Tainui Group announces new directors
Tainui Group Holdings (TGH), the intergenerational investor for Waikato-Tainui today announced two new appointments to its board of directors.
TGH chair Sir Henry van der Heyden said the new appointments align to the emerging strategy of the commercial arm for the iwi to help set TGH up for the future.
Dean Bracewell (Ngaati Maniapoto), formerly managing director at transport and logistics company Freightways Group for almost 20 years (and currently an adviser to the board of TGH) has been appointed as an independent director. Commencing in August 2019, Bracewell will replace sitting independent board member Matthew Cockram who retires by rotation after serving on the board for nine years.
In addition, Mark Petersen – with a strong background in property and port governance (including with Augusta Property Fund, Shortland Properties and CentrePort) – will commence as an adviser to the TGH board in August. Petersen’s role will transition to independent director of TGH in April 2020 when another long-serving TGH director is due to retire by rotation.
Sir Henry welcomed the two new appointments to the board. “Dean and Mark bring a wealth of experience in sectors such as logistics and property that remain at the heart of our strategy for TGH. With signature projects such as our inland port at Ruakura and construction of a new hotel with Auckland Airport now well under way, Dean and Mark will help us deliver multi-generational benefits for Waikato-Tainui,” he said.
Long-serving director Cockram will stand down from the TGH Board in August 2019.
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