HOGGARD Kerry

Agribusiness
$90 million

Kerry Hoggard ended a near 50-year relationship with Nufarm this year, having helped it grow from a small local fertiliser firm to a listed entity with hundreds of millions of dollars in annual sales.

Mr Hoggard, who started with the company in 1957 before eventually becoming chief executive in 1987, and later chairman until 2009, resigned as a Nufarm director in February this year.

His departure came on the same day managing director and chief executive Doug Rathbone also announced he was stepping down, as Nufarm looks to cut its costs by about $100 million.

But it was off that beaten track and on to the horse track where Mr Hoggard was busiest, despite his stepping down as chairman of the Racing Integrity Unit in early 2013.

Mr Hoggard maintains a role as chairman of Alexandra Park, the home of Auckland Trotting Club, which in February unveiled an ambitious $200 million property development for the carpark adjacent to the ASB Showgrounds.

Alexandra Park is celebrating its 125th year of harness racing but sees the move as an opportunity to ensure a long-term future for the club.

The proposed development will comprise of high-end retail space over four buildings with 231 apartments above, ranging in price from $550,000 to $1.6 million.

It will cost more than $205 million, with the club’s borrowing expected to reach up to $186 million.

Members of the club voted in the plan’s favour at a special meeting, which Mr Hoggard described as the most significant in the club’s history.

The Blues Super Rugby franchise also committed to leasing a $4 million high-performance training facility at Alexandra Park the racing club will build and own..

“The board is unanimous it can deliver,” Mr Hoggard was reported as saying.

“There is no second prize in this exercise."

Either way, Mr Hoggard will be able to saddle up for the ride from his $2.35 million Millbrook Resort retreat in Queenstown, which he purchased in late 2013.