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New Board Member Announced for TIML

8 December 2006

New Board Member Announced for TIML

Former Acting Governor of the Reserve Bank Dr Rod Carr has been appointed to the board of Taranaki Investment Management Limited (TIML), the company which manages New Plymouth District Council’s Perpetual Investment Fund.

Dr Carr brings a wealth of banking and investment experience to TIML, having held key financial positions in Australia, the US and New Zealand. He is also the Managing Director of Jade Software Corporation and holds a PhD in insurance and risk management.

Based in Christchurch, Dr Carr replaces George Green who retired from the TIML board at its recent annual general meeting. Mr Green’s retirement came after six years on the board of TIML, formerly known as NPEAL (New Plymouth Equity Advisers Limited).

TIML Chairman John Armstrong says: “George made an excellent contribution during his time with NPEAL and TIML and we wish him well for the future.

“As George’s replacement, we are certain that Rod will bring a great deal to the table in TIML’s ongoing management of the council’s investments portfolio.”

The new TIML board comprises:

- Chairman John Armstrong, New Plymouth.
- Deputy Chairman Keith Sutton, Wellington.
- Sandy Maier, Auckland.
- Dr Rod Carr, Christchurch.

In order to keep its board fresh, TIML operates a rotation policy in which directors usually serve for no more than six years.

ENDS

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