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

 


Shaun Coffey bows out as Callaghan Innovation replaces IRL

Shaun Coffey bows out as Callaghan Innovation institute replaces IRL

By Pattrick Smellie

Nov. 30 (BusinessDesk) - The chief executive of Industrial Research Limited, the Crown Research Institute being folded into the new advanced technology institute, has announced his resignation after six and a half years spent restoring the once-ailing science body's financial performance.

Shaun Coffey said he was leaving "after careful consideration", and following IRL's acknowledgement in the last week through a series of awards and medals for its contribution to the New Zealand innovation system, including one of the Prime Minister's Science Prizes.

Coffey found himself offside with Science and Innovation Ministers Wayne Mapp and then Steven Joyce because of his advocacy for retention of the advanced materials research capacity developed at IRL's Wellington campus, at Gracefield, Wellington.

Ministers were at one stage keen to move all activities to campuses in Christchurch and Auckland, close to those cities' engineering schools, but were ultimately persuaded to maintain the IRL campus as part of a larger amalgamation of advanced materials science, initially dubbed the Advanced Technology Institute.

It has since been formally named Callaghan Innovation in honour of leading New Zealand physicist and science community leader, Sir Paul Callaghan, who campaigned for greater connections between science and new industries before his death from cancer earlier this year.

Coffey described the new institute, which also includes elements of New Zealand Trade and Enterprise and is intended as a "one stop shop" for high value, innovative businesses with high growth potential, as a "major challenge" and wished it every success.

Coffey thanked all those who had helped to "reinvent" IRL in the past six and a half years.

"The collective knowledge and abilities of our people, and their intense desire to put science to work for New Zealand, are constant sources of inspiration and motivation. It has been my profound privilege to serve them, and through them to serve New Zealand," said Coffey, who came to the role from Australia.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news