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

 

Electra appoints new Chair, announces new Board appointments


Electra Trust has announced changes to the Electra Board of Directors, including a new Chair and two new Directors.

Electra is wholly owned by the more than 45,000 electricity consumers connected to the Electra network. The Trust is elected by the consumers to hold the shares in Electra Limited on their behalf and represent their interests in protecting their asset.

Amongst its many roles, the Trust is responsible for appointing the Directors of Electra Limited.

Chair of the Electra Trust, Sharon Crosbie, says the latest changes to the Board result from the mandatory retirement of Board members, including Chair Neil Mackay. “We are delighted to announce existing Board member Shelly Mitchell-Jenkins will take up the role of Chair, while we welcome two new Directors to the Board in Stephen Armstrong and Scott Houston,” says Sharon Crosbie.

“Shelly will provide the Board with focused leadership and strong governance and is committed to the direction the business is heading in. The appointment of Stephen and Scott gives the Board a skillset that will enable the business to build on the existing momentum and ultimately deliver the growth and value we expect for the owners of the business.”

Electra’s 10-year growth strategy includes continued investment in the core network business to deliver operational efficiencies and the identification of complementary acquisition and investment opportunities with significant upside potential for the Group. The business took a 50 % stake in New Zealand’s leading infrastructure technology construction business Connect 8 in 2018 and has continued to build its security alarm and monitoring business “Securely”, with a particular focus on the aged care sector, using a highly disruptive technology and service offering.

“The growth strategy means we have a need for key business skills beyond the management of a traditional electricity network”, explains Sharon Crosbie. “We were looking for Directors with demonstrated success in investments, partnerships and mergers and acquisitions – people skilled in analysing market development opportunities, future business modelling and the structuring of investment transactions. At the same time, we were also interested in identifying people with a globally focused futurist thinking capability with experience in identifying emerging patterns and aligning future strategy to organisational goals.”

“The good news is that we have managed to find people with these exact skills and experience to help lead the business forward.”

Electra Chair, Shelly Mitchell-Jenkins is thrilled with the appointment of both Stephen Armstrong and Scott Houston to the Board. “It’s fantastic to welcome such high calibre people to the table and to add their different talents to the mix. Combined with the excellent skills and experience of the existing Directors, our new team is well positioned to oversee the delivery of the Group’s growth strategy over the coming years.”

The appointments take effect from Thursday, 1 August 2019.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>

ALSO:

9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>

ALSO:

Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>

ALSO: