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Hot Topic NBR Focus: GMO
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Neil Quigley takes top chair on Reserve Bank board

Neil Quigley has been elected chairman of the Reserve Bank's board of directors, replacing Rod Carr who is leaving early.

Sophie Boot
Tue, 27 Sep 2016

Neil Quigley has been elected chairman of the Reserve Bank's board of directors, replacing Rod Carr who is leaving early.

Dr Carr's term was set to end next July but he advised the board he would not seek re-election, so stood down, with Professor Quigley's term as chairman officially beginning last Friday, the board said in a statement. Dr Carr is a former deputy governor and acting governor of the Reserve Bank and has been involved in its governance for 10 years.

Directors are appointed by the minister of finance for five-year renewable terms and elect their own chair for one-year terms. The chair appoints a deputy chair for a one-year term. The board monitors the governor and central bank's performance and reports.

Professor Quigley is vice-chancellor of the University of Waikato, and has previously worked at Victoria University of Wellington as senior manager and economics professor, and Canada's University of Western Ontario. He has been a member of the board since 2010.

Kerrin Vautier has been appointed deputy chair, having also been on the board since 2010. Mrs Vautier is a consulting research economist and a lay member of the High Court.

"Rod has provided over a decade of invaluable service to the bank, spanning key management and governance roles," governor Graeme Wheeler said. "He has been an outstanding chairman and the bank has benefited greatly from his intellectual rigour and sound advice and judgment."

(BusinessDesk)

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Sophie Boot
Tue, 27 Sep 2016
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Neil Quigley takes top chair on Reserve Bank board
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