Auckland Council hires Suzanne Tindal as CFO

Auckland Council, which has assets of almost $40 billion and annual revenue of $3.3 billion, named Suzanne Tindal as chief financial officer following the departure to Fletcher Building last year of Andrew McKenzie.

Tindal, a former executive at Commonwealth Bank of Australia's Bankwest unit is currently director-consulting at PricewaterhouseCoopers in Auckland.

"Suzanne joins us at a time when we have a solid AA credit rating, which is stronger than any New Zealand bank," Auckland Council chief executive Stephen Town said in a statement.

According to an investor presentation in October, the council's debt portfolio included 56 outstanding issues at June 30, of which 46 percent were domestic retail and wholesale and 34 percent was offshore. Group debt is projected to grow to more than $12 billion by 2022 from $6.3 billion as at June 30 last year.

(BusinessDesk)

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