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Pacific Business Trust Chief Executive Resigns

PRESS RELEASE
6 June 2014
For immediate release

Pacific Business Trust Chief Executive Resigns

Peter Cordtz, Chief Executive of the Pacific Business Trust has resigned to explore new career opportunities, citing a key reason for the decision as marking his fourth anniversary at PBT in May.

Peter Cordtz joined the Trust in May 2010, and has successfully led the organisation through a period of ongoing work to implement reforms consistent with ‘Better Public Service’ targets, signalled by the Ministry of Pacific Island Affairs.

His leadership legacy includes achieving a positive financial result in 2013 during a difficult economy, growing the delivery of business facilitation services to existing and establishing businesses, implementing new initiatives to showcase Pacific business success - including the Pacific Business Leaders Dinner in September 2013 - and increasing support for Pacific secondary students participating in the Young Enterprise Scheme (YES).

With the end of the financial year approaching on 30 June, the timing of Cordtz’s decision is intended to allow for an orderly transition.

“I felt it was the right time to look for a new challenge, while leaving the Trust in good shape. We’re on track to achieve our key targets this financial year, and we’re well advanced in our planning for the coming year,” Mr Cordtz said.

“I’m honoured to have had the opportunity to lead this organisation for the pas

t four years and proud of what has been achieved by our hard-working team. I believe in what the Trust stands for and will always support their role in supporting and facilitating the growth of Pacific businesses. The Trust turns 30 next year, which in itself is a testament to its enduring service to the Pacific community.”

Chair Selma Scott confirmed Cordtz will oversee year-end activity and assist with the handover process.

“The Board is extremely grateful for Peter’s leadership of the organisation during challenging times. We wish him well and thank him for his continued and loyal support of Pacific Business Trust,” Mrs Scott says.

“The Board and Peter are committed to achieving a smooth transition and to keep the organisation operating as usual.”

In the wake of Cordtz’s departure, Mrs Scott confirmed that the board will recruit a new Chief Executive, confirming the process in due course.

ENDS

About Pacific Business Trust
The Pacific Business Trust is a ‘not for profit’ Charitable Trust set up in 1985, providing economic development services for Pacific Businesses and Business People within New Zealand. With an experienced team of qualified business advisors and facilitators, the Trust offers a central business resource, relevant training and proactive business assistance to businesses. Services are delivered nationwide from three locations, in Otahuhu, Porirua and Christchurch. For more information on the Pacific Business Trust, visit www.pacificbusiness.co.nz

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