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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

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