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

 


Auckland Airport Director Appointments


Media Release
20 November 2007

Auckland Airport Director Appointments


Manukau City Council welcomes the appointment of its nominee John Brabazon to the Auckland International Airport Limited board of directors.

“We are also pleased to see Lloyd Morrison and Richard Didsbury on the board, as well as the return of Joan Withers,” Mayor Len Brown says.

The council had voted for all four at today’s Annual General Meeting. That around 700 people were at the AGM, many from Manukau, indicated the intense public interest in the airport and its future direction.

“It is important that we have the most appropriate directors on a major public company such as AIAL.

“The new directors all have extensive governance and commercial experience, and they will add knowledge and expertise to the board. This is vital, given the challenges facing the company,” Mr Brown says.

John Brabazon’s broad commercial experience including within banking and with Brierley Investments, as well as with his present role with DBB Capital Ltd, will be particularly valuable. During the past two years he has also developed a strong understanding of the issues facing the airport going into the future.

“Lloyd Morrison’s vision for the airport is consistent with the council’s and his extensive commercial experience and knowledge of infrastructure including airports will be of value to the board,” Mr Brown says.

Richard Didsbury’s extensive property expertise as the founder of Kiwi Income Property Trust will support the company’s further development of its substantial land holdings.

“We are also pleased to see Joan Withers returning to the board. She is an experienced and highly respected chief executive and company director. While we are pleased there will be new perspectives and views at the board table, Joan’s long history with AIAL, having been appointed to the board in 1997, brings an important continuity.”

Mr Brown said it was now up to the board to coalesce quickly into a solid team.

“We will be looking to them to bring strong direction and advice to shareholders in respect to current and future proposals for the airport.”


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news