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
Port of Tauranga chairman John Parker is this year’s winner of the Shareholders Association’s annual Beacon Award for outstanding performance.
The award is to be presented at a dinner function in Auckland tonight.
Mr Parker joined the Port of Tauranga board in 1996.
Association chairman John Hawkins says during Mr Parker's tenure the port company has been one of the best-performing stocks on the New Zealand sharemarket, with the share price almost trebling since he became chairman in 2004.
“Large fixed infrastructure such as port facilities are not usually seen as anything except steady income investments.
"But here we have proof that with a clear vision, steady growth strategy and an inclusive approach which leads to unity of purpose, all led by John Parker, it is possible to do very much better.”
Port of Tauranga is a great example of the mixed ownership model in action, Mr Hawkins says, with 55% owned by the local regional council.
“Being allowed to run the business along strictly commercial lines has resulted in huge benefits to the local community, wider region and outside investors alike. Being able to maintain this arrangement over an extended period is testament to Mr Parker’s skills,” he says.
Mr Parker says he’s “egotistical enough to love the accolade from an organisation I certainly respect".
“However, I am also realistic enough to know that while Port of Tauranga has done extraordinarily well, it is really an award for the company and not me.”
Recent winners of the Beacon have included Simon Challies, Rob Fyfe, Sir Michael Hill and Bruce Plested.
The Shareholders Association has not yet named the winner of the less sought-after Golden Globe award.
Last year’s winner was now jailed Bridgecorp boss Rod Petricevic.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Reserve Bank to press ahead with plans to carve out property investment lending
- Wool prices hold at elevated levels as volumes decline
- CPA Australia takes defamation case against rival accounting body NZICA
- Changing consumer habits lead to retail exodus in Tauranga’s CBD
- Why bureaucrats shut down Pike River case