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

 


Emirates Team New Zealand board

Emirates Team New Zealand board

April 7 2014

Retiring chairman of Emirates Team New Zealand Gary Paykel has announced the formation of a new five-member board of directors to govern Emirates Team New Zealand.

He said he had consulted widely to assemble a board made up of passionate New Zealanders with a range of skills and in-depth experience in many areas of New Zealand business and technology as well as past experience with the team and the America’s Cup.

Mr Paykel said Dr Keith Turner, a former chief executive and experienced company director, would chair the board.

The board’s immediate tasks are to review the Protocol (the document which governs the conduct of the America’s Cup), assess the possibility of mounting
a credible challenge from New Zealand and prepare a business case for the government. Oracle, the defender of the America’s Cup, is expected to make the
Protocol public within the next few days.

This is a strong group of Directors who will work closely with all akeholders, including the government, as we make an assessment of mounting a challenge in 2017.

“Should the Board determine that a challenge is credible, I expect the government will then decide whether to invest in a challenge and if so, seek a
further appointment to the board,” said Dr Turner.

While details of the management structure and the operating model will be worked through as part of preparing the business case for any challenge, Grant

Dalton will assume the position of CEO, reporting to the Board.

The board met for the first time today (Monday April 7).

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news