Tag Archives | On the move

On the move, August 2018

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.

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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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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On the move, March 2018

Regeneration specialist Hayley Ellison returns to NZ
Masfen to hand over PFI reins to Beverley in May
Evans & Tomlinson join Oceania Healthcare board
Winfield takes sole charge at JLL Valuation
Colliers strengthens rural presence
Andrew joins Port of Tauranga board
Wilson Hurst agency to merge with Ray White Commercial Auckland
City Sales trio move to Bayleys
Perry takes over from McKellar at Oyster
Davis combines 2 roles at Harcourts
Lauchlan returns to JLL NZ as managing director
Fletcher chief transformation office quits
Key joins ANZ Bank’s parent board
Vector appoints 2 Sydney-based directors
Real Estate Institute appoints education director
Sewell on Generation Group 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.

28 March 2018:

Regeneration specialist Hayley Ellison returns to NZ

Hayley Ellison.

Engineering & design consultancy Harrison Grierson Group Ltd has appointed an international expert, Hayley Ellison, to the new role of urban development technical leader.

Ms Ellison has returned to New Zealand after 20 years in the UK, where she worked on high profile urban regeneration projects, particularly in London.

A specialist in mixed-use regeneration projects on previously developed land & technically constrained sites, she’s led multi-disciplinary consultancy teams on largescale high quality urban development projects to deliver thousands of new homes, including affordable housing, new public & private amenities and enhanced public spaces.

Harrison Grierson managing director Glen Cornelius said she would be based in Wellington & operating nationally to support Harrison Grierson projects: “Hayley’s appointment provides an exciting opportunity for the company, particularly as the Government seeks solutions to housing shortages & urban regeneration issues in our main centres.”

Ms Ellison has an MSc (Hons) from Auckland University and is an associate member of the Royal Town Planning Institute.

24 March 2018:

Masfen to hand over PFI reins to Beverley in May

Peter Masfen.

NZX-listed Property for Industry Ltd chair Peter Masfen will retire at the company’s annual meeting on 8 May, and his deputy since last May, Anthony Beverley, will take over under a succession plan. The company has also appointed 2 new independent directors in the last 2 years, Susan Peterson in May 2016 and David Thomson this February.

Mr Masfen, 76, joined the PFI board in May 2002 and was appointed to the chair a month later. In the 1980s he headed listed companies on both sides of the Tasman – Corporate Investments Ltd in New Zealand and Corporate Equities Ltd in Australia – and has been chair or a director of wine company Montana Group (NZ) Ltd, Allied Properties Ltd, Nelson Pine Industries Ltd, Spectrum Resources Holdings Ltd, Greymouth Petroleum Ltd, Newman Group Ltd & Ports of Auckland Ltd.

Anthony Beverley.

Mr Beverley was head of property at PFI’s then-manager, AMP Capital Investors (NZ) Ltd, when he left AMP on 4 March 2011, 20 years to the day after he started work there. He’d represented AMP on the PFI board since 2001 and remained as an independent director. He’s also a director of Arvida Group Ltd, Ngai Tahu Property Ltd and 3 Centreport Ltd subsidiaries, and is a chartered fellow of the Institute of Directors and a fellow of the Institute of Valuers, the Property Institute & the Financial Services Institute of Australasia.

In other governance changes on 8 May, Ms Peterson will take over from Mr Beverley as chair of the audit & risk committee and David Thomson will also join that committee.

Evans & Tomlinson join Oceania Healthcare board

Oceania Healthcare Ltd has appointed Sally Evans as an independent non-executive director, and Greg Tomlinson as a non-executive director, effective 23 March, taking the number of directors to 7.

Sally Evans.

Ms Evans has over 30 years’ experience in the private, government & social enterprise sectors in Australia, New Zealand, the UK & Hong Kong, and has been a director of Opal Specialist Aged Care & Blue Cross Aged Care, was an inaugural member of the Australian Government’s Aged Care Financing Authority and held executive roles as healthcare director at the FTSE-listed Compass Group plc and head of aged care at AMP Capital Investors Ltd.

Ms Evans chairs the social enterprise LifeCircle Australia Ltd and is a member of the consumer & industry advisory group to the Australian Treasury on the proposed framework for retirement incomes. She was awarded the 2002 Telstra Australian corporate & private sector businesswomen’s award and was a finalist in the 2013 Australian Financial Review women of influence awards. Ms Evans will be a member of Oceania Healthcare’s clinical and health & Safety committee.

Greg Tomlinson.

Mr Tomlinson is a Christchurch businessman & investor with experience in a variety of New Zealand industries. A pioneer of the aquaculture sector in Marlborough, he’s also established construction & aged care businesses, including Qualcare Holdings Ltd, which was sold into the Oceania Group in early 2008. He was an Oceania director from 2008-16 and remains a director & shareholder of Oceania Healthcare Holdings Ltd, which holds 57.22% of the shares in the NZX-listed Oceania Healthcare. Mr Tomlinson is a director of Heartland Bank Ltd & Impact Capital Ltd.

19 March 2018:

Dale Winfield.

Winfield takes sole charge at JLL Valuation

JLL has appointed Dale Winfield as sole leader of its national valuation team following the resignation last month of Dave Wigmore, with whom he’d shared the role for 2 years.

Mr Winfield, named property professional of the year at the 2017 RICS awards, joined JLL in 2010 after 10 years as a valuer, senior surveyor & associate director at DTZ in Dunedin, London & Auckland.

Mr Wigmore was national director of valuation & advisory for 10 years after 2 stints as a senior valuer at Colliers, 3 years running his own company and a year at Ernst & Young Corporate Finance.

14 March 2018:

Colliers strengthens rural presence

Hadley Brown.

Colliers has put a new leadership team in place to strengthen its rural real estate capabilities and plans to expand its regional presence.

The agency has appointed North Island director Hadley Brown & South Island director Ruth Hodges to lead its rural & agribusiness team from their respective offices in Hawke’s Bay & Canterbury.

Colliers NZ chief executive Mark Synnott said the team’s new structure would allow its rural property experts to better leverage their specialised skills, both locally & throughout New Zealand.

Ruth Hodges.

“We see our rural & agribusiness capability as a key part of Colliers International’s strategy of targeted expansion in growth areas. The national co-directors will work closely together to ensure the rural & agribusiness team takes a co-ordinated nationwide approach to providing rural & agribusiness sales, valuation & advisory services,” he said.

The agency established this business in Canterbury in 2014, and it now covers all New Zealand from offices in Auckland, the Bay of Plenty, Hawke’s Bay, Wellington, Nelson & Christchurch. 2 more North Island offices are planned to open this year. Already this year, it’s expanded to include a specialist forestry sales service headed by Warwick Searle.

Andrew joins Port of Tauranga board

Alison Andrew.

Alison Andrew will join the Port of Tauranga Ltd board on 1 April, replacing Bill Baylis, who retired on 19 December.

Ms Andrew joined Transpower NZ Ltd in 2014 as its chief executive. She’s held a number of senior executive roles in various industry sectors, most recently as global head of chemicals for Orica plc. She’s also been a director of Genesis Energy Ltd. Before those roles, she held senior positions at Fonterra Co-operative Group and across the Fletcher Challenge Group in its energy, forests & paper divisions. Ms Andrew graduated with a Bachelor of Engineering degree (chemicals & materials) from Auckland University in 1983 and also has an MBA from Warwick University.

9 March 2018:

Wilson Hurst agency to merge with Ray White Commercial Auckland

Commercial property company Wilson Hurst’s Auckland sales & leasing arm is to merge its business with the recently created Ray White Commercial Auckland Ltd.

The 2 businesses said on Monday they’d agreed terms in the past week which would involve most of Wilson Hurst’s sales & leasing team moving to operate under the Ray White Commercial Auckland brand.

Finn Hurst.

Wilson Hurst principal & director Finn Hurst will become the fifth shareholder & director of Ray White Commercial Auckland, owning a 20% share. The existing Ray White Commercial directors – John Bowring, John Davies, Nigel Ingham & Megan Jaffe – also hold 20% stakes.

Mr Hurst said: “We’re very excited about the business this partnership forms. We see it as a real springboard for Ray White Commercial into the Auckland market, building on the solid platform the Ray White residential network has already established.”

He said the Wilson Hurst team would move into the new Ray White Commercial Auckland offices in Parnell shortly, but would remain operating under their existing brand while the business completes its transition to the Ray White Commercial software & systems.

The merger is expected to be completed early in the second quarter of 2018.

Mr Davies said: “There are real synergies in the 2 companies combining resources to better serve our clients. The merger will add to Ray White Commercial’s scale & presence in the Auckland region. We all knew each other and it just fitted well.”

Mr Ingham said: “Wilson Hurst brings specialist skills & expertise, particularly as Auckland city centre & fringe office & retail leasing specialists.”

Mr Hurst said Wilson Hurst’s property consultancy business wasn’t included in the merger and would continue to operate unchanged from its Auckland, Wellington & Christchurch offices.
Earlier story: On the move, January 2018 New Ray White Commercial Auckland franchise launched

City Sales trio move to Bayleys

2 of City Sales’ longest-serving apartment specialists, Steve Kirk & Habeeb Urrahman, have joined Bayleys’ city living team and had their first property up for auction there on Wednesday.

A third City Sales agent, Chris Cairns, joined them in the move.

Mr Kirk spent 12 years at City Sales, Mr Urrahman 7 and Mr Cairns 3. Mr Urrahman was a research analyst at Thomson Reuters in India for 5 years before moving to Auckland.

Perry takes over from McKellar at Oyster

Joanna Perry.

Joanna Perry has taken over from Michelle McKellar as chair of syndication company Oyster Property Group Ltd.

Ms McKellar, a director of Oyster’s 50% owner, the ASX-listed & Brisbane-based Cromwell Corp Ltd, opened CBRE’s New Zealand office in 1987 and was later based in Hong Kong as managing director of CBRE’s Greater China operations. She was subsequently chief executive of Denis Jen’s property group, based in Brisbane, and is a founding director of China-based Dash Brands. She became chair of Oyster when Cromwell bought into it in 2014.

The other 50% of Oyster is held by 4 longtime local investors & chief executive Mark Schiele.

Ms Perry will be Oyster’s first independent chair. She retired from the Kiwi Property Group Ltd board last September after 11 years on it, is deputy chair of Regional Facilities Auckland and is an independent director of Genesis Energy Ltd, Trade Me Group Ltd & Partners Life Ltd.

She’s a chartered fellow of the Institute of Directors, a fellow of the Institute of Chartered Accountants and has an MA degree in economics from Cambridge University. She was a senior partner at KPMG, a member of the Securities Commission, chaired the Financial Reporting Standards board, and was made a member of the NZ Order of Merit in for services to accounting in 2010. She chairs the London-based IFRS Advisory Council.

Ms Perry also spent 6 years on the boards of Sport NZ & Rowing NZ.

Earlier story, 6 June 2014: Cromwell buys half of Oyster, McKellar to chair it

7 March 2018:

Davis combines 2 roles at Harcourts

Jim Davis.

Harcourts NZ has appointed Jim Davis to the newly created role of lifestyle/rural, Christchurch/South Island business development manager.

Mr Davis had held both roles at different times, but said combining the 2 positions made sense: “There is a clear relationship between growing Harcourts’ presence in the lifestyle/rural market and looking after our franchises across the South Island. Often those 2 responsibilities will mean talking to the same people.”

But, he said that didn’t mean his rural role would be restricted to the South Island: “Absolutely not. What a lot of people may not realise is that Harcourts is one of the largest players in the rural/lifestyle market already. But there is always room for growth, right around the country. I will be looking at how we can make more potential clients aware of our great results in the lifestyle/rural space and, as always, working with our offices to see how we can extend that reach even further.”

Mr Davis is a director of the Real Estate Institute and has worked in many parts of the real estate sector, starting out as a sales consultant, advancing through office management to owning his own real estate business in North Canterbury, before selling to move into the Harcourts corporate team as a business development manager.

In his new role he’ll be based in the Harcourts Christchurch regional office.

Lauchlan returns to JLL NZ as managing director

Todd Lauchlan.

Todd Lauchlan returns to Auckland this month from Indonesia, where he’s been JLL’s country head since 2010, to take over from Nick Hargreaves as the agency’s New Zealand managing director.

Mr Hargreaves said last month he was leaving the property consultancy after 7 years in the top role.

Mr Lauchlan joined JLL in 1995 as a leasing agent in Wellington and went to London in 1999 to work in the agency’s global client services team.

In 2000 he moved to Mumbai to head the agency there, and in 2002 he became director of its Indian agency business. In late 2003 he moved to Beijing as director of commercial leasing, then returned to New Zealand in 2005 as head of the New Zealand commercial leasing business.

A year later he joined Sama Dubai, a Dubai government entity, as regional manager for sales & marketing, before joining the Abu Dhabi-based Tourism Development & Investment Co in 2008 as head of residential sales, followed by becoming the head of its strategic services team. Mr Lauchlan rejoined JLL in 2010 as country head for JLL Indonesia and as an international director of the firm.

2 March 2018:

Fletcher chief transformation office quits

Fletcher Building Ltd chief transformation officer Lee Finney, a member of the company’s executive team, has resigned.

Chief executive Ross Taylor said this week: “Lee joined the business in March 2016 and has led a number of important initiatives, including our performance improvement programme, central procurement & safety.”

After 2 years as Goodman Fielders baking operations director in Auckland, Mr Finney moved to Canadian brewing company Molson Coors in 2010, first as chief supply officer for the UK & Ireland at Burton-upon-Trent, then as chief supply officer for Europe based in Prague, and finally as chief supply officer for Canada, in Toronto, before his return to Auckland.

Key joins ANZ Bank’s parent board

Former prime minister Sir John Key has joined ANZ Bank’s parent board, 4 months after being appointed to its New Zealand board. He was appointed chair of the NZ board in January. He will stand for election as a director at ANZ’s annual meeting in December.

ANZ Banking Group Ltd chair David Gonski said: “Following a successful international career in business & politics, Sir John has the ideal credentials to further strengthen ANZ’s board. Our New Zealand business has already benefited from his significant experience and I know he will make a valuable contribution to the ongoing success of the broader group.”

Sir John’s international banking career in international finance was primarily with Bankers Trust in New Zealand and Merrill Lynch in Singapore, London & Sydney. At Merrill Lynch, he was head of global foreign exchange and a member of the foreign exchange committee of the Federal Reserve Bank of New York. He was made a knight grand companion of the NZ Order of Merit in the 2017 Queen’s Birthday honours and also received Australia’s highest honour, becoming a companion of the Order of Australia for advancing the Australia-New Zealand bilateral relationship.

Sir John was prime minister for 8 years, resigning from that role in December 2016 and from Parliament in April 2017. He became a director of Air NZ Ltd in September.

Vector appoints 2 Sydney-based directors

Auckland electricity & gas distribution company Vector Ltd chair Michael Stiassny announced the appointment of 2 new non-executive directors on Wednesday, both based in Sydney.

Sibylle Krieger is a non-executive director & board chair with over 35 years of broad commercial experience. She’ll join the Vector board in the second quarter. Her early career was in professional services as a corporate lawyer in private practice, followed by a period as an economic regulator. Her focus as a non-executive director has been on corporate governance, infrastructure & regulated industries, and sectors undergoing significant change or reform. She chairs Xenith IP Group Ltd and is a non-executive director of MyState Ltd and Australian Energy Market Operator Ltd (AEMO).

Xenith & MyState are both ASX-listed companies. AEMO is responsible for operating Australia’s largest gas & electricity markets & power systems. She was previously a non-executive director of 2 water utilities undergoing significant reform, and of Sydney Ports Corp.

David Bartholomew was chief executive of DUET Group, an ASX-listed utilities & energy company taken over by Hong Kong magnate Li Ka-shing’s Cheung Kong Infrastructure Holdings Ltd in early 2017 in an $A7.5 billion buyout. He was recently appointed as a non-executive director of New South Wales electricity distributor Endeavour Energy, majority owned by a private consortium in partnership with the NSW Government. Before joining DUET, Mr Bartholomew was director of infrastructure at Hastings Funds Management Pty Ltd for 5 years.

NZX-listed Vector is the country’s largest distributor of electricity & gas, owning the lines & pipes to households & businesses in Auckland. Its majority shareholder, with voting rights of 75.1%, is Entrust.

Real Estate Institute appoints education director

Kirstin Brown.

The Real Estate Institute has appointed Kirstin Brown as its education director. She’ll be responsible for the management of education & training and will be developing & managing the institute’s education strategy.

For the last 2 years she’s been national operations manager for Academy NZ (ACG) & the Quantum Education Group, and then national college director for ACG.

She was responsible for all strategic planning, management & operations of several colleges, and for the educational product portfolio & financial management across campuses.  Before ACG, she held senior roles at Whitireia Polytechnic & Dominion English Schools.

Ms Brown has a post-graduate diploma in business administration from Auckland University Business School, a diploma in English language teaching from Cambridge University and a BA degree from Canterbury University.

Sewell on Generation Group board

Tony Sewell.

Former Ngai Tahu Property Ltd chief executive Tony Sewell joined the board of Generation Homes parent company Generation Group Ltd late last year as an independent director.

Following his involvement in the negotiation of the Ngai Tahu settlement signed in 1996, Mr Sewell was chief executive of Ngai Tahu Property Ltd until he stepped down in 2015 to build his consulting business and take on a select number of directorships.

He’s president of the Canterbury Employers Chamber of Commerce, chairs Business NZ, is deputy chair of Hanmer Hot Pools, a director of Tama Asset Holding Co Ltd and a chartered director at the Institute of Directors.

Mr Sewell was a director of NZX-listed property investor NPT Ltd for 8 months, and replaced Sir John Anderson as chair for 6 weeks until Augusta Capital Ltd defeated Kiwi Property Group Ltd last April in a fight for the management of NPT’s property portfolio.

Generation Homes, founded 20 years ago, has built over 4000 houses throughout New Zealand. Company turnover reached $270 million last year. The company operates in Northland, Waipa/Coromandel, Auckland, Tauranga, Rotorua & Taupo, Hamilton, Waikato North and Christchurch.

Generation Homes chief executive Kevin Atkinson said the company sought Mr Sewell’s involvement because of his extensive governance experience and a strong land transaction & property background.

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On the move, February 2018

Dobbie takes over from Alexander as Barfoots chief executive
Finlay heads provincial fund panel, 2 others on it named
CBRE’s Johnson takes senior role at Bayleys
Malpass confirmed as Steel & Tube chief executive
Liz Ward replaces Karl Smith at Gough Group
Whineray interim head at Super Fund
Tindal quits troubled CBL without really starting
Opteon adds third NZ valuation business
Hargreaves quits as JLL managing director
Andrew Brown to head Tainui property
Church moves to Chow Group
Kean takes over Dilworth portfolio management
Wilton takes on new role to advance Forest Enterprises succession plan

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.

25 February 2018:

Dobbie takes over from Alexander as Barfoots chief executive 

Chris Dobbie.

Barfoot & Thompson has appointed Chris Dobbie as its chief executive, starting last Monday. He’s replaced Wendy Alexander, who was a senior executive at Barfoots for 20 of her 30 years in the property industry.

Mr Dobbie joined the company 24 years ago and has been chief financial officer since 2001.

Managing director Peter Thompson said: “Chris brings a great depth & breadth of knowledge to this role, honed over many years managing the financial side of our business. He has complemented this with a clear enthusiasm for leadership & management & continued professional development in those areas.

“We are excited to have someone with such a passion for the business & its future direction at the helm as we head towards the company’s centenary.”

Mr Dobbie said he looked forward to bringing a fresh focus to all sectors of the business: “There is no rest for the market leaders. We will be challenging traditional real estate with innovation, while building on our strengths to further entrench our position for the long term.”

Priya Shankar, the company’s accountant for 10 years, will move into the role of financial controller.

Finlay heads provincial fund panel, 2 others on it named

Rodger Finlay.

The Government has appointed Rodger Finlay to chair its new Provincial Growth Fund’s independent advisory panel.

Mr Finlay said: “Historically, New Zealand’s economic strength, resilience & innovation have come from our provinces and I look forward to advising on the reinvigorating effects that investment will bring to these communities.

“Throughout my career, and on both sides of the fence, I have been involved in evaluating, promoting, implementing & financing capital projects. Hopefully this experience will be of value to our mahi here.”

Mr Finlay is a fellow of Chartered Accountants Australia & NZ and a chartered fellow of the Institute of Directors. For most of his executive career he’s worked for global investment banks CS First Boston & Banque Paribas, focusing on funds management & investment banking.

For the last 10 years, he’s been solely engaged in governance. He was a director of NZ Oil & Gas Ltd for 5 years, the last 2 chairing it up to the takeover (a 68% controlling interest) by OG Oil & Gas Ltd of Singapore, completed in December.

Dr David Wilson.

Mr Finlay is a governor of Radio NZ, deputy chairman of Rural Equities Ltd, chair of privately owned UK investment advisor Mundane Asset Management Ltd and a director of NZ Thoroughbred Racing Inc.

Regional Economic Development Minister Shane Jones named Mr Finlay when he announced the first recipients of growth fund money in Gisborne on Friday. The advisory panel is to have 6-8 members, but I haven’t seen a full list of them. The 3 I’ve seen named so far are:

  • Mr Finlay, of Akaroa
  • David Wilson, Northland Inc chief executive, who has a PhD in regional development and was NZ First’s candidate for Te Atatu and 14th on its party list at the 2017 election, and
  • John Rae.

    John Rae, a member of the National Infrastructure Advisory Board since it was formed in 2009 and its chair since August 2016, chair of infrastructure investment group Eastland Ltd since 2011, chair of Activate Tairawhiti Ltd since its formation in 2014 by the Gisborne District Council & Eastland Community Trust, a director of Kaikohe-based Ngapuhi Asset Holding Co Ltd since 2014, chair of Smart Environmental Ltd since late 2010, managing director of Stevenson Group Ltd for 9 years until 2010, a director of Cavalier Corp since 2015, director of Te Kuiti-based The Lines Co Ltd since 2014, director & shareholder of Auckland catering business Gobble Ltd since 2011, chair of Infrastructure NZ for 7 years & board member for 12 until 2016, a director of Taku Honey Ltd for 2 years before its 51% selldown to a US ethical investor, an executive at NZI Securities Ltd for 9 years until 1991, and at NZI Bank Ltd for 4 of those years. Mr Rae graduated from Auckland University in 1982 with BCom & LlB degrees.

23 February 2018:

CBRE’s Johnson takes senior role at Bayleys

Ryan Johnson.

Bayleys Real Estate has appointed Ryan Johnson as its new commercial & industrial sector national director, replacing John Church, who was appointed chief operating officer of Chow Group Ltd in January.

Mr Johnson has spent the last 14 years as a senior executive at CBRE, where he initially spearheaded the agency’s Wellington business. More recently, he was CBRE’s managing director in North Sydney.

He’s specialised in cbd office sales, completing over $2 billion in sales with institutional & private clients.

Malpass confirmed as Steel & Tube chief executive

Steel & Tube Ltd has confirmed the appointment of Mark Malpass as chief executive officer, effective immediately.

Mark Malpass.

Mr Malpass stepped down from the board to take over from Dave Taylor as interim chief executive last September.

Mr Malpass has had executive experience both in New Zealand & overseas. He worked with ExxonMobil Corp for 19 years and was chief executive of Fletcher Building Ltd’s largest division, infrastructure products, which included transforming its steel distribution businesses.

Since late 2014, he’s taken on advisory roles with companies in the construction materials sector such as Fulton Hogan Ltd.

Steel & Tube chair Susan Paterson said yesterday: “We are delighted that, following a robust external appointment process, Mark has accepted the role of chief executive on a permanent basis. The last 5 months has seen the commencement of a significant change programme and the reorganisation of the group as Mark & his team have put in place the foundations to enhance the performance of Steel & Tube.

“The board engaged PWC to benchmark chief executive remuneration and make recommendations on our long-term incentive scheme. We have made significant changes in both areas and believe our new remuneration frameworks are best practice and more closely aligned with shareholder value creation.”

20 February 2018:

Liz Ward replaces Karl Smith at Gough Group

Liz Ward.

Christchurch-based heavy equipment supplier Gough Group Ltd has appointed Liz Ward as its chief executive, taking over from Karl Smith on 12 March. She’ll be based initially in the Christchurch head office, before moving to Auckland later this year.

Gough Group chair Keith Taylor said today: “Liz brings a track record of leading & implementing transformational business change across a wide range of industries. Her customer-driven, results-focused approach, coupled with an inclusive leadership style, will help build upon a strong organisational culture that delivers results.

“Her significant executive & governance experience, together with her record of transformation & engagement, position her well to drive Gough Group’s strategic aims of creating exceptional customer experiences & inspiring our people.”

Executive director Ben Gough said Ms Ward’s appointment was a clear statement of direction for the group: “The Gough Group must continue to lead our markets in the products & services we provide and do so across a range of platforms. Liz comes to us with a powerful record of innovation that will enable developments we believe our customers want to see.”

Ms Ward has held roles as chief executive of Kennards Hire based in Sydney, director of the New South Wales Telco Authority, customer services executive director for Sydney Trains, chief executive of CentrePort Ltd, and executive positions at Telstra, Spark & EDS. She’s an independent director of Aotearoa Fisheries Ltd.

She has an MBA in innovation & international business from Massey University and attended the Stanford University Graduate School of Business executive programme for growing companies.

Karl Smith.

Mr Smith has been chief executive since July 2008, and was also based in Auckland for the last year. Before joining Gough Group he was chief executive at Crane Distribution NZ Ltd & Invensys Energy Systems (NZ) Ltd and held senior executive roles at PDL Holdings Ltd (as chief operating officer), Progressive Enterprises Ltd (as chief financial officer) and Citibank NA in New Zealand (as vice-president & chief financial officer).

He’s also been an independent director for 16 years, including 10 years for the Crusaders Partnership Ltd rugby franchise. He was a director of Lyttelton Port Co Ltd for 5 years, resigning on 30 September 2016 and joining the board of Ports of Auckland Ltd the next day.

16 February 2018:

Whineray interim head at Super Fund

Matt Whineray.

The board of the Guardians of NZ Superannuation, the manager of the NZ Super Fund, has appointed chief investment officer Matt Whineray as acting chief executive when current chief executive Adrian Orr leaves to take up his new role as governor of the Reserve Bank in March.

Chair Catherine Savage said the fund had a strong & experienced leadership team which would manage the transition and continue the fund’s momentum.

The board issued a request for proposals in January for an executive search firm to run the chief executive recruitment process. Submissions for the search role are still being reviewed. A global search will follow and the board expects the chief executive appointment process to take months.
Mr Whineray will be acting chief executive from mid-March. The general manager of portfolio completion, Mark Fennell, will become acting chief investment officer for the duration of the recruitment process.

Tindal quits troubled CBL without really starting

Sue Tindal.

Insurance & reinsurance company CBL Corp Ltd’s new chief operating officer, Suzanne Tindal, has left the business a fortnight after her start date.

CBL is listed on the NZX & ASX, but trading in its shares was halted on 2 February and it’s been suspended since 8 February following an update indicating it would make a $75-85 million after-tax loss for the year. The company has since had its credit rating downgraded by AM Best, and a review by the Reserve Bank of its reserving for its French construction business. On Wednesday, CBL said it had decided to quit the French business because “the level of estimations & the potential for adjustment presents a disproportionate level of a risk for the wider business of the group”.

CBL announced Ms Tindal’s appointment last November, saying she’d start work on 1 February. Yesterday, the company said: “Due to events taking place that are already known to the market, Suzanne & CBL have agreed to end their employment relationship.”

Ms Tindal left Auckland Council in December after 3 years as group chief financial officer. She also took on a non-executive board role at Mainfreight Ltd at the start of 2017.

After 5 years in corporate lending at the Bank of NZ and 6 years at ASB Bank, where she was commercial regional manager & head of electronic banking, Ms Tindal was a senior executive at a number of other New Zealand entities before moving to Sydney in 2002 as head of sales, service & underwriting for PMI Insurance Co.

She followed that appointment with more senior banking roles at Westpac Institutional Bank, Commonwealth Bank of Australia & BankWest, but returned to New Zealand in 2014 to join PricewaterhouseCoopers as director of consulting.

Opteon adds third NZ valuation business

Australian property valuation & advisory services company Opteon Group Holdings Ltd has expanded its New Zealand business into Queenstown.

Country director Derek Smith said Queenstown was strategically important both to the national economy & Opteon’s growth plans: “Queenstown is one of the country’s hottest property markets. Its strong tourism industry, economic growth & infrastructure development make it an attractive property market and strategic location for us, one we feel has been underserviced by valuation firms to date.”

David Tristram.

Queenstown associate director David Tristram said: “Queenstown’s residential market reached a peak median value of almost $1 million before finishing the year with a 13% increase in median value year-on-year.”

Mr Tristram has relocated from Opteon Perth to head the Queenstown office. He has 10 years’ experience in property & valuation, specialising in commercial & residential.

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

11 February 2018:

Hargreaves quits as JLL managing director

Nick Hargreaves.

JLL NZ managing director Nick Hargreaves announced on Friday he would leave the property consultancy next month after 7 years in the top role.

He said: “I have been pondering the move for a while and, after discussions with my family and knowing the New Zealand team is strong, I thought the time was right to pass the baton. New ideas & a fresh perspective will be great for the business that has acquired so much support from our client base over recent years. In the short term, I am looking forward to spending more time with my family, travelling & getting some fitness back.”

Mr Hargreaves took over in March 2011 as the single chief from a team of 6 from various parts of the real estate consultancy who’d been running the office since Stephen Saul departed in 2009. Mr Hargreaves joined Jones Lang LaSalle in 1987 as a valuer in London and has held senior executive positions in the New Zealand office since 1989, including head of plant & machinery valuation for 6 years, head of ANZ outsourced property solution for 6 years and national director of agency for 7 years.

JLL Australia chief executive Stephen Conry said the company would make an announcement about a new managing director soon.

Andrew Brown to head Tainui property 

Andrew Brown.

Tainui Group Holdings Ltd has promoted Andrew Brown as head of property. Chief executive Chris Joblin said the appointment reflected the key role played by commercial & residential property development in the company’s business investments to grow the long-term prosperity of Waikato-Tainui.

“Andrew has been with the TGH property team since mid-2015 and has built an excellent knowledge of our business, a keen understanding of our property portfolio and strong relationships in the sector,” Mr Joblin said.

Mr Brown has over 27 years of professional property experience in New Zealand, and has also worked in the UK, the US & South-east Asia. Having initially qualified as a valuer, he has also worked in commercial investment sales, leasing and as a consultant. He’s a fellow of the Property Institute and the Royal Institution of Chartered Surveyors and a member of the Institute of Directors.

Mr Brown will report to operations general manager Rob Batters. The company’s current property projects include developing Ruakura, Te Arikinui Pullman hotel (a joint venture with Auckland International Airport Ltd), a 40-room extension at the Novotel Tainui Hamilton hotel and investigation of other major residential & commercial property opportunities in the Waikato & Auckland regions.

2 February 2018:

Church moves to Chow Group

John Church.

Property investor Chow Group Ltd has appointed Bayleys’ commercial real estate national director, John Church, as its chief operating officer.

Brothers John & Michael Chow & Clint Webber listed Chow Group on the NZAX in February 2016 through the reverse takeover of RIS Group Ltd.

The Chows said of Mr Church’s appointment last month: “John’s leadership skills & specialist knowledge in all aspects of property acquisition & development & disposal allow him to play a significant role alongside John & Michael Chow in all of the group’s management & operations. John works closely with all key stakeholders involved in Stonewood Holmes, Inno Capital & the ever-growing group of business interests in the group.”

Mr Church joined Bayleys in 2012 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. He’s a fellow of the Property Institute, a member of the Institute of Directors and an associate of the Real Estate Institute.

Kean takes over Dilworth portfolio management

Justin Kean.

The Dilworth Trust Board has appointed Justin Kean as property portfolio manager, replacing Ian Redshaw, who resigned in late 2017 to spend more time with his family and pursue personal business objectives. Mr Redshaw has his own property consultancy, Frontier Management Ltd.

Mr Kean was asset management director at Unitec’s Wairaka Land Co Ltd for the last 18 months, after 3½ years as director of research & consulting at JLL.

Earlier in his career, he was an analyst at CBRE in Auckland for 6 years and an associate director in research & consulting at JLL for 3½ years before venturing overseas, first as a global real estate portfolio manager for ING Real Estate for 4 years, and then for a year as a portfolio manager for Aberdeen Asset Management based in Amsterdam.

Dilworth chair Jon Wain said: “Mr Kean is an accomplished property strategist who brings global experience across asset consulting, research & funds management, and joins Dilworth at an exciting time in the trust’s growth & development.”

The trust board was established in 1894 by the will of James Dilworth to educate boys from families of limited means. Mr Dilworth left a substantial endowment to fund the operation & development of the school, and today the endowment is about $690 million. Most of the investment assets are commercial & industrial property. The board governs & funds Dilworth School, providing scholarships to over 600 boys who attend school at its 3 campuses in Epsom, Remuera & Mangatawhiri.

Wilton takes on new role to advance Forest Enterprises succession plan

Steve Wilton.

Steve Wilton announced his retirement yesterday as managing director of forest investment syndicator Forest Enterprises Ltd, to take on the new role of special projects director.

In the latest stage of the Masterton-based company’s succession plan, 48% shareholder Mr Wilton is handing the leadership to executives who’ve become directors & hareholders over the last 5 years.

Forestry director Bert Hughes becomes chief executive in addition to his forestry responsibilities. Graeme Tindall has been appointed managed investments director, assuming much of Mr Wilton’s investment-related responsibilities.

Forest Enterprises’ priority is to accelerate the planning necessary to ensure the profitable harvest of its investors’ forests and secure the future for the investments. In his new role, Mr Wilton will be dedicated to the specialist work required to implement these plans over the next 8 months.

He described this as a “triple win” scenario: “This restructure fulfils all my ambitions for the company, as well as for my own retirement, and ensures that our investors’ interests remain the paramount focus, now & into the future.”

Mr Hughes of the changes: “Steve followed company founder Charles Wallis as a pioneer of the retail forestry investment business, and built the Forest Enterprises we have today. Having Steve so focused on our business growth plans is of huge value to us & our clients. He has left us big shoes to fill, but I speak for all the shareholders when I say how confident I am of our plan & our people.”

Mr Wilton has been progressively selling down his shares to senior management. Mr Hughes & Mr Tindall started the process in 2012 by becoming shareholders, followed in 2015 by legal services director Gordon Wong and by forest estate manager Malte Coulmann in 2016. Dan Fraser, Forest Enterprises’ Gisborne regional manager, joins the shareholder group on 1 April.

From 1 October 2018, Mr Wilton will be the non-executive chair of group parent company Forest Enterprises Growth Ltd.

Forest Enterprises was started in 1972. It manages 20,000ha of forests in the Wairarapa, Gisborne & Hawke’s Bay for 7500 investors.

Link: Forest Enterprises

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On the move, December 2017

Surveyors elect first female president
Royal takes over chair, Blair deputy at Ngati Whatua Orakei
Context Architects promotes 5 to associate
Laery off travelling after 4 years heading NAI Harcourts Australasia
Shortt the new ASB Bank chief
Orr moves from Super Fund to Reserve Bank in March
Duke opens own apartments agency
Institute honours Cashmore & Mordaunt

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.

29 December 2017:

Surveyors elect first female president

Rebecca Strang.

The NZ Institute of Surveyors, founded in 1888, finished 2017 by electing its first female president and 2 women to its board. It also honoured 3 members as fellows.

The institute’s new president is Rebecca Strang, who’s been vice-president for 2 years and was involved at branch level and as a leader of the young professionals group.

She’s digital practice leader at global engineering & infrastructure advisory company Aurecon NZ Ltd in Auckland. Her role there is to help the company define the most efficient & consistent way to deliver projects to its clients, and she wants to streamline the way the institute’s council operates.

The new board members are Michelle Bain, a director of Cato Bolam Consultants Ltd & manager of its Orewa office, and Dr Jordan Alexander, who runs her own Wellington-based company, Pangaea Consulting Ltd.

Ross Thurlow.

The 3 new fellows of the institute are Steve Critchlow, managing director of the Wellington firm he founded 26 years ago, Critchlow Ltd; Warren Haynes, a director of Christchurch firm Eliot Sinclair & Partners Ltd; and Ross Thurlow, who set up his own Auckland company, Thurlow Consulting Engineers & Surveyors Ltd, in 1996.

Mr Thurlow is also joint owner of a Christchurch business. He’s been the institute’s engineering examiner for 12 years, and examination chair for 3 of those years.

The young professionals who received awards were:

  • Taryn Martin, New Plymouth, Bogle young surveyor of the year
  • Graeme Crouchley, Christchurch, Maurice Crompton-Smith prize for best set of projects for the professional entrance exam
  • Eymard Carter, Dunedin, Percy Dyett award as best overall land development candidate in the professional entrance exams
  • Heath Dawson, Christchurch, state sector award as highest placed candidate in the cadastral law exam, and
  • Lloyd McGarvey, Christchurch, McRae award for his contribution to the good & benefit of the institute & members.

17 December 2017:

Royal takes over chair, Blair deputy at Ngati Whatua Orakei

Marama Royal.

The Ngati Whatua Orakei Trust has elected Marama Royal as its new chair, replacing Phillip Davis. She’s been on the trust board for 7 years, deputy chair for 2 years.

Ms Royal was born & raised in Orakei and educated at Queen Victoria School in Parnell. She was a district court registrar for 2 years, jurisdictional manager at the Rotorua Family Court for 2 years and worked for Victim Support for 18 years, first as a district manager and then as general manager for Maori, Pacific, ethnic & diverse communities.

She said on her election: “As chair, my focus will be on ensuring our place as mana whenua is protected but also to constantly advocate for our whanau, as they are the central pou of who we are.

“We have a good mix of people on our board, with some new & returning trustees, and along with our strong financial position we have an excellent platform to continue to grow & develop.

“It’s important that we continue to allow our people to realise their dreams & ambitions, and that our work reflects our vision – Kia rere arorangi te kahu pokere ki nga taumata Tiketike – to enable our whanau to soar and fly to the highest heavens.”

Ngati Whatua Orakei recently reported its asset base had grown 84% in 4 years, from $593 million in 2012-13 to $1.09 billion in 2016-17, and equity increased by 102% over those 4 years, from $423.6 million to $854.9 million.

Ngarimu Blair.

The new deputy chair is Ngarimu Blair, who has been a trustee since 2006, and shareholder’s appointee for the iwi commercial development company Ngati Whatua Orakei Whai Rawa Ltd.

He’s been a director of Nga Tira Consulting Ltd for 6 years, founded Pale Blue Dot Community Communications Ltd 2 years ago, and has been on the boards of the National Science Challenge – Building better homes, towns & cities – and the North Harbour Rugby Union for a year.

Mr Blair said he was looking forward to the next phase for the iwi, in its role as a key player in Auckland: “Our position will allow Ngati Whatua Orakei to explore strategic opportunities that will deliver skills & ongoing benefits to our people, and also help solve some of the challenges currently facing our city & communities.

“As a trust, we have been working towards building a good base for our people and we have done this. It is an exciting time for Ngati Whatua Orakei, particularly as we are seeing real gains from decisions made 20 years ago, such as the purchase of Quay Park in Auckland’s cbd.

“Those decisions, and the careful management since, mean we can play a big part in sectors such as housing, which is really pleasing. This includes our recent purchase of Housing NZ land & stock near Orakei Marae, and the development of 30 Kainga Tuatahi homes for Ngati Whatua Orakei whanau.”

The trust’s financial performance in 2016-17 also included total revenue of $50.9 million and $143.3 million pretax profit (including $141 million of investment property revaluation gains). That has enabled the iwi to distribute a range of grants to support its members, including sports grants recognising talent, and kaumatua & kuia grants to help meet core healthcare costs.

Ms Royal said these grants weren’t just investments but were essential for the sustainability of the iwi: “Last year, we allocated more than $338,000 in education grants alone to support our tamariki & rangatahi.

“These funds enable our young people to develop the skills they need to succeed & ultimately contribute to the ongoing development of Ngati Whatua Orakei.

“We are committed to supporting our marae and will make resources available wherever needed. That’s about ensuring we can maintain Orakei as the paramount marae of Tamaki.”

Next year, the trust intends to introduce a whanau health insurance scheme as part of its plans to transform the health of its whanau & iwi. It’s also working on a universal savings scheme for its members, with interest created by investing in tribal businesses.
Link: Annual report & financial statements

Context Architects promotes 5 to associate

Context Architects Ltd has promoted 5 staff to associate in its mission to be the best architects to work with in the country. Director & managing principal Stephen Voyle said: “The new associates will help ensure excellent client experiences for Context’s customers and manage all aspects of projects to make sure they run on time & budget.

Operating nationally from offices in Auckland & Christchurch, the 63-person practice has grown by 7 people this year, after doubling the size & turnover of the business between 2014 & 2016. Recent new appoints include architects, interior designers, a business development manager and even a gamer-turned-virtual reality specialist.

Mr Voyle said: “The appointments & promotions reflect the growth & development of our people & the business. We’ve seen particular growth in housing, hospitality & retail this year, as well as exponentially increasing our use of virtual & augmented reality to design & consult.

“More major clients have come on board and we’re delighted others have chosen to grow their relationship with us. Many are drawn by our innovation in digital architecture, which makes the design process more collaborative and delivers better design.”

Context’s South Island team has moved to a new office in Christchurch’s innovation precinct, and the whole practice has a new brand that reflects the business’ focus.

Context Architects’ 5 new associates (left to right): Alex Petersen, Craig Birch, Dasha Tarasova, Madeline Sharpe & Rachel Venables.

Mr Voyle said the 5 newly created associates – Alex Petersen, Craig Birch, Dasha Tarasova, Madeline Sharpe & Rachel Venables – would provide a primary point of call for clients and co-ordinate projects to make them run efficiently & achieve strong results: “It will also encourage more creative & technical excellence as team members focus on particular roles.”

Project lead & interiors specialist Alex Petersen manages nationwide fitout for national retail brands. Architect & green star sustainability expert Craig Birch leads remediation projects to add value to buildings through design.

Architect Dasha Tarasova leads teams on large residential developments, while Madeline Sharpe creates masterplans for largescale developments that sensitively deliver on community & financial aspirations. Next year she will lead a series of national hospitality & tourism projects. And Institute of Architects fellow Rachel Venables is driving innovation in design & consents to improve the efficiency & performance of housing developments and improve time to market.

Mr Voyle said: “We’re delighted to recognise the contribution that our newly promoted associates make to our clients, the business & their colleagues. We are determined to produce thoughtful design that makes a visible & positive difference to clients & communities. The new associates will help us do that.”

Laery off travelling after 4 years heading NAI Harcourts Australasia

Richard Laery

Richard Laery finishes his 4-year stint as NAI Harcourts’ chief executive for Australasia this week and is planning an 8-month break.

After 12 years as a senior sales & leasing broker for Bayleys, including 2 years setting up & running its office in Fiji, Mr Laery joined NAI Harcourts in 2011 to establish the then-new commercial real estate operation as its general manager for New Zealand. He moved to Brisbane at the end of 2013 to take on the Australasian role and has spent the last 3 years growing the Australian side of the business from 3 locations in 2014 to 25 now (it has 60 in New Zealand).

NAI Harcourts is a joint venture between California-based NAI Global & Harcourts International Ltd. In New Zealand, it’s the brand for commercial real estate & business broking services previously provided under the Harcourts Commercial brand.

“The last 7 years have been life-changing & an incredible journey,” Mr Laery said. “Looking back at what has been achieved, I am very proud & humbled to have played a part. From the launching of NAI Harcourts into the commercial property market in New Zealand, creating a national property portfolio called Key Assets to working with an amazing group of commercial & business brokers in New Zealand & Australia. Co-writing and creating a 100-page commercial training & business brokers’ textbooks, running international conference sessions & main stage presentations in New Zealand, Australia & the US at international conferences. Winning an NAI global business of the year award. Then turning NAI Harcourts around in Australia has been very challenging but an amazing experience.”

After a month in New Zealand, he, wife Susie & their 3 young children are heading off for a 6-month RV trip around the US & Canada: “Changing times and time to reset and get family back into my life,” he said.

Shortt the new ASB Bank chief

Vittoria Shortt.

ASB Bank Ltd’s board has appointed parent company Commonwealth Bank of Australia’s group marketing & strategy executive, Vittoria Shortt, as ASB chief executive.

Ms Shortt succeeds Barbara Chapman, who’s held the job since 2011, and will join ASB in early February.

Ms Shortt joined the CBA Group in 2002 and has held a number of senior roles in both CBA & Bankwest, including customer-facing, operations & strategy leadership roles. As group marketing & strategy executive since March 2015, she reported directly to chief executive Ian Narev.

Mr Narev said: “Vittoria’s breadth of operating & functional experience during more than 15 years with the CBA Group shows our commitment to developing high calibre leaders. She has consistently demonstrated excellent values and delivered high quality results.”

Ms Shortt holds a Bachelor of Management Studies majoring in accounting & finance from Waikato University and is a chartered accountant. Earlier in her career she worked on mergers & acquisitions for Deloitte & Carter Holt Harvey Ltd.

Orr moves from Super Fund to Reserve Bank in March

Adrian Orr.

Adrian Orr was named on 11 December as the next Reserve Bank governor, taking over the reins from acting governor Grant Spencer on 27 March.

Mr Spencer was appointed acting governor for 6 months from the end of September following the retirement of Graeme Wheeler, whose term expired in September.

Finance Minister Grant Robertson said he would sign a policy targets agreement with Mr Orr in March, before he takes up his appointment.

“The Government announced a review of the Reserve Bank Act in November. The work on the first phase of the review, dealing with the objectives & decision-making processes and role of the board, will be substantively completed by the end of March.

“While it will not be possible to pass legislation to amend the act to reflect any changes from the review before the policy targets agreement is signed in March, we will ensure that the new agreement is developed in a manner consistent with the direction of reform.

“If necessary, the agreement will be revised again after the act has been amended to reflect any changes from the review that cannot be reflected within the provisions of the current act.”

Mr Orr has been chief executive of the NZ Superannuation Fund since 2007. For the previous 4 years he was deputy governor & head of financial stability at the Reserve Bank. He was chief economist at Westpac in New Zealand from 2000-03, and chief manager of the Reserve Bank’s economics department from 1997-2000. Before that, he held roles at the National Bank of NZ, Treasury, the OECD and the NZ Institute of Economic Research.

The $37 billion super fund has returned 10.5%/year since inception (after costs, before NZ tax). Over the last 5 years it has returned 16.2%/year.

10 December 2017:

Hamish Duke.

Duke opens own apartments agency

Apartment specialist Hamish Duke has launched his own agency, Viaduct City Apartments Ltd, and taken another member of Bayleys’ apartments city living team, Carl Russell, with him.

In his 14-year career, Mr Duke said he’d gained an unparalleled knowledge of property values in Auckland’s Viaduct & central business district.

Carl Russell.

Mr Russell has been in sales for 10 years, including a year co-ordinating sales for Sealegs International Ltd, another year at Yachtfinders Global Ltd and 2 years in apartment sales for Bayleys. He’s also held a Mr Whippy franchise for 4 years.

Link: Viaduct City Apartments

4 December 2017:

Institute honours Cashmore & Mordaunt

2 agency owners, Richard Cashmore of Tauranga & Tim Mordaunt of Palmerston North, have been made life members of the Real Estate Institute.

Both were involved in the founding, in 1995, of NZ Realtors Network Ltd by the heads of 4 multi-branch independent agencies.

Mr Mordaunt, of Property Brokers Ltd, remains involved with the network. Mr Cashmore, became a director of Eves Realty Ltd in 1990 and started the Bayleys franchise in the Bay of Plenty. Eves spread to the Waikato, and both Eves & the Bayleys network in which Mr Cashmore has an interest are owned by Realty Services Holdings Ltd.

Mr Cashmore, who received a Queen’s Service Medal in the 2014 New Year’s honours, chairs Realty Services Holdings Limited and has been involved in the real estate industry in the Bay of Plenty for 40 years. The group now has 17 offices and has spread to Taranaki.

Mr Mordaunt founded Property Brokers with one office in Palmerston North and has grown it to 39 offices around the country. He’s a registered public valuer, has chaired NZ Realtors Network, has held various industry leading roles and was made an officer of the NZ Order of Merit in 2004.

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On the move, November 2017

Stringer to run CBRE’s NZ business
Zöllner replaces Bagrie as ANZ chief economist
Kaipara mayoralty nominations open
Batistich made partner at Kensington Swan
Kennedy joins Panuku board
Yellen resigns from Fed
Lovatt to head development at Auckland Airport
Boyle quits Steel & Tube for consultancy
McNally moves from NZME to SkyCity
Crockett quits Fletcher Building for consultancy role
e-Spatial joins T2 in Harrison Grierson fold
Barfoots appoints marketing officer
Don Ha to join RE/Max
PC Realty launched
Powell set to hold the Fed line
Top manager goes in Metro Glass restructure
Bayleys appoints Bhana as central & west industrial manager

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.

28 November 2017:

Stringer to run CBRE’s NZ business

Andrew Stringer.

CBRE Ltd has appointed Andrew Stringer to take over as senior managing director of its New Zealand business from Brent McGregor, who was appointed in September to a newly created role of country executive chair.

Mr McGregor’s focus will be on strengthening CBRE’s client relationships & capital markets platform.

Mr Stringer will assume the New Zealand leadership position on 1 January and will also continue as managing director of CBRE’s Auckland office.

CBRE’s Pacific president & chief executive, Ray Pittman, said: “With over 20 years of commercial real estate experience at a senior management level, Andrew has held executive roles with leading New Zealand companies Kiwi Income Property Trust (now Kiwi Property Group) & Precinct Properties – giving him a strong client-side perspective, which will assist in driving our strategy & future growth ambitions.”

To assist Mr Stringer, Campbell Stewart will take on an expanded role as national director of business strategy. Mr Stewart will also continue in his role as national director of valuation & advisory services.

Zöllner replaces Bagrie as ANZ chief economist

The ANZ Banking Group Ltd has appointed Sharon Zöllner to replace Cameron Bagrie as its chief economist in New Zealand.

Ms Zöllner started her career as a macro-economist at the Reserve Bank in 1998, also worked at the Central Bank of Norway and joined ANZ’s economics team in 2010. In2012, she created the ANZ Truckometer, a set of 2 economic indicators derived using traffic volume data from around the country. She has a particular interest in big data & machine learning and its potential applications in macro-economics.

Ms Zöllner holds MCom & BA degrees in economics from Canterbury University. She’s also completed an online machine learning engineering nanodegree from Udacity.

Mr Bagrie, the bank’s chief economist in New Zealand for 10 years, resigned at the start of October and says on his LinkedIn page he’s “having a wee break”.

26 November 2017:

Kaipara mayoralty nominations open

Nominations opened on Friday for mayor of the Kaipara District, a vacancy caused when Greg Gent resigned from the job on 9 October, one year into the 3-year term.

Nominations close at noon on Friday 22 December and the by-election will be held by postal vote on Saturday 17 February 2018, under the single transferable voting electoral system.

Earlier stories:
11 October 2017: Kaipara election dates set
Kaipara mayor resigns after a year

Batistich made partner at Kensington Swan

Law firm Kensington Swan has promoted Marija Batistich to partner with effect from 1 January, just under a year since she joined the firm. Employment lawyer Charlotte Parkhill has also been promoted to partner from 1 January. Their appointments take the number of female partners at the firm to 10, representing over 30% of the partnership.

Marija Batistich.

Marija Batistich, a resource management & environmental lawyer, moved from Bell Gully to Kensington Swan’s environment & planning team in Auckland in January this year as special counsel. She spent 11 years at Bell Gully, where she was a senior associate, 5 years before that in London and her first 4 years in law at Russell McVeagh and Simpson Grierson.

She’s a specialist in consenting major infrastructure, having worked on some of Auckland’s most important transport & other place-shaping projects. She also has expertise in public law & liquor licensing. She’s a past member of the Auckland committee of the Resource Management Law Association and is a member of the Auckland Women Lawyers Association.

Kensington Swan chief executive Charles Spillane said in January Ms Batistich’s appointment was part of a wider commitment to provide excellent service to its infrastructure & commercial clients, particularly in the area of environment & planning. She will be working alongside partners Christina Sheard (Auckland) & Nicky McIndoe (Wellington), and senior associates Natalie Amos (Auckland), Frances Wedde (Wellington) & Ezekiel Hudspith (Wellington) to lead the specialist team.

Charlotte Parkhill.

Ms Parkhill joins Michael O’Brien & Greg Cain in leading the national employment team. She joined Kensington Swan in 2011 and has 14 years’ experience specialising in employment law, including 4 years in London, as well as experience as a criminal prosecutor.

22 November 2017:

Kennedy joins Panuku board

Auckland Council has appointed property executive & company director David Kennedy to the board of its urban regeneration agency, Panuku Development Auckland, for a 3-year term from 1 November. Anne Blackburn & Evan Davies have retired from the Panuku board.

The council’s appointments & performance review committee approved Mr Kennedy’s appointment at its 27 October meeting and it was confirmed this week.

Auckland mayor Phil Goff, who chairs the committee, said: “Mr Kennedy brings strong governance, strategic & operational experience to the board of Panuku. As well as having significant commercial experience in the property & entertainment industries, David’s political & community engagement work with Ngai Tahu Property and Eden Park Trust will be beneficial to Panuku as it shapes how our communities & our city grow.

“Panuku plays a vital role in Auckland, rejuvenating town centres & shared spaces for communities across the region and delivering commercial outcomes for the council.”

Mr Kennedy was appointed general manager of Ngai Tahu Property Ltd’s new Auckland office in 2015, and subsequently chief executive of the company, which is the property development & investment arm of Ngai Tahu Group. That followed 5 years at the Eden Park Trust Board, 8 years at Sky City Entertainment Group Ltd, including roles as general manager of operations, public policy & corporate strategy, and before that a career at St Lukes Group Ltd, where he was managing director, and Westfield NZ Ltd. Mr Kennedy has also been a director of Ngai Tahu Property since 2009. He’s a town planning & management graduate from Auckland University.

Yellen resigns from Fed

US Federal Reserve chair Janet Yellen, 71, will step down as a member of the board of governors when her successor, Jay (Jerome) Powell, 64, is sworn in on 3 February 2018. She submitted her resignation on Monday.

President Obama appointed her to the board for an unexpired term ending 31 January 2024, and she’d previously been a board member from 1994-97. Dr Yellen has been a faculty member at the University of California at Berkeley since 1980.

Lovatt to head development at Auckland Airport

Auckland International Airport Ltd has appointed Andre Lovatt as its new airport development & delivery general manager, starting in February.

He’ll be responsible for leading the airport’s infrastructure development & delivery team, focusing on the implementation of the company’s 30-year vision to build a world-class airport.

Chief executive Adrian Littlewood said on Monday: “Andre brings 19 years’ experience in managing major infrastructure projects across the Asia Pacific region. Over the past 5 years he has been based in Christchurch and has played a pivotal role in the city’s redevelopment, including as chair of Regenerate Christchurch & chief executive of the Christchurch Arts Centre.

“He also has experience in the aviation sector, having acted as a director of Christchurch Airport since 2014.”

He led the Singapore office of global consulting engineering firm Arup for 6 years and was involved in a wide range of infrastructure projects, including the Marina Bay Sands development & Singapore Sports Hub.

Mr Lovatt has a master of engineering (civil engineering) degree from Canterbury University and master of business administration degree from the National University of Singapore.

19 November 2017:

Boyle quits Steel & Tube for consultancy

Dennis Boyle.

Steel & Tube Holdings Ltd said on Friday its supply chain general manager, Dennis Boyle, had resigned, effective 31 December, to move into supply chain consultancy.

Interim chief executive Mark Malpass said Mr Boyle, who joined Steel & Tube 7 years ago, had strengthened the supply chain initiatives and had had significant involvement in the growth of the company through acquisitions.

For the previous 11 years, Mr Boyle was logistics manager at US pharmaceutical company Schering-Plough’s Upper Hutt vaccine manufacturing plant, after 3 years at paint manufacturer Dulux (NZ) Ltd.

McNally moves from NZME to SkyCity

Liza McNally.

SkyCity Entertainment Group Ltd has appointed Liza McNally to the newly created role of chief marketing officer, effective 22 January.

Ms McNally has over 20 years’ experience in marketing brands in New Zealand & Australia, with an emphasis on media & the entertainment sector. She’s chief marketing officer for NZME Ltd, where she was responsible for the launch & rollout of the NZME brand, the marketing management of over 30 digital, radio & publishing brands and managing the ongoing brand evolution of NZME after the merger of APN News & Media :td with The Radio Network Ltd.

Before joining NZME in 2014, Ms McNally managed Spark NZ Ltd’s retail media strategy through the transition from The Telecom Corp of NZ Ltd, held various senior roles at Nationwide News Pty Ltd & News Corp Australia and ran her own consulting firm in Sydney.

Crockett quits Fletcher Building for consultancy role

Matt Crockett.

Fletcher Building Ltd said on Friday the chief executive of its building products division, Matt Crockett, had resigned from the company’s executive team to join a global consulting firm in a senior advisory role starting in February.

Mr Crockett joined Fletcher Building in 2015, and interim chief executive Francisco Irazusta said he’d built a strong leadership team which had returned the building products division to earnings growth.

Mr Irazusta said Mr Crockett would focus on business transformation, strategy & digital enablement, continuing to work with leading companies in the areas he’s most passionate about.

Mr Crockett graduated from Curtin University in Perth in 1991 with a bachelor of engineering degree (first-class honours) in mining engineering, spent the next 3 years in the mining industry in Australia then went to Oxford University for 3 years on a Rhodes scholarship, leaving in 1996 with a masters in philosophy, majoring in finance & organisational behaviour.

He spent the next 6 years as an associate principal at McKinsey & Co, then joined Telecom NZ Ltd in 2003 as head of market strategy, and led its wired, wholesale & international businesses and the investment in Southern Cross Cable Networks through to 2011, when he joined APN News & Media, holding several senior executive roles.

In 2013 he returned to Telecom (by then Spark NZ Ltd) as chief turnaround officer for the 2 years before he moved to Fletcher.

e-Spatial joins T2 in Harrison Grierson fold

Engineering & design consultancy Harrison Grierson Holdings Ltd has followed up its February merger with Traffic & Transportation Engineers Ltd (T2, owned by David Mitchell & Pravin Dayaram), merging this week with Wellington-based e-Spatial Ltd (Simon Jellie).

To bring T2 into its fold, Harrison Grierson formed a new business unit called HGT2. This time, it’s formed a standalone business unit called ‘e-Spatial, a Harrison Grierson company.’

Harrison Grierson employs 350 people in 8 offices and in 4 key market sectors – land & buildings, water & the environment, utilities and transport. e-Spatial adds spatial consulting, solution development, data management & technology.

14 November 2017:

Barfoots appoints marketing officer

Chris Andersen.

Barfoot & Thompson has appointed Chris Andersen as chief marketing officer, based at the company’s head office in Auckland.

His role is to oversee all facets of the business’s brand & marketing, including advertising, digital channels & sponsorships as well as collateral delivered through 74 Barfoot & Thompson branches around Auckland & Northland.

Managing director Peter Thompson said today: “Chris brings both a diverse marketing background & specialist experience in digital content & sales that will be invaluable to the business & our clients.”

Mr Andersen was global ecommerce manager at Sistema Plastics Ltd for the last year, digital sales manager at ASB Bank Ltd for the previous 17 months and Office Depot (NZ) Ltd’s marketing manager for the 5 years before that.

13 November 2017:

Don Ha to join RE/Max

Don Ha.

7 years on from founding Don Ha Real Estate as an independent brand, Don Ha has decided to join a chain. His agency will become part of RE/Max from New Year’s Day.

“Our new trade name will be RE/Max Revolution and we will be relocating our office from Manukau cbd to 328 Great South Rd, Papatoetoe.” He said the 1000m² of office space & 60 parking spaces were enough for 100 agents, with a large space for property investment seminars & other community-focused initiatives.

“My business is national & international project marketing, and residential real estate & commercial property sales. Partnering with RE/Max is part of future-proofing my business.

“We are expanding, we are recruiting, and we are getting everything in place now to start the New Year with a whole new energy.

“I want my agents’ business to grow, but I take the more holistic approach through their professional & personal development, showing them not just how to build wealth but how to manage it as well, for example.

“I prefer to see my agents earning more than me, because these are the agents who want to stay on my team.”

Mr Ha said he was serious about providing career paths, through formal traineeships and regular mentoring & training seminars, and many of his agents had been on the team for over 13 years: “My agents become ambassadors for the business, my business ‘bodyguards’.”

RE/Max NZ managing director Michael Davoren welcomed Mr Ha as a broker owner who matched the global brand’s core beliefs & values: “We are excited to have business owners & agents the calibre of Don & his team.

“Choosing RE/Max was a very serious decision for Don, and was based on the opportunity it will give him to take his business to a totally different level through international exposure and to forge ahead into new market places, both geographical & demographical.

“He sees an opportunity to build his business in many ways that may not have been possible with other big name real estate networks.”

For both men, the marrying of philosophies was just as evident. Mr Davoren said: “Don is in sync with Dave Liniger, who founded RE/Max in 1973. They both seek the innovative, entrepreneurial culture that gives agents independence & flexibility to grow their own thriving businesses, and he aligns with the RE/Max passion for the communities in which our agents live & work.”

Mr Davoren explained RE/Max’s commitment to pioneering technology, researching & implementing new ways of doing business more effectively & efficiently for its individual business owners: “In doing so, we meet the need of a constantly evolving real estate industry. Compared with other franchise groups, RE/Max has grown globally in a reasonably short time to a network of well over 115,000 agents, and is selling more real estate than anyone else. A significant concentration of that growth over recent years has been through the 18 regions to date that make up RE/Max Asia Pacific.

“We have grown because we are youthful & nimble, because we have been able to be receptive to innovation, technology & market concepts and, most importantly, because the RE/Max culture is modern, agile & appealing.”

5 November 2017:

PC Realty launched

A group of Auckland real estate agents incorporated a new agency, PC Realty Ltd, on 4 October. Its owners are Jonathan Polglase, Josh & Yolanda de Jong, Simon Aldridge, Rachael Collier & John Dorking of the Gardens Realty Group Ltd, & lawyer Grant Sai Cheung Kwok Sidnam. It’s fronted by former Bayleys agents Simon Aldridge & David Huang.

Link: PC Realty

Powell set to hold the Fed line

Incoming Fed chair Jay Powell.

Jay (Jerome) Powell, 64, will replace Janet Yellen as US Federal Reserve chair in February, assuming the Senate approves his nomination by President Trump. He became a Fed governor in 2012, filling an unexpired term, and was reappointed in 2014 for a term ending in January 2028.

Accepting the nomination, Mr Powell maintained the unreality of Fed policy, saying: “In the years since the global financial crisis ended, our economy has made substantial progress toward full recovery. By many measures we are close to full employment, and inflation has gradually moved up toward our target.

“Our financial system is without doubt far stronger & more resilient than it was before the crisis. Our banks have much higher capital & liquidity, are more aware of the risks they run, and are better able to manage those risks. While post-crisis improvements in regulation & supervision have helped us to achieve these gains, I will continue to work with my colleagues to ensure that the Federal Reserve remains vigilant & prepared to respond to changes in markets & evolving risks.”

London Telegraph economics correspondent Anna Isaac wrote last Tuesday: “In selecting Mr Powell, the president would have either moved away from his deregulation agenda or revealed that he believes the Fed will not have sufficient clout to impede its progress.”

Mr Powell comes from both government roles & Wall St. He graduated with an AB degree in politics from Princeton University in 1975 and followed up with a law degree from Georgetown University in 1979. At Georgetown, he was also editor-in-chief of the Georgetown Law Journal, and for the next 4 years he practised law.

In 1984 he became an investment banker at Dillon Read & Co, which later become part of UBS, and joined the US Treasury in 1990, first as an assistant secretary and later as an undersecretary. According to Bloomberg, he helped restructure bond auctions when Salomon Brothers went through its Treasury bond scandal.

In 1993, Mr Powell joined Bankers Trust as a managing director, but quit 2 years later after several of the bank’s customers suffered large losses due to derivatives, and he returned to Dillon Read.

In 1997, he joined private equity giant the Carlyle Group as a partner, founded the industry group within its US buyout fund and stayed with the group until 2005.

His next step was to found Severn Capital Partners, a private investment firm focused on specialty finance & opportunistic investments in the industrial sector. Then, in 2008, Mr Powell became a managing partner of the Global Environment Fund, a private equity & venture capital firm that investments in sustainable energy.

From 2010-12, Mr Powell was a visiting scholar at a Washington think tank, the Bipartisan Policy Centre, where he worked on getting Congress to raise the US debt ceiling.

Mr Powell was an assistant secretary and, as Undersecretary of the Treasury under President George Bush senior, had responsibility for policy on financial institutions, the Treasury debt market & related areas.

In addition to service on corporate boards, Mr Powell has served on the boards of charitable and educational institutions, including the Bendheim Centre for Finance at Princeton University and The Nature Conservancy of Washington DC & Maryland.

Top manager goes in Metro Glass restructure

Metro Performance Glass Ltd’s North Island general manager, Dean Brown, will leave the company with effect from 7 December to pursue other opportunities. Chief executive Nigel Rigby thanked Mr Brown for his contribution over the last 2½ years, and commented: “The company is focused on growing its management bench strength & execution capabilities, and as part of this promoted 3 managers to the New Zealand senior leadership team earlier this year. The North Island regional general manager position (Mr Brown’s role) will not be filled going forward, with these responsibilities being redistributed on a functional basis within the expanded senior leadership team.”

Before joining Metro Glass, Mr Brown was northern regional manager for Transpacific Industries Ltd for 4 years and Waste Management NZ Ltd’s upper North Island general manager for 2½ years.

He graduated from AUT (Auckland University of Technology) in 1992 with a sales & marketing diploma, followed that up with a diploma in business (new ventures) from Auckland University in 1997 and an MBA from Auckland University in 2007.

From 1996-2008, he was a business unit manager at Paykel Engineering Supplies, general manager of commercial furniture manufacturer & direct seller Bourneville Group, and finally NZ general manager for Heatcraft Worldwide Refrigeration.

Sunil Bhana.

1 November 2017:

Bayleys appoints Bhana as central & west industrial manager

Bayleys Real Estate has appointed Sunil Bhana as its industrial manager for central & west Auckland. Mr Bhana joined Bayleys in 2001 after completing BCom & BProp degrees at Auckland University, and initially focused on the Penrose & Mt Wellington industrial sales & leasing markets.

He’s continued to service the South Auckland Industrial market as he expanded his work into other commercial, industrial & special projects throughout New Zealand.

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On the move, October 2017

Rob McLeod joins Port of Tauranga board
Hawkins chief to chair Green Building Council
Key to replace Judge as ANZ Bank NZ chair
Trump’s first Fed nominee sworn in
Barlow quits Cigna & Methven boards to focus on Australian job
Steel & Tube names new distribution manager
Binns to join Auckland Airport board
Glassons replaces Humphries with 2 chiefs
Buchan appoints 3 associates
Steel & Tube distribution manager resigns
Steel & Tube adds another director
ASB chief executive signals departure
Council names 3 new directors of Ateed & Watercare

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 2017:

Rob McLeod joins Port of Tauranga board

Former Ernst & Young accountancy firm chair Rob McLeod joins the Port of Tauranga Ltd board today, replacing Quayside Holdings Ltd representative Michael Smith. Mr Smith, a Tauranga lawyer, chairs Quayside, which is 90% owned by the Bay of Plenty Regional Council, and has represented it on the Port board for 16 years.

Mr McLeod was appointed to the Quayside board last November. A tax specialist at Ernst & Young, he rose to become its New Zealand managing partner & later chair, Australasian managing partner and Oceania chief executive & managing partner. He’s a director of NZX-listed Sanford Ltd, is a former director of ANZ Bank NZ Ltd, Tainui Group Holdings Ltd, SkyCity Entertainment Group Ltd & Telecom Corp NZ Ltd, a former chair of Aotearoa Fisheries Ltd and the Sealord Group and a commissioner of the Waitangi Fisheries Commission. He’s also chaired the NZ Business Roundtable and was on the board of the NZ Initiative Ltd.

25 October 2017:

Hawkins chief to chair Green Building Council

Gary Walker.

Hawkins Construction Ltd executive general manager Gary Walker was elected as chair of the NZ Green Building Council last week, replacing Mary Jane Daly, who’s stayed on the board.

Mr Walker, from Scotland but now an Aucklander, has worked on major construction projects in New Zealand, Australia, the UK, Europe & Africa. He has over 30 years’ experience in the industry and is passionate about sustainability.

After the board meeting he said: “We have an opportunity now to create homes & workplaces that put people at their heart. New Zealanders should be living in dry, warm homes and working in efficient, productive, safe buildings. That’s the vision of the NZ Green Building Council, and I’m looking forward to doing all I can to help realise it.”

18 October 2017:

Key to replace Judge as ANZ Bank NZ chair

Sir John Key.

Former prime minister Sir John Key will take over from John Judge in January as chair of the ANZ Banking Group Ltd’s New Zealand board.

Mr Judge joined the board of ANZ Bank NZ Ltd in December 2008 and has been chair since June 2012. Sir John joined the board today.

Group chair David Gonski paid tribute to Mr Judge: “John Judge’s tenure has overseen significant change in the ANZ NZ business. The National Bank & ANZ brands & technology systems were successfully merged in 2012 and the business has grown significantly. ANZ NZ now has the biggest market share for home loans, deposits, credit cards & KiwiSaver, and is leading the way with digital services.”

Welcoming Sir John, Mr Gonski said: “Sir John Key’s strong international career in banking and his understanding of and contacts across the Asia-Pacific – where many Australian & New Zealand companies are increasingly trading – will add great value to the governance of ANZ.”

A Canterbury University graduate, Sir John started his career in banking & finance in New Zealand before heading overseas, where he became Merrill Lynch’s head of global foreign exchange. He was also made a member of the foreign exchange committee of the Federal Reserve Bank of New York. Sir John was the member of Parliament for Helensville from 2002 and prime minister from 2008-16, when he announced he would retire from politics. He was made a knight grand companion of the NZ Order of Merit in the 2017 Queen’s Birthday honours, and also received Australia’s highest honour this year, becoming a companion of the Order of Australia for advancing the Australia-New Zealand bilateral relationship.

15 October 2017:

Trump’s first Fed nominee sworn in

Randal Quarles.

US President Donald Trump’s first nominee as a Federal Reserve governor, Randal Quarles (60), was sworn in on Friday, a week after the Senate confirmed his nomination. He fills an unexpired term ending on 31 January 2018, and will also be vice-chair for supervision for a full 4 years from Friday.

His predecessor in the supervision chair, Daniel Tarullo, resigned in February, taking vacancies on the board to 3. Board chair Janet Yellen’s term as board chair ends on 3 February 2018. Her 14-year term as a board member runs until 31 January 2024.

Among the quirks of Fed appointments, Mr Quarles says he’s from Colorado, where he lived until he was 8, although he lives & has run businesses based in Utah. This matters, because Mrs Yellen represents the central bank’s 12th district, comprising 9 western states plus Hawaii and including Utah, and a rule introduced in 1913 precludes 2 people from the same region serving on the Fed board. Neighbouring state Colorado handily falls into the 10th district.

Mr Quarles’ formidable career spans government treasury, the IMF, private legal practice & corporate business.

He studied philosophy & economics at Columbia University and graduated from the Yale Law School in 1984 with a law degree.

He had jobs in the US Treasury from 1991-93, was US executive director of the International Monetary Fund for 9 months in 2001-02, and he was a Treasury under-secretary & assistant secretary from 2002-06, which included being policy chair of the US Committee on Foreign Investment.

He was first an associate, later a partner at Wall St law firm Davis, Polk & Wardwell LLP’s New York & London offices before & between Treasury jobs.

According to a Wikipedia entry, at the IMF Mr Quarles represented the US in negotiations over the IMF’s response to financial crises in Argentina & Turkey and on near-defaults in Brazil & Uruguay, and chaired the international working group that led to changes in the terms of sovereign debt finance that now permit collective action by creditors in such crises.

In addition, he initiated a regular dialogue with the European Union on financial regulation, represented the US at the Financial Stability Forum and negotiated the debt relief agreement for the world’s poorest countries reached at G7 meetings in 2005.

Mr Quarles was an executive at Washington-based private equity firm The Carlyle Group LP in 2008 when, according to a Reuters article in July, he was in a team that invested in banks hit by the global financial crisis – investments which Reuters said earned Carlyle hundreds of millions of dollars and wouldn’t have been possible without Government support.

Mr Trump has already appointed as commerce secretary Wilbur Ross, whose company invested alongside Carlyle in one of those bank bailouts.

Mr Quarles was at Carlyle for 6½ years before co-founding another private equity firm, The Cynosure Group LLC, in Salt Lake City in 2014.

Links:
Salt Lake Tribune, 3 October 2017: Why a federal nominee who lives and works in Utah insists that he’s from Colorado
Wikipedia entry
Reuters, 13 July 2017: Trump’s Fed nominee has history of benefiting from bailouts

13 October 2017:

Barlow quits Cigna & Methven boards to focus on Australian job

Norah Barlow.

Norah Barlow resigned on Wednesday as a director of Methven Ltd, effective at the close of the annual meeting to be held on 1 November. Mrs Barlow was appointed in January 2015 and took over as chair of the audit & risk committee in July 2015. But she was appointed chief executive & executive director of Australian aged-care company Estia Health Ltd in September 2016 and found it necessary to reduce her directorship commitments.

She also resigned from the board of Cigna Life Insurance NZ Ltd on 30 September.

Mrs Barlow was involved in New Zealand retirement village company Summerset Group Holdings Ltd from its inception in 1997 and led the company from 2001, taking it from a small family business to New Zealand’s third largest retirement village operator & second largest developer.

She retired as Summerset’s managing director & chief executive in April 2014, but stayed on its board for another 2 years.

She’s a chartered accountant, director of Evolve Education Group Ltd, a member of the National Advisory Council on the Employment of Women, was president of the Retirement Villages Association (NZ) for 7 years and made an Officer of the NZ Order of Merit for services to business in 2014.

11 October 2017:

Steel & Tube names new distribution manager

Marc Hainen.

Steel & Tube Holdings Ltd has appointed Marc Hainen as distribution general manager based in Auckland. The new position combines distribution with the marketing general manager’s position. Former distribution general manager, Phil Abraham, resigned last week.

Interim chief executive Mark Malpass said the company expected the combined role to lead to a closer connection with customers, and also cost savings, reducing corporate overheads.

Mr Malpass said: “Marc brings significant experience in the steel & construction industry in New Zealand. He has an outstanding breadth & depth of experience in sales & marketing management, operations & manufacturing as well as logistics & supply chain.”

Mr Hainen has held a variety of management & leadership roles in New Zealand, Australia & the UK over the last 20 years, including multiple roles leading a variety of divisions at Fletcher Building Ltd. Those roles have included general manager of steel distribution with Fletcher Easysteel/REO/Cyclone wire, Tradelink’s general manager of Australian distribution operations, sales & marketing, and Firth Industries’ chief operating officer for the north & regional manager for the south.

More recently, Mr Hainen was Metecno Pty Ltd’s (trading as Bondor Australia) general manager for Queensland & the Northern Territory, based in Brisbane. It’s Australia’s largest manufacturer & installer of insulated panel. Mr Hainen holds a bachelor of business degree from Massey University and a post-graduate diploma in business from Auckland University.

Mr Malpass said he was very confident that Mr Hainen’s strong people skills & experiences, in particular the transformation of the Fletcher Easysteel/REO/Cyclone wire business under his watch, would add significant value to Steel & Tube’s business.

Mr Hainen will relocate from Australia in the first week of November.

Binns to join Auckland Airport board

Mark Binns.

Auckland International Airport Ltd said on Monday Mark Binns would join its board on 1 April 2018. His appointment would go to the subsequent annual meeting for approval.

Mr Binns will fill a vacancy created by Michelle Guthrie’s decision to step down as a director on 31 March 2018 to focus on her role as managing director of the Australian Broadcasting Corp. Auckland Airport chair Sir Henry van der Heyden said Ms Guthrie had contributed knowledge & experience in relation to digital channels & Asian market development in her 4 years on the board.

“Mark’s successful career, including at Fletcher Building, has seen him closely involved in many of New Zealand’s largest infrastructure projects. He also brings to this governance role the experience of being a chief executive at Meridian Energy.”

Mr Binns’ first job after graduating from Auckland University with a law degree was as a lawyer at Simpson Grierson in Auckland, where he became a partner before moving in 1989 to his first role at the Fletcher Challenge Group, as general manager of Challenge Properties Ltd. In 1992 he moved to Fletcher Construction as general manager for New Zealand & the South Pacific, and he headed Fletcher Building’s Christchurch rebuild team immediately after the 2011 earthquakes.

He quit the Fletcher Building group at the end of 2011, when he was considered a likely contender for group chief executive, but missed out when laminates & panels division chief executive Mark Adamson was appointed to the top job.

Mr Binns said in June he’d retire as chief executive of Meridian Energy Ltd in December, after 5 years there. Retirement village developer & operator Metlifecare Ltd appointed him as an independent director in July, effective 1 August.

On the airport role, he said: “Auckland Airport is focused on delivering one of New Zealand’s most exciting infrastructure investment programmes. It is well on its way to implementing a 30-year vision and providing the infrastructure needed to accommodate the increasing number of passengers & aircraft using the airport.”

9 October 2017:

Glassons replaces Humphries with 2 chiefs

April Pokaia.

Hallenstein Glasson Holdings Ltd has decided to replace the departed Glassons chief executive, Di Humphries, with 2 people, one each for New Zealand & Australia reporting directly to the group chief executive.

Group chief executive Mark Goddard said on Friday the company had appointed April Pokaia as chief executive of Glassons NZ, effective 1 December. She spent 13 years at Glassons before leaving last year, when she was retail operations general manager, to go to Cotton On NZ as NZ brand manager.

James Glasson, general manager of Glassons Australia, has been promoted to chief executive there, effective immediately. Mr Glasson left Canterbury University in 2007 with a BA majoring in arts history and graduated from Reading University in the UK 2 years later with an MSc majoring in real estate. He followed that up in 2012 with an MA in fashion retail from the London College of Fashion, and also worked at CBRE in London for 2 years as a surveyor before joining Glassons Ltd in Australia in 2012 as brand manager. He’s been general manager there since April last year.

4 October 2017:

Buchan appoints 3 associates

The Buchan Group has appointed 3 of its Auckland staff as associates – Nicola Palmer, Craig Hopkins & Matt Munn.

Nicola Palmer.

Senior architect Nicola Palmer has come from a comprehensive retail background after 10 years at Westfield & the Scentre Group. She began her career in residential architecture as a graduate with her own company in the Bay of Plenty, moving back to Auckland to work at Hames Sharley & Ignite Architects.

Much of her work has been on mixed use town centre planning.

Craig Hopkins.

Senior technician Craig Hopkins joined Buchan in 2014. He graduated from Unitec in 2005 with a diploma in architectural technology, joined Chester Consultants Ltd for a year and moved to Beca Ltd for 8 years. He said he was deeply influenced by the kiwi No 8 wire philosophy of “innovation, integration & anything can be achieved. Nowadays, his main interests are in large, complex retail & commercial projects in which there’s a high level of public use & integration.

Matt Munn.

Senior technician Matt Munn joined Buchan in June last year after 19 years at Foodstuffs North Island Ltd, where he was senior project designer. He graduated from New Plymouth Polytech in 1998 with an electrical engineer’s certificate and Unitec in 2003 with a certificate in architectural design, and has spent a total 25 years in supermarket construction, including some work in the UK and, most recently, on Fresh & Save, a new & innovative supermarket brand to Australia & many Foodstuffs-branded supermarkets in New Zealand.

“My experiences mean I’m always exploring the spatial requirements to satisfy the customer experience & operational complexities. I love the complexities of supermarket design,” he said.

Steel & Tube distribution manager resigns

Steel & Tube Holdings Ltd said on Monday its distribution general manager, Phil Abraham, had resigned.

Interim chief executive Mark Malpass said the company had been considering the consolidation of the group marketing function with distribution for some time: “We have now decided to progress this move as it is expected to lead to a closer connection with our customers in each of the channels that we operate.”

Mr Abraham decided not to be considered for the new role, but will stay until the end of November to complete an orderly handover.

He joined Steel & Tube in June 2015 after roles as chief executive of the Save the Children Fund, Repco retail general mnager, Kiwibank retail transformation programme property lead & Lotteries Commission national retail manager.

Steel & Tube adds another director

Chris Ellis.

Steel & Tube Holdings also announced the appointment of another new director, Chris Ellis, on Monday. His background spans the building supply, manufacturing, heavy construction & engineering sectors.

Steel & Tube chair Susan Paterson said: “This is a further move in the board refresh signalled to shareholders by the company last year and follows the announcement of the appointment of Steve Reindler to the board, also effective 1 October.

Mr Ellis was chief executive of Brightwater Group and a senior executive in Fletcher Building Ltd for 22 years, including chief executive of its building products division, general manager of Winstone Aggregates and Fletcher Construction’s engineering division, and a project manager at Brian Perry Ltd.

He’s chaired Hiway Group Ltd since early 2014, is a director of WorkSafe NZ, the NZ Transport Agency & Horizon Energy Ltd and previously chaired EnergyWorks Holdings Ltd.

He has a bachelor of engineering degree from Canterbury University and a master’s degree in engineering science & management from Stanford University in California. He was inaugural chair of the NZ Business Leaders’ Health & Safety Forum.

ASB chief executive signals departure

Barbara Chapman.

ASB Bank Ltd chief executive Barbara Chapman said on Monday she would retire at Easter 2018 from the job she took on in April 2011.

ASB chair Gavin Walker said she’d leave a lasting legacy: “Barbara’s decision to retire caps a remarkable career of continuous service to ASB and the Commonwealth Bank Group more broadly. She has been a passionate & effective chief executive for ASB & its people, successfully leading the organisation through a period of unprecedented change & market disruption.

“During her tenure, ASB has continued to transform into a digitally focused organisation with a renewed commitment to delivering unbeatable customer experiences across all its channels. She has played a key role in growing ASB’s annual profits from $568 million in 2011 to more than $1 billion in the most recent financial year-end. The board, and Commonwealth Bank Australia as shareholder, are grateful for Barbara’s leadership & dedication to ASB’s long-term success.

“She has built an outstanding leadership team that will continue to seamlessly execute the bank’s strategy to achieve its goals & vision.”

Ms Chapman 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.

2 October 2017:

Council names 3 new directors of Ateed & Watercare

Auckland Council announced the appointment of 3 directors for 2 of its council-controlled organisations on Friday

Evan Davies & Glenys Coughlan to the board of Ateed (Auckland Tourism, Events & Economic Development Ltd) and former Cabinet minister Annette King to the board of Watercare Services Ltd.

The council’s appointments & performance review committee approved the appointments at its 25 September meeting.

Mayor Phil Goff said the trio brought significant expertise to the respective operations. All 3 will start in their roles on 1 November. 

Annette King entered Parliament in 1984. She has 31 years’ senior governance experience and was a Cabinet minister for 10 years from 1989-90 & 1999-08, holding portfolios including Justice, Transport, Police and Health, and deputy leader of the Opposition from 2008 until early this year.

Evan Davies is the managing director of Todd Property Group Ltd, a director of council business Panuku Development Auckland & chair of its capital investment committee, and chair of the Christchurch Hospital Redevelopment Partnership Group.

He’s also a trustee of the Melanesian Mission Trust Board and Anglican Trust for Women & Children. Previously Mr Davies was managing director of SkyCity Entertainment Group Ltd & general manager of Brierley Properties Ltd.

Glenys Coughlan is deputy chair of Outward Bound NZ & chair of the PATA NZ Trust (annual young tourism awards originally related to the Pacific Asia Travel Association). She has a strong governance background with previous roles as chair of Positively Wellington Tourism, as well as a director of Tourism NZ.

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