Executive Appointment at Cullen Investments

Executive Appointment at Cullen Investments

Cullen Investments today announced the appointment of Wayne Scurrah as Chief Operating Officer.

Scurrah will manage the operational matters of Cullen’s New Zealand asset portfolio across multiple investments and market sectors. His role with Cullen enables him to continue his involvement in the group following nine years as Chief Executive Officer of the Vodafone Warriors, a member of the Cullen portfolio.

During his tenure the Vodafone Warriors achieved significant revenue and profit growth. Today, the club has one of the competition’s most prestigious sponsorship portfolios and is the leading club in NRL merchandise sales. Annual jersey sales alone total close to 50,000. The club’s on-field achievements include the NRL team reaching the finals in four years, all of the club’s three teams making the Grand Final of their respective competitions in 2011, and the Vodafone Junior Warriors making finals appearances every year since their inception in 2008; including winning three of four Grand Final appearances. Scurrah’s previous positions include CEO roles at Schwarzkopf NZ and North Harbour Stadium.

Scurrah commences his role at Cullen on 10 November, coinciding with incoming Vodafone Warriors’ CEO Jim Doyle’s start date. He will be resigning as a director of the Vodafone Warriors and his role with Cullen will focus on other assets.

Scurrah will join existing Cullen executives Don Stanway and Mark Flay who together have a remit to optimise Cullen’s existing New Zealand investment portfolio and to expand it. A key focus will involve identifying and realising new business development and growth strategies.

Scurrah commented that he was looking forward to commencing the role at Cullen.

“I thoroughly enjoyed my time at the Vodafone Warriors. I am now looking forward to working for Cullen on a variety of investments. The entrepreneurial approach of the team and the environment is certainly appealing and is something I expect I will enjoy immensely; I’m excited by the opportunities ahead.”

Executive Chairman, Eric Watson says the appointment signals a renewed commitment to maximising asset value in New Zealand. “I congratulate Wayne on his appointment. He has an impressive track record and will be an important member of our global executive team. We believe New Zealand continues to offer significant investment opportunities and we look forward to further value creation and growth arising from the pursuit of new opportunities.”

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