Ngāi Tahu Appointment of Directors

Mark Solomon, Kaiwhakahaere of Te Rūnanga o Ngāi Tahu, announced today that Trevor Burt and Catherine Drayton had been re-appointed as Directors on Ngāi Tahu Holdings Corporation Limited (NTHC), with Mr Burt re-appointed as Chair.

Both appointments are for another three years and commence 1 August 2012.

Mr Solomon said stable and dependable decision making and leadership was a hallmark of the current suite of directors. “We have seen shareholder equity continue to increase almost seamlessly even in the face of such economic hurdles as the global financial crisis and earthquake disruption. This says something about the calibre of our people,” says Mr Solomon.

Mr Burt also announced the appointment of Barry Bragg as the Ngāi Tahu Property chair, replacing Linda Constable who had retired after many years serving the iwi in a variety of roles, including as a director and former chair of NTHC.

“We are very sad to see Linda go, but Barry has been one of our property directors for three years, so his re-appointment as a director and now as chair, will ensure a smooth continuation in our focus on the Christchurch rebuild, our move into sustainable agriculture and rationalisation of rural assets.”

Mr Burt says he was also pleased to announce that Ross Keenan was continuing as chair for Ngāi Tahu Tourism and Brian Rhoades was continuing as chair for Ngāi Tahu Seafood.

Further changes are being made to the subsidiary boards and announcements of new appointments will be made in the near future.

TREVOR BURT
Mr Burt has had an extensive career with the global industrial gas company BOC Group, working and living in Australia, China, and the USA. Following the acquisition of BOC by the Linde Group, Mr Burt moved to Germany to join the executive board of the Linde Group. On his return to New Zealand Mr Burt joined the boards of a number of South Island companies, including Lyttelton Port Company Ltd, Mainpower NZ Ltd, and Silver Fern Farms Ltd.

CATHERINE DRAYTON
Catherine Drayton has 15 years of experience acting as a consultant on mergers and acquisitions in Western, Central & Eastern Europe. She is also the former partner in charge of the Assurance and Advisory business of PricewaterhouseCoopers in Central & Eastern Europe. Ms Drayton currently serves as a Councillor of the University of Canterbury, and is a Director of a number of boards including Christchurch International Airport.

BARRY BRAGG
Barry Bragg is of Whanau o Apanui, Whakatohea and Ngāi Tahu descent. Mr Bragg is a chartered accountant. He was recently appointed Group Manager Resources at Solid Energy New Zealand Ltd having served as Chief Operating Officer at Solid Energy since 2003. He is also a trustee of Canterbury West Coast Air Rescue Trust and a director of CRL Energy Ltd.

ROSS KEENAN
Ross Keenan is a highly experienced company director, and has held directorships with several health boards, and property development, telecommunications and tourism companies. He has been chairman and director of Ngāi Tahu Tourism since May 25, 2006.

BRIAN RHOADES
Dr Rhoades was General Manager and Chief Executive for Sealord Products Ltd from 1985 to 1994. He has held many directorships including directorships with Industrial Research Ltd, Nelson Marlborough Institute of Technology and Nelson Electricity Ltd.