Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Trustpower Chairman Calls It A Day

Avon Carpenter, Chairman of TrustPower Ltd, has given notice of his intention to retire as a Director and Chairman of the Company on 31 December 2000.

Mr Carpenter has been Chairman of the Company since it was corporatised under the Electricity Industry Reform Act 1993 and prior to that was a Board Member and Chairman of its predecessor the Tauranga Electric Power Board.

Mr Carpenter said, “It is naturally with some regret that I am severing my long association with the Company. It has been extremely rewarding to work with such a highly skilled and professional management team who have really rejoiced in the challenges and built a company that for all round performance is currently clearly the industry leader.”

“The electricity industry has, throughout the ten years of my involvement, been subject to constant change and the target of considerable political focus. These factors have inevitably given rise to many difficulties but at the same time have created opportunities. That these opportunities have been grasped and turned to advantage is evidenced by the Company’s impressive growth – since listing as a public company in April 1994 annual revenues have increased from $53.2 million to$428 million while assets have moved from $83.2 million to $813.4 million in the same period. Profitability has shown an equally impressive growth rising from $5.7 million after tax in 1994 to $26.8 million in 2000.”

Mr Harold Titter who will take over the Chairmanship of the Company on Mr Carpenter’s retirement noted the outstanding leadership that Mr Carpenter had given to the Company since its inception in 1994. His linkage with senior management and the Board had played an important part in the Company's growth and development.

Mr Titter said “The momentum of the Company is driven to a considerable extent by its excellent management and staff as referred to by Mr Carpenter. This team, together with the Board, look forward with confidence and enthusiasm to the further growth and development of the Company in the years ahead.”


For further information phone 07 574 4866.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>