Former head of the Commonwealth Bank of Australia, Sir Ralph Norris, and prominent Maori professional director Whaimutu Dewes have been appointed to the board of the Treasury.
Treasury Secretary Gabriel Makhlouf announced the two newcomers, along with the appointment of Professor Harlene Hayne, the vice-chancellor of Otago University.
They join investment banker Paul Baines, professional director Susan Macken and Joan Withers, who also chairs Mighty River Power on the board, which seeks to "replicate the discipline, strategic capability and performance accountability provided by a private sector or other statutory board".
Ms Withers has stepped aside to avoid any conflict of interest while Treasury manages the government's intended partial privatisation of MRP later this year.
Sir Ralph is a director of Fonterra and the Fonterra Shareholders Fund, and is on the board of Australia's Origin Energy, majority owner of Contact Energy, and stepped down last year as chief executive of CBA after a 40-year career in banking.
Mr Dewes is chairman of Aotearoa Fisheries Ltd and is a director on the boards of Contact Energy and Housing New Zealand Corp.
The new members' terms of appointment have been made effective from the beginning of 2013.
This article is tagged with the following keywords. Find out more about MyNBR Tags
Most listened to
- Tony Gibson looks at the opportunities for Ports of Auckland’s new multi-million dollar freight hub
- ASB Bank's CEO Barbara Chapman discusses the mortgage and dairy lending markets
- Green party co-leader James Shaw and Business NZ manager of energy and environment John Carnegie discuss the ETS review - part 2
- Nevil Gibson breaks down the New Hampshire primary result in his latest Editor's Insight
- Green party co-leader James Shaw and Business NZ's John Carnegie go head-to-head on the ETS review - part 1