close
MENU
1 mins to read

Younger Gough at the head table

One of the younger generation of Goughs is being groomed to take the boardroom reins with the appointment of Jamie Gough, 25, as a director.Mr Gough's experience in civic affairs to date has been as a community board member for Christchurch's Fendalton/Wa

Chris Hutching
Wed, 29 Sep 2010

One of the younger generation of Goughs is being groomed to take the boardroom reins with the appointment of Jamie Gough, 25, as a director.

Mr Gough’s experience in civic affairs to date has been as a community board member for Christchurch’s Fendalton/Waimairi Ward after the 2007 local body elections and working for uncle Antony, helping manage his property empire, Hereford Holdings.

In 2009 he was elected an executive member of the Christchurch Central City Business Association Board by the local business community and is a member of the New Zealand Institute of Directors.

The Gough Group imports equipment and services for the infrastructure, mining, forestry, transport and power system industries. It is best known for being the sole New Zealand Caterpillar heavy machinery dealer for almost 80 years.

Antony Gough, a major shareholder in the Group, says the appointment of Jamie Gough will inject some fresh thinking into the company.

The Gough Group has more than 750 employees in 37 locations across Australia and New Zealand. It is made up of three distinct parts; the Equipment Group, the Transport Group and the Finance and Corporate Services Group. There are 10 business units operating within The Gough Group in a variety of industry sectors. It employs more than 1000 staff.

David Faulkner, former chief executive officer of Fulton Hogan, has also joined the six-member board, following two retirements.

The Gough family holdings are estimated to be valued at about $300 million, although some commentators believe they may be worth nearly $2 billion, depending on how it is calculated and how many members’ interests are included.

Jamie Gough is the son of property investor Tracey, whose sister Avenal also has her own business interests.

Last year the Gough family reasserted their influence over Gough, Gough & Hamer with the appointment of two more family members as directors from the third and further generations - co-founder Tracy T Gough's great-grandson Alex McKinnon (son of Avenal) and grandson of Tracy T Gough, Ben Gough.

Gough, Gough & Hamer is just one of the companies under Gough Holdings and there are various family trusts holding their interests.

Chris Hutching
Wed, 29 Sep 2010
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Younger Gough at the head table
8924
false