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


Troy Kennedy Takes The Wheel As Armstrong’s Gears-up For Further Growth

Troy Kennedy, the incumbent CFO of Armstrong’s, has been appointed to the newly created role of CEO responsible for the day-to-day operations and delivery of Armstrong’s longer-term growth ambitions.

Mr Kennedy commences the role immediately and will continue to work alongside founder and Managing Director, Rick Armstrong, together with the wider Armstrong’s Executive team.

“Troy has been an integral part of Armstrong’s executive leadership team for more than four years. He has been instrumental in driving recent growth and helping guide the business through the unprecedented events related to Covid-19,” said Mr Armstrong.

“His transition to CEO strengthens our senior leadership expertise with his extensive finance and international management experience. Troy is a natural leader and is highly respected across the Armstrong’s team. He is passionate about putting our people first and ensuring our customers sit at the heart of everything we do.

“The introduction of the CEO position, and the commercial acumen Troy brings, underpin the next chapter of Armstrong’s continued growth.”

Prior to joining Armstrong’s in 2017, Mr Kennedy, a chartered accountant, held a number of senior executive and finance positions both in New Zealand and the United Kingdom, including with PwC and Platinum Equity - a global M&A firm advising growth companies on unlocking long-term, strategic value.

“I am grateful to Rick for this opportunity, Armstrong’s is starting another exciting new chapter of growth, which I am excited to be leading alongside an outstanding executive team,” said Mr Kennedy.

“In less than three decades Armstrong’s has emerged as New Zealand’s largest privately-owned, premium dealership. Today, we represent 16 international automotive marques at 33 brand locations nationwide - with the number of automotive brands and Armstrong’s sites set to expand even further in the near term.

“This opportunity could not have come at a better time. I’m focused on achieving sustainable growth while at the same time nurturing our talent.

“I’m incredibly excited to step into this new role and look forward to leading our dynamic future trajectory.”

In conjunction with Mr Kennedy’s appointment, Armstrong’s is recruiting a new CFO as well as key personnel into other areas of the business.

More information about Armstrong’s and the automotive marques they represent can be found at

© Scoop Media

Business Headlines | Sci-Tech Headlines


Commerce Commission: Mercury Cleared To Acquire Trustpower’s Retail Business

The Commerce Commission has granted clearance for Mercury NZ Limited to acquire Trustpower Limited’s retail business. Deputy Chair Sue Begg said the Commission is satisfied that the acquisition is unlikely to substantially lessen competition in any New Zealand market.... More>>

Consumer NZ: Buy-now, Pay-later Raking In $10m+ In Late Fees Annually

A Consumer NZ survey has found buy-now, pay-later services are costing shoppers more than $10 million a year in late fees. Close to four out of 10 Kiwi consumers use buy-now, pay-later services, such as Afterpay, Laybuy and Zip... More>>

Westpac: Catherine Mcgrath Appointed New Zealand CEO

Westpac Group CEO Peter King and the Westpac New Zealand Board today announced the appointment of Catherine McGrath as Chief Executive Officer, Westpac New Zealand... More>>

Statistics: Surge In Imports Results In Record Monthly Trade Deficit
Imports increased $1.8 billion in August 2021 compared with August 2020, resulting in a record monthly trade deficit of $2.1 billion, Stats NZ said today. Exports were little changed, down $42 million. "This is a larger deficit than normal because of higher values for imports.. More>>

Fonterra: Completes reset, announces annual results and long-term growth plan out to 2030

Fonterra Co-operative Group Limited today announced a strong set of results for the 2021 financial year, reflected in a final Farmgate Milk Price of $7.54, normalised earnings per share of 34 cents and a final dividend of 15 cents... More>>

Statistics: GDP rises in the June 2021 quarter

Gross domestic product (GDP) rose by 2.8 percent in the June 2021 quarter, following a 1.4 percent increase in the March 2021 quarter, Stats NZ said today. June 2021 quarter GDP was 4.3 percent higher when compared with the December 2019 quarter... More>>