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

 

Contact Energy nabs Xero's Victoria Crone, in board refresh

Contact Energy nabs Xero MD, Victoria Crone, in board refreshment

By Pattrick Smellie

Oct. 21 (BusinessDesk) - Contact Energy has appointed Victoria Crone, managing director of accounting software firm Xero, as a director as the power company continues to refresh its board following the selldown by former majority shareholder Origin Energy in August.

Also joining the utility's board is the current chief financial officer of Air New Zealand, Rob McDonald, Contact said in a statement.

The appointments follow the choice of Ralph Norris, an outgoing Origin director who has previously been chief executive of Commonwealth Bank of Australia and Air New Zealand, to replace acting chair Phil Pryke, a founding Contact director who will leave the board in December.

“We are excited to be welcoming both Victoria and Rob to the Contact board," Pryke said. "They bring with them a great depth of experience in leading customer-inspired businesses that leverage the power of their organisations’ culture alongside great products and leading edge technology.”

Without a majority owner in Australia and with no need to invest in new electricity generation plant for several years, Contact is in the same position as other New Zealand gen-tailers in seeking ways to grow their customer numbers, loyalty and margins in an environment of flat demand growth, cost containment challenges, and downward pressure on tariffs.

Crone joined Xero as managing director in January last year from her previous role as head of sales and marketing at the regulated telecommunications network owner, Chorus.

(BusinessDesk)

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: RBNZ To Implement $30bn Large Scale Asset Purchase Programme Of NZ Govt Bonds

The Monetary Policy Committee (MPC) has decided to implement a Large Scale Asset Purchase programme (LSAP) of New Zealand government bonds. The negative economic implications of the coronavirus outbreak have continued to intensify. The Committee ... More>>

ALSO:

Elevate NZ: Venture Fund To Lift Productivity

The Government’s new $300 million venture capital fund - announced in last year’s Budget – is now open for business as the Elevate NZ Venture Fund. Finance Minister Grant Robertson says lifting New Zealand's productivity requires well-functioning ... More>>

ALSO:


COVID-19: Case Confirmed In NZ – Expert Reaction

After spreading across the globe for months, the first case of COVID-19 has been reported in New Zealand. The Ministry of Health says the risk of a community outbreak is low, due to their preparedness and the high awareness of the disease. The Science ... More>>

ALSO:

Agriculture: New Legislation To Boost Organics

New organics legislation will boost consumer confidence and help grow an innovative sector, says Food Safety Minister Damien O’Connor. “The Organics Product Bill, introduced to Parliament this week, aims to increase consumer confidence when purchasing ... More>>

ALSO:

Biodiversity Policy: Misinformation Circulating

Forest & Bird is concerned at misinformation circulating regarding a policy statement aimed at protecting New Zealand’s unique biodiversity. The National Policy Statement for Indigenous Biodiversity is being consulted on by the ... More>>

ALSO: