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Drs Brash And Cullen Among SOE Appointments Today

Fuseworks Media
Fuseworks Media
Michael Cullen
Michael Cullen

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.

Among the notable appointments was former finance minister Michael Cullen to the board of New Zealand Post, while former Labour MP Jim Sutton retained his role as chairman at Landcorp.

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.

Mr Power said Dr Cullen and Dr Brash had considerable experience and skills to bring to their new roles.

"These are merit based appointments," Mr Power said.

It was expected that Dr Cullen would become the board's deputy when incumbent Ken Douglas' appointment expired in October. Whether he became chairman or not would be a discussion for later.

Mr Power said there had been 46 appointment or reappointments made today out of 115 positions and there would be a number of other changes when terms expired in October.

There had been 17 "early departures" but he did not have numbers to hand on how many had not been reappointed.

The reappointments had been made after discussion with SOE chairs.

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