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

 

New leadership at Forest Enterprises

New leadership at Forest Enterprises

1 February 2018

Steve Wilton, of Masterton company Forest Enterprises, has initiated the latest stage of the company’s succession plan by handing the leadership to fellow Directors. Wilton is taking on the new role of Special Projects Director, retiring from his responsibilities as Managing Director.

Forestry Director Bert Hughes takes up the helm as CEO in addition to his forestry responsibilities. Graeme Tindall has been appointed Managed Investments Director, assuming much of Wilton’s investment related responsibilities.

Forest Enterprises’ priority is to accelerate the planning necessary to ensure the profitable harvest of their investor’s forests and secure the future for the investments. The new role means Wilton will be dedicated to the specialist work required to implement these plans over the next eight months to 1 October.

Wilton describes this as a “triple win” scenario. “This restructure fulfils all my ambitions for the company, as well as for my own retirement, and ensures that our Investors’ interests remain the paramount focus, now and into the future.”

Says Hughes of the changes, “Steve followed company founder Charles Wallis as a pioneer of the retail forestry investment business, and built the Forest Enterprises we have today. Having Steve so focussed on our business growth plans is of huge value to us and our clients. He has left us big shoes to fill, but I speak for all the shareholders when I say how confident I am of our plan and our people.”

Wilton has been progressively selling down his shares over a number of years as new talent has been introduced to Forest Enterprises’ senior management. Hughes and Tindall started the process in 2012 by becoming shareholders, followed in 2015 by Legal Services Director Gordon Wong and by Forest Estate Manager Malte Coulmann in 2016. Dan Fraser, Forest Enterprises’ Gisborne Regional Manager, joins the shareholder group from 1 April 2018.

From 1 October 2018, Steve will be appointed the non-executive Chair of Forest Enterprises Growth Limited (the parent company of the business) in which role he plans to be active for some years.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Primary Sector Council Report: Vision To Unite The Primary Sector Launched

Agriculture Minister Damien O’Connor has welcomed the release of a bold new vision for the country’s vital food and fibre sector. More>>

ALSO:

Crown Accounts: Treasury HYEFU Sees Deficit Then Rising Surpluses

An operating balance before gains and losses deficit of $0.9 billion is forecast in the current year, before returning to a small surplus in 2020/21 which then grows to reach $5.9 billion (1.5% of GDP) in 2023/24. More>>

ALSO:

Fuels Rushing In: Govt "Ready To Act" On Petrol Market Report

The Government will now take the Commerce Commission’s recommendations to Cabinet...
• A more transparent wholesale pricing regime • Greater contractual freedoms and fairer terms • Introducing an enforceable industry code of conduct • Improve transparency of premium grade fuel pricing... More>>

ALSO:

Reserve Bank Capital Review Decision: Increased Bank Capital Requirements

Governor Adrian Orr said the decisions to increase capital requirements are about making the banking system safer for all New Zealanders, and will ensure bank owners have a meaningful stake in their businesses. More>>

ALSO: