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

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news