Fonterra's van der Heyden tapped for Tainui Group board

Henry van der Heyden has been appointed to the board of Tainui Group Holdings, the commercial arm of the Waikato-based tribe, replacing John Spencer whose term as chairman ends on June 30.

Van der Heyden, who steps down as chairman of Fonterra Cooperative Group this year, will be one of Tainui Group’s three independent directors.

Tainui’s board will elect a new chairman at its first meeting following the changeover, it said in a statement.

Tainui Group oversees a portfolio of mainly property investments that were valued at $496 million in 2008, according to its website.

Assets include a 70 percent holding in Novotel Auckland Airport, the land beneath Waikato University and Huntly Power Station and the Ruakura Estate which is leased to AgResearch.

Spencer leaves Tainui after 10 years as chairman of the group.

Van der Heyden’s directorships include Auckland International Airport, Rabobank Australia, Rabobank NZ and Elevation Capital Management.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Fletcher Building Announces Director Appointment
Meridian issues new demand response exercise notice to NZAS
CRP - Chatham Closes Private Placement of Shares
General Finance - Olympic Term Deposit Promotion featuring a Special Bonus of 0.1%
July 22nd Morning Report
VCT - Operational performance for the year ended 30 June 2024
Challenge to banks the way to go
Bigger returns or lower risk?
NPH - Director Appointment
July 19th Morning Report