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

 


NEXT Foundation announces CEO appointment

NEXT Foundation announces CEO appointment

Auckland, 27 May 2014 - The NEXT Foundation today announced the appointment of Bill Kermode as its Chief Executive Officer.

Bill is a founding director of Direct Capital, New Zealand’s most experienced private company investor. He has worked there for 20 years, during which time it invested in excess of $800 million in more than 60 privately owned companies. Bill led the investment and was a director of a number of those companies across several industries including biopharmaceuticals, aged care, online retailing, personal computing and manufacturing.

Bill is a graduate of Massey University in Chemistry and Oxford University in Politics, Philosophy and Economics and also Palmerston North Boys’ High School where he supports the school’s Educational Foundation Trust.

The NEXT Foundation was launched in March and will spend $100 million over the next 10 years to create a legacy of environmental and educational excellence for the benefit of future generations of New Zealanders. It will make commitments of approximately $5-15 million per annum, to be distributed as part of an annual process, to one to three projects over their project lives. Initial expressions of interest for the first round of funding are being invited from 3 June to 11 July.

Chris Liddell, Chairman of NEXT said “We are delighted to have someone of Bill’s calibre as our CEO. He brings us a passion for New Zealand combined with a wealth of experience working with partners to make large projects successful.”

“The CEO’s role is to help us develop and implement our strategy. Bill’s appointment is consistent with our vision of promoting excellence, and taking an aspirational but disciplined approach to delivering a philanthropic return.”

Bill Kermode said “NEXT Foundation will inject energy and funding into major education and environment projects. I am delighted to have this opportunity to use my background and experience to contribute to our country. Many of the principles are the same: ensure the projects we support have agreed and measurable outputs and are structured for success. I look forward to making a positive difference to New Zealand.”

Bill will commence with NEXT on 1 July.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business:
NZ Puts Seven New Oil And Gas Areas Put Up For Tender

A total of seven new areas will be opened up to oil and gas exploration under its block offer tendering system, as the New Zealand government seeks to concentrate activity in a few strategically chosen areas. More>>

ALSO:

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news