Ngai Tahu Property boss Tony Sewell to retire

Ngai Tahu Property boss Sewell retiring to pursue private sector opportunities after building $553 million portfolio

By Fiona Rotherham

July 31 (BusinessDesk) - Ngai Tahu Property chief executive Tony Sewell, who built the value of the tribe's property portfolio from $2 million in 1994 to $553 million today, is leaving the company to explore other business opportunities.

A replacement CEO is now being sought to start at the beginning of 2016 at which point Sewell will assume the role of director of major projects until the end of next year, to ensure a smooth handover.

Ngai Tahu Property, which has more than 40 staff, is now the most experienced participant and one of the largest in the South Island property sector, having played a big role in the Christchurch rebuild and with a number of flagship developments in the pipeline.

Sewell said after 21 years it was time to look at new opportunities providing strategic property advice to private clients and undertaking more directorships. He already holds a number of board positions including president of the Canterbury Employers Chamber of Commerce, vice president of the NZ Business Council and former national president of the Property Council NZ.

Ngai Tahu Property chair Barry Bragg said Sewell would leave behind a significant legacy that included contributions before and after the treaty settlement.

(BusinessDesk)

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