Sir Ralph Norris, Whaimutu Dewes join Treasury board

Sir Ralph Norris

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

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.

(BusinessDesk)


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7300 -0.0054 -0.73%
AUD 0.9318 0.0013 0.14%
EUR 0.6622 0.0002 0.03%
GBP 0.4713 0.0019 0.40%
HKD 5.6645 -0.0371 -0.65%
JPY 88.6600 -0.3460 -0.39%

Commods

Commodity Price Change Time
Gold Index 1204.0 -2.050 2015-05-22T00:
Oil Brent 65.9 -1.130 2015-05-22T00:
Oil Nymex 59.7 -1.040 2015-05-22T00:
Silver Index 17.0 -0.080 2015-05-22T00:

Indices

Symbol Open High Last %
NZX 50 5769.3 5785.2 5769.3 0.12%
NASDAQ 5085.4 5103.8 5090.8 -0.03%
DAX 11881.5 11881.8 11864.6 -0.42%
DJI 18286.9 18286.9 18285.7 -0.29%
FTSE 7013.5 7061.7 7013.5 0.26%
HKSE 27723.7 28041.3 27523.7 1.70%
NI225 20208.8 20278.3 20202.9 0.30%