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

 

New Eastland Group chairman announced

New Eastland Group chairman announced

Keith Sutton has been appointed chairman of Eastland Group Limited, Eastland Network Limited, Eastland Port Limited and Gisborne Airport Limited.

“Eastland Group operates critical infrastructure in the region, supports local economic growth and is tasked with delivering strong returns to our sole shareholder, Eastland Community Trust,” said Mr Sutton today.

“The performance of Eastland Group impacts, and benefits, the entire community in a number of ways.

“The completion and commissioning of the new Te Ahi O Maui geothermal plant this year, for example, is a significant milestone for both Eastland Group and the region. It will provide long-term financial returns to ECT and the people of Tairawhiti.

“I look forward to working with the board, CEO Matt Todd and the management team on the strategic direction and future growth of this unique group of companies.”

Mr Sutton is a professional director with a background in investment banking and corporate finance, both in New Zealand and overseas. He is an advisory board member of Te Tumu Paeroa - the Maori Trustee, a director of numerous organisations including Gough Group Limited and Wellington International Airport Limited, and is involved in a range of farming businesses in Gisborne and elsewhere.

ECT appointed Mr Sutton to the Eastland Group board of directors last year, along with Fiona Mules.

He replaces Nelson Cull, who stepped down at the company’s AGM last August after eight years in the position. Since then, board director Tony Gray has been interim chair.

On behalf of ECT’s trustees, ECT chairman Michael Muir welcomed Mr Sutton’s appointment.

“Keith takes the helm at an exciting point in the company’s growth and we have no doubt he will be a champion for Eastland Group and the region. We look forward to continuing the constructive relationship we have with the board, ensuring effective implementation of the company's strategic direction and monitoring their performance – factors profoundly linked to ECT’s ability to support economic growth and provide for wider community aspirations.

“We also thank Tony Gray for taking up the role as interim chair after Nelson Cull’s retirement.”

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Economy: COVID-19 Lockdown Has Widespread Effects On Labour Market

In the June 2020 quarter, the seasonally adjusted unemployment rate fell to 4.0 percent, down from 4.2 percent last quarter, while underutilisation rose, Stats NZ said today. More>>

ALSO:

NZ Post: New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More>>

ALSO:

Banking: Westpac NZ Lowers Merchant Fees For Small Businesses

Westpac NZ is rolling out a new merchant fee pricing structure that will lead to cost savings for more than 10,000 small and medium Kiwi businesses, and could make contactless transactions more widely available for customers. On 1 September, most ... More>>

REINZ: Million Dollar Plus Property Sales Increase 11.7% Nationally

The number of properties sold around the country for one million dollars or more during the first half (H1) of 2020 increased by 11.7% compared to H1 2019, with 5,426 million-dollar plus properties sold (up from 4,858 in H1 2019) according to the Real ... More>>

Waste: Government To Regulate Plastic Packaging, Tyres, E-Waste

The Government is stepping up action to deal with environmentally harmful products – including plastic packaging, tyres and e-waste – before they become waste. As part of the wider plan to reduce the amount of rubbish ending up in landfills, ... More>>

ALSO:

Bankers Association: Banking Becomes First Living Wage Accredited Industry

Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all ... More>>

ALSO:


QV Valuations: July House Price Index Illustrates Market Resilience

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More>>

ALSO:

Property: Queenstown Rents Experience Biggest Drop In Seven Years

Rental prices in the Queenstown-Lakes district saw the biggest annual percentage drop in seven years after falling 28 per cent on June last year, according to the latest Trade Me Rental Price Index. Trade Me Property spokesperson Aaron Clancy said ... More>>

Seismology: The Quiet Earth

As many daily activities came to a halt during lockdown, the Earth itself became quiet, probably quieter than it has been since humans developed the technology to listen in. Seismologists have analysed datasets from more than 300 international ... More>>

RNZ: James Shaw Says Kiwibank, Not Ministers Should Decide On Investors

Climate Change Minister James Shaw says Kiwibank's decision to stop doing business with companies dealing in fossil fuels is the right one. More>>

ALSO:

FMA: Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments

Despite the majority (60%) of investors experiencing losses as a result of COVID-19, the outlook on investing remains positive, according to a Financial Markets Authority (FMA) survey. Most Kiwis (71%) were optimistic that the pandemic will pass eventually ... More>>

FIRST Union: Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off

(FIRST Union comments on The Warehouse consultation and proposed restructure) 'Unfortunately the Warehouse have done the disappointing thing and used Covid-19 to justify a bunch of operational business decisions that will leave hundreds of workers without jobs ... More>>

ALSO:

Stats NZ: Mixed Performance By Regions Leaves National Emissions Picture Unchanged

Approximately two-thirds of New Zealand’s regions recorded decreases in their total greenhouse gas emissions, while one-third of regions saw increases between 2007 and 2018, Stats NZ said today. “While some regions reduced their emissions, ... More>>