Infratil chairman David Newman dies
Listed infrastructure company Infratil (NZX: IFT) has advised its chairman David Newman died this afternoon in Wellington.
The company's chief executive Marko Bogoievski says Mr Newman made an outstanding contribution to Infratil as a founding director and during his nine years as chairman.
His sound advice, business acumen, governance, relationship skills and strong moral compass would be missed by all those at Infratil and associated with Infratil, Mr Bogoievski said in an announcement to NZX.
Mr Newman was a founding director of Infratil in 1994 and became chairman in 2004. He was also chairman of Wellington Airport and Infratil’s European Airports.
Previously, he was managing director of BP New Zealand and Institute of Directors' chief executive.
Mr Bogoievski says Mr Newman's oil sector expertise was instrumental in Infratil and New Zealand Superannuation Fund’s highly successful purchase of Shell’s downstream NZ assets in 2010, which is now Z Energy.