Waikato-Tainui has appointed Hinerangi Raumati-Tu’ua as Chair of Tainui Group Holdings (TGH) the commercial investment arm of the iwi. Ms Raumati-Tu’ua (Waikato, Ngaati Mutunga) will take up the role effective 1 May.
The appointment was jointly announced by Linda Te Aho, Chair of Te Arataura – the executive committee of the iwi and outgoing TGH chair Sir Henry van der Heyden, who will retire by rotation at the end of April after serving nine years as a director and the Chair of TGH. Ms Te Aho and Sir Henry said it was exciting to appoint the first iwi member to chair the company since 2003.
“As one of the most experienced Maaori governance professionals in New Zealand, Hinerangi brings both continuity and change for TGH. She is a great fit as we move to enact our refreshed investment framework – Puna Whakatupu Tangata – to grow a stronger future for our iwi,” Ms Te Aho says.
Sir Henry added: “The appointment of Hinerangi leaves TGH in very capable hands and I wish her and the wider team at TGH all the best. It’s been a real privilege and great learning experience to contribute to the growth of TGH over the past nine years and I will be excited to follow the progress on the next stage of the journey.”
Hinerangi Raumati-Tu’ua was appointed to the Board in November 2017. She is a fellow of the Institute of Chartered Accountants, a member of the New Zealand Order of Merit, the current Chair of Paraninihi Ki Waitotara Incorporation and Moana NZ, and a director of Sealord, Watercare and several iwi commercial entities. In 2017 she was named the Maori Woman Business Leader of the Year.
Ms Raumati-Tu’ua says she wants to keep building on the substantial commercial progress TGH has made over the past few years while making sure the organisation stays in lockstep with the social, cultural, environmental and economic aspirations of the iwi.
“It’s an exciting time to be Chair with the momentum that’s building at Ruakura Superhub, our strong Board and committed team of skilled kaimahi at TGH, along with the refreshed direction our iwi has provided in terms of changes to our investment framework.”
Established in 2003, TGH currently manages around $950 million of assets including financial assets such as shares. Major projects currently include the development of the first 92 hectares of the Ruakura Superhub due to open in mid-2022, construction of a new regional headquarters for the ACC and a new joint venture with Kiwi Property to re-develop Centre Place North in the CBD of Kirikiriroa-Hamilton.