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Don Brash Among SOE Appointments Today

Fuseworks Media
Fuseworks Media

Wellington, April 7 NZPA - Former National leader Don Brash has been appointed a director of Transpower.

State Owned Enterprises Minister Simon Power announced 22 new appointments, one elevation of a deputy chair to chair, three elevations of a director to deputy chair, and 20 reappointments today.

Former Labour MP Jim Sutton retained his role as chairman at Landcorp and Paula Rebstock, who recently stood down as Commerce Commission chairwoman, has been appointed deputy chairwoman of New Zealand Railways Corporation with former National PM Jim Bolger reappointed as chairman.

Joan Withers, who recently resigned as chief executive of Fairfax Media, and Keith Smith were appointed directors of Mighty River Power.

"Shareholding ministers have previously stated that we are looking for more commercially-focused boards, and a change in the governance of the SOE portfolio will help achieve that," Mr Power said.

"This range of strong directors will help promote the National Government's focus on SOE performance.

Three new chairs to SOE boards were David Clarke (Kordia), Phil Lough (Quotable Value), and Sarah Astor (MetService -- promoted from deputy chairwoman).

"I'd also like to thank the outgoing chairs: Wayne Brown (Kordia), Kay McKelvie (Quotable Value), and Dr Francis Small (MetService) for their service and leadership," Mr Power said.

Joanna Perry (Genesis), Polly Schaverien (MetService) and Ian Donald (Transpower) have been elevated to deputy chair.

Former finance minister and deputy prime minister Michael Cullen was appointed to the board of New Zealand Post, and was expected to become deputy chairman in the medium term.

"I'd like to thank all retiring directors for their service and commitment to the boards they have served on, and wish them well in their future endeavours.

"I welcome all new appointees. I look forward to working with all the SOE boards."

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