanded into Taranaki with the appointment of Benet Carroll as a sales & leasing broker to be based in New Plymouth.

Mr Carroll, who’s from New Plymouth, headed Colliers’ industrial team in Wellington before going overseas for 6 years. He started his real estate career as a research analyst for Bayleys in Auckland in 2002, then joined Colliers for the first time as a valuer in 2005. He also spent 3 years in industrial leasing in the lower North Island for CBRE.

Troute joins Investore board

Investore Property Ltd has appointed Gráinne Troute as an independent director, effective yesterday. She will stand for election at the annual meeting on 27 June.

Gráinne Troute.

Ms Troute’s appointment follows an amendment to Investore’s constitution approved at last year’s annual meeting, facilitating the appointment of a third independent director. The board will now comprise 2 directors appointed by Stride Investment Management Ltd and 3 independents appointed by shareholders.

Investore chair Mike Allen said Ms Troute’s appointment followed a comprehensive search to identify someone who had the necessary skills to support the company in its next phase of development. Ms Troute has 30 years’ experience in both listed & unlisted entities in highly competitive customer-focused sectors, including 3 years as managing director of McDonald’s Restaurants NZ Ltd and 8 years as group corporate services general manager at SkyCity Entertainment Group Ltd. She has experience in retail & property, both during her time as an executive and in a governance capacity.

Ms Troute is a director of Tourism Holdings Ltd, Evolve Education Group Ltd & Summerset Group Holdings Ltd, a chartered member of the Institute of Directors, and has chaired Ronald McDonald House Charities NZ for 5 years.

16 April 2018:

Opteon expands valuation service into Waikato

Australian property valuation & advisory services company Opteon Group Holdings Ltd has continued to expand its New Zealand operations, now providing property valuation services in the Waikato region.

Opteon registered valuer Simon-Peter Finlay has relocated from Auckland to the Waikato to be closer to family. He previously specialised in residential property valuations in South Auckland & Franklin.

Opteon NZ country director Derek Smith said opening a Hamilton-based practice was in response to the boom in the housing market in Hamilton & surrounds, in both sale prices & number of new dwellings consented, since the financial crisis of 2008. That boom was partly due to a spillover effect from the Auckland market, where both investors & first-homebuyers had been seeking more affordable property.

“It’s also the big-ticket projects underway in the region, including major inland ports, freight hubs, new major expressway links, city centre riverside developments, and the new Government-backed suburban projects in the south-west, really making the Waikato region an exciting place to be.”

The latest Real Estate Institute statistics reveal a Waikato median house price of $503,000. 294 homes were sold in Hamilton in February, up from 162 in January & 262 in February 2017, representing a 12% increase over the year.

Opteon’s other New Zealand businesses are in Auckland, Tauranga & Queenstown. It bought Tauranga-based Landmass Technology Ltd in 2015, changing its name to Opteon Technologies Ltd last year, completed its acquisition of Auckland-based Sheldon & Partners Ltd last September after buying into the business in June, and in February it opened in Queenstown.

Paterson & Rolleston appointed as Reserve Bank advisors 

The Reserve Bank has appointed Susan Paterson & William Rolleston as part-time advisors to the bank on monetary policy. They will provide advice to the bank’s governing committee leading up to setting the official cashrate, starting with the May monetary policy statement.

They replace Tony Caughey & Conor English (brother of former prime minister Bill English), who have advised the bank for the last 3 years.

Susan Paterson.

Having trained & practised as a pharmacist, Ms Paterson completed her MBA at London Business School then worked in strategy and IT consulting & management roles in New Zealand, Europe & the US. She’s also held a variety of executive positions with Fletcher Challenge Ltd, including the steel sector and as general manager of Wiremakers.

Ms Paterson was made an officer of the NZ Order of Merit in the 2015 New Year’s honours for her services to corporate governance. She has owned her own pharmacy business for nearly 20 years, chairs IT consultancy Theta Systems Ltd, is a director of Arvida Ltd, Goodman NZ Ltd, Les Mills NZ Ltd & Sky Network TV Ltd, and is on the boards of the Electricity Authority & NZ Golf.

Dr William Rolleston.

Her previous chair, deputy chair & governance positions include Abano Healthcare Group Ltd, Airways Corp of NZ Ltd, America’s Cup Village Ltd, Auckland Regional Holdings, the Energy Efficiency & Conservation Authority, Housing NZ Ltd, International Accreditation NZ, Ports of Auckland Ltd, Tower Health & Life Ltd & Transpower NZ Ltd.

Dr Rolleston is chair of Life Sciences Network, Agriview NZ and Otago University’s Genomics Aotearoa. He has business interests in farming & life sciences and was president of Federated Farmers for 3 years until June 2017.

The Government has previously announced it’s altering the way official cashrate decisions are made, with a formal monetary policy committee consisting of both external members & senior Reserve Bank people. The new monetary policy committee will be formed following amendments to the Reserve Bank Act this year.

12 April 2018:

Ryan moves from Primary Industries to Auditor-general

John Ryan.

The deputy director-general of the Ministry for Primary Industries, John Ryan, was appointed today as Controller & Auditor-general for a 7-year term starting on 2 July.

His predecessor, Martin Matthews, resigned abruptly last August just as the Officers of Parliament Committee was about to release a report on his conduct as Secretary for Transport & chief executive of the Ministry of Transport during the time ministry manager Joanne Harrison carried out fraud there, while whistleblowers lost their jobs. She was jailed in February 2017 for 3 years 7 months.

Mr Matthews incorporated his own consultancy company when he was stood down from the Ministry of Transport and picked up its reins again in February.

The job of replacing him as auditor-general was publicly advertised, with a closing date for applications in February. In the interim, the Deputy Controller & Auditor-general, Greg Schollum, was Acting Controller.

Mr Ryan was appointed chief executive of the Building Industry Authority in October 2003, where he took over the regulatory response to leaky homes, and was subsequently the new Department of Building & Housing’s general manager of building controls.

In a career spanning senior roles in New Zealand, Australia, & the UK, he’s been executive director of corporate services for Capital & Coast, Hutt & Wairarapa District Health Boards, deputy chief executive & chief operating officer at the Ministry of Justice, held a number of chief financial officer, corporate & programme roles, and led the building programme for 4 new regional prisons and the redevelopment of the National Library.

He’s also been on the boards of the Royal NZ Ballet, the NZ Festival & the Wellington Jazz Festival.

Stiassny to chair NZ Transport Agency

Michael Stiassny.

The Government appointed Michael Stiassny yesterday as chair of the NZ Transport Agency board for a 3-year term starting on 19 April.

Dame Fran Wilde was acting chair over the last 3 months after Chris Moller stood down in January.

Mr Stiassny also chairs Ngati Whatua Orakei Whai Rawa Ltd, Stride Property Ltd, Tower Ltd & Vector Ltd, and is a director of Emerald Group Ltd, Frequency Media Group Ltd & litigation funder LPF Group Ltd. He resigned in December as a director of KordaMentha Partnership Ltd (ex-Ferrier Hodgson & Co Ltd) after 30 years with the accountancy business, initially focusing on insolvency but in recent years working more on restructuring. He’s a fellow of Chartered Accountants Australia & NZ, a chartered fellow of the Institute of Directors.

Transport Minister Phil Twyford said in announcing the appointment: “Michael Stiassny has a wealth of governance, leadership & financial knowledge, having been involved in governance & corporate positions for the past 3 decades.

“The NZ Transport Agency’s core functions are to plan & invest in New Zealand’s land transport networks through the national land transport programme. “This government has a transformative agenda to rebalance the transport system toward better safety, access & value for money, along with more investment in regional & local roads & rail.

“The NZ Transport Agency has a crucial role to play in creating a modern & sustainable transport network across land transport modes. Michael Stiassny brings strong & decisive leadership to the board.”

Jeffcott joins Lowndes

Tim Jeffcott.

Law firm Lowndes has appointed Tim Jeffcott as a principal on his return to Auckland after 6 years as a principal at Nelson firm Hamish Fletcher Lawyers.

Mr Jeffcott has also worked for MinterEllisonRuddWatts, a boutique Auckland firm, and was a partner at Jeffcott Muller for 8 years and a disputes tribunal referee for 3 years. He’s an associate of the Arbitrators’ & Mediators’ Institute and has a BA degree from Canterbury University & LlB from Auckland University. He advises across a wide spectrum of business but has a focus on insolvency, technology & employment issues.

8 April 2018:

McKenna moves to Savills

Colin McKenna.

CBD investment & development agent Colin McKenna has moved back into a central base at Savills, on Shortland St, after 8 years at Bayleys, which moved further from the central area last year when it shifted office from the city end of Fanshawe St to take naming rights on a new building on Gaunt St in the Wynyard Quarter.

Mr McKenna started in property at City Sales Commercial under the tutelage of principal Martin Dunn 18 years ago and had 2 stints with CBRE, and at JLL & DTZ.

In recent times he’s sold the Real Groovy site at 438 Queen St and 75 Victoria St to the Conrad Group, the Fonterra site on Princes St to Sanctuary Group, 90 Symonds St to the Auckland Chamber of Commerce & 52 Symonds St to a private investor.

Mr McKenna said he was associated from time to time with discreet briefs on behalf of well known Auckland property investors & developers.

Trainer joins Kiwi Property

Kiwi Property Group Ltd has appointed Linda Trainer as its retail portfolio general manager, starting on 23 April.

Chief executive Chris Gudgeon said on Friday Ms Trainer would join Kiwi Property’s leadership team with overall responsibility for the strategic & operational aspects of the retail portfolio “with a view to optimising its investment performance. We look forward to benefiting from her very considerable experience and her extensive retail & marketing knowledge.”

Ms Trainer has 25 years’ experience in property, retail, management & marketing. She was most recently NZ regional manager at Scentre (NZ) Ltd, with overall operational responsibility for Westfield shopping centres in New Zealand.

After 2 years as Pakuranga shopping centre manager for St Lukes Group Ltd, she became St Lukes’ leasing manager and, when Westfield took over St Lukes, she became national marketing manager – including 2 years doing that job for both Australia & New Zealand based in Sydney. She was Westfield’s shopping centres & marketing general manager in New Zealand for 8 years.

Gibson joins Marsden Maritime board

Tony Gibson.

Marsden Maritime Holdings Ltd has appointed Ports of Auckland Ltd chief executive Tony Gibson as a director, effective 4 April. He will be a non-independent director and will stand for election at the annual meeting in October.

Northland Regional Council owns 53.6% of Marsden (ex-Northland Port Corp (NZ) Ltd), and Ports of Auckland owns 19.9%.

Marsden chair Sir John Goulter said Mr Gibson, who has over 30 years’ experience in shipping & logistics, brought a wealth of experience in port & associated companies, including marina developments & transport logistics: “He understands these industries very well and we look forward to his inputs contributing to the ongoing success of Marsden Maritime Holdings.”

Peter Griffiths recently resigned as a director, so the Marsden board will remain at 6 directors, the statutory requirement for designated port companies.

4 April 2018:

Horsley brings retirement from Vital Healthcare forward

Graeme Horsley.

Graeme Horsley has brought his retirement as chair & a director of the Vital Healthcare Property Trust management company forward by 6 months from the annual meeting in November, now to take effect on 1 May.

He’ll be replaced in the chair by Claire Higgins, an Australian who’s also an independent director.

David Carr, chief executive of Vital’s management company, NorthWest Healthcare Properties Management Ltd (ex-Vital Healthcare Management Ltd ), will become a director on 1 May.

Ms Higgins will exercise a second casting vote on any issue on which the 5-member board isn’t unanimously agreed. This interim board configuration will be reviewed not later than the next annual meeting.

Mr Horsley said today: “I had indicated at the Vital annual meeting in 2017 that the current term would be my last as a director. Personal circumstances are now such that I have determined to accelerate my plans and retire at this time.

“It has been a privilege to serve as a director and, since 2011, as chairman of NW Management. Vital is now one of the largest comprehensive healthcare real estate vehicles in Australasia and, under the leadership of chief executive David Carr, is well positioned for success.”

Paul Dalla Lana, founder & chief executive of NW Management’s parent company, NorthWest Healthcare Properties REIT, said: “Graeme has been instrumental in the growth & success of Vital since he joined the board in 2007 and became chairman in 2011. During his tenure Vital has observed compound average total annual returns of 12.0%, well ahead of the local listed property sector average of 6.6%. This is an exceptional record of performance.”

Campbell joins TwentyTwo Advisers

Rob Campbell has joined TwentyTwo Independent Property Advisers Ltd as its Auckland lead after leaving Fletcher Building Ltd in January as senior property asset manager. He’s an associate principal at the Wellington-headquartered TwentyTwo, which specialises in property advice & workplace strategy practice.

After graduating with a BProp degree in valuation & property management from Auckland University in 1993, Mr Campbell went on to complete a Master of Property Studies degree at Lincoln University and has had a varied career in the property sector, starting with property management at Auckland City Council & Housing NZ Corp over 8 years, followed by spells in property management for corporate clients, culminating in his 3 years at Fletcher Building.

Link: TwentyTwo

Ex-TSB chief joins Augusta board

Kevin Murphy.

Augusta Capital Ltd has appointed former TSB Bank Ltd managing director Kevin Murphy as an independent director. He’s an experienced professional director who joined TSB in 1979 and retired from its board in January after 8 years at the helm.

Mr Murphy will become a member of Augusta’s audit & treasury committee. To assist in the transition, John Loughlin has agreed to remain a director for a further 3 months and will retire on 30 June.

TSB had become New Zealand’s 6th largest retail bank with $7 billion of assets when Mr Murphy retired. As TSB managing director, he also served as a director of Fisher Funds Ltd, Payments NZ Ltd & Banking Ombudsman Scheme Ltd. Mr Murphy is a chartered accountant and was vice-president of Chartered Accountants Australia & NZ for 2 years.

Rhys Jones joins Metro Performance Glass board

Metro Performance Glass Ltd has appointed Rhys Jones as a non‐executive director, with effect from 1 April.

Mr Jones is executive director & chair of the executive board of Vulcan Steel Ltd, a large privately owned trans‐Tasman steel distributor which has 30 business units, and is a director of Tru-Test Corp Ltd.

He’s had a 30-year career working in the Australasian building material & packaging industries. Before joining Vulcan Steel in 2006, he held senior roles at Carter Holt Harvey Ltd & Fletcher Challenge, including chief operating officer of Carter Holt Harvey’s pulp, paper & packaging
business.

Metro Performance Glass’s chief executive of the last 5 years, Nigel Rigby, resigned from the company, effective 31 March. He was a senior executive at James Hardie Building Products Ltd in the US for the previous 9 years, including US business executive general manager, based in Chicago.

Following Mr Rigby’s departure, all 6 Metro Performance Glass directors will be independent.

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