Tainui Group Holdings (TGH), the intergenerational investor for Waikato-Tainui today announced two new appointments to its Board of Directors.
TGH Chairman Sir Henry van der Heyden said the new appointments align to the emerging strategy of the commercial arm for the iwi to help set TGH up for the future.
Dean Bracewell (Ngaati Maniapoto), formerly MD at transport and logistics company Freightways Group for almost 20 years (and currently an advisor to the Board of TGH) has been appointed as an Independent Director. Commencing in August 2019, Dean will replace sitting Independent board member Matthew Cockram who retires by rotation after serving on the Board for nine years.
In addition, Mark Petersen with a strong background in property and port governance (including with Augusta Property Fund, Shortland Properties and CentrePort), will commence as an Advisor to the TGH Board in August 2019. Mr Petersen’s role will transition to Independent Director of TGH in April 2020 when another long-serving TGH director is due to retire by rotation.
Sir Henry welcomed the two new appointments to the Board. “Dean and Mark bring a wealth of experience in sectors such as logistics and property that remain at the heart of our strategy for TGH. With signature projects such as our inland port at Ruakura and construction of a new hotel with Auckland Airport now well underway, Dean and Mark will help us deliver multi-generational benefits for Waikato-Tainui,” says Sir Henry.
Parekawhia McLean, Chair of Te Whakakitenga o Waikato (the iwi parliament) and Rukumoana Schaafhausen, Chair of Te Arataura (the iwi executive committee) also welcomed the new appointments.
“A blend of iwi and external expertise has been a hallmark of the way TGH has conducted business over the past 15 years. We look forward to the fresh ideas in creating value for our iwi that Dean and Mark will bring to the table,” says Parekawhia McLean.
Rukumoana said the new appointments would support TGH to play its part in the growing iwi economy.
“It’s exciting to see long-term projects coming to fruition at TGH and we welcome the fresh perspectives of Dean and Mark to help pursue the opportunities, while managing commercial risks for the 76,000 members of our iwi.”
Long-serving director Matthew Cockram will stand down from the TGH Board in August 2019. Sir Henry thanked Mr Cockram for contributing his discerning and disciplined investment approach over a sustained period.
Now in its 16th year since establishment, TGH manages around $950 million of assets. Major projects currently include the development of the 480-hectare Ruakura inland port and logistics hub and construction of the Te Arikinui Pullman Auckland Airport Hotel with joint venture partner Auckland Airport.