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

 


Long serving Infratil director, chairman David Newman dies

Long serving Infratil director, chairman David Newman dies

Oct. 14 (BusinessDesk) - David Newman, a director of Infratil for almost two decades and chairman for the past nine years, has died in Wellington, the investment company said.

Newman stepped down as chairman last week to take medical leave and Mark Tume was named acting chairman. . Fellow director Paul Gough took over Newman’s role as chairman of its audit and risk committee.

Newman “was a director of exceptional governance capability with the skills required to deal with difficult situations and strong-willed people,” chief executive Marko Bogoievski said in a statement. “While a director of Infratil he was for a period also the CEO of the Institute of Directors and through the Institute, as well as his governance roles, will have left an indelible impression on New Zealand business.”

Newman had also been chairman of Infratil’s half-owned Wellington International Airport and Infratil’s European Airports.

Prior to joining Infratil’s board, Newman worked at BP including as managing director of BP New Zealand.

“His oil sector expertise was instrumental in Infratil and New Zealand Superannuation Fund’s highly successful purchase of Shell’s downstream NZ assets in 2010, which is now Z Energy,” the company said.

Infratil shares last traded up 0.3 percent to $2.535 and have gained 11 percent this year.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Media: Julian Wilcox Leaves Māori TV

Māori Television has confirmed the resignation of Head of News and Production Julian Wilcox. Mr Maxwell acknowledged Mr Wilcox’s significant contribution to Māori Television since joining the organisation in 2004. More>>

ALSO:

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Fractals: Thousands More Business Cards Needed To Build Giant Sponge

New Zealand is taking part in a global event this weekend to build a Menger Sponge using 15 million business cards but local organisers say they are thousands of business cards short. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news