26 / 100
Tainui Group Holdings
(TGH) has worked hard
during the 2015 financial
year to ensure it has the
people, structure, and
finances to deliver the
benefits of diversification
for Waikato-Tainui.
The team has undergone
some change this year with the
departure of experienced leaders
Mike Pohio and Nathan York,
though overall staff numbers
remain at 35 people. TGH’s
values of Mahitahi, Kaiitiakitanga,
Manaakitanga and Pono me
te Tika have proved invaluable
touchstones at a time of change.
In January 2015, TGH welcomed
a new General Manager of
Property, Dean Shields, bringing
with him a proven track record in
managing property throughout
all the stages in the property
investment cycle – developing,
operating and divesting.
In support of this we have
made changes to the structure
of the team within The Base
– reflecting how The Base is
moving from a development
phase to more of an operational
one – and setting up The
Base on a more autonomous,
self-managed basis with less
reliance on external suppliers for
example, around leasing.
Within the business, we have
restructured our debt so that
a number of TGH’s assets are
no longer used as security and
hence better protected from
risk. We have also restructured
operating subsidiaries so that
we are set up in the most
transparent and tax efficient
way to deliver on our
diversification strategy.
commerc i al
TE MAHI PAKIHI
TGH is actively supporting wider
tribal initiatives to create jobs
for Waikato-Tainui people. In
mid-January 2015 Kingi Wetere
was hired in the new role of
Employment Opportunities
Manager at TGH to maximise
work opportunities from the
business investments, networks
and partnerships of TGH. Kingi
is working in close partnership
with staff at the Waikato Raupatu
Lands Trust, the Waikato Raupatu
River Trust, training providers,
government agencies, the
Ministry of Social Development
and business partners to achieve
this, with a number of promising
developments already underway
by financial year’s end.
After resigning as CEO in
January 2015, Mike Pohio
finished up in mid-April after
eight years with TGH. This
included leading signature
projects such as the
development of The Base, the
award winning Novotel Auckland
Airport Hotel, and securing
a zoning change for land at
Ruakura.
In more recent times Mike was
instrumental in forming TGH’s
new strategy to diversify its
investments beyond its strengths
in property. A comprehensive
search process is now in
progress to find a successor for
Mike. Chris Joblin, who has been
Chief Financial Officer since
2009, is currently the Acting
CEO of TGH.
$12.5M
dividend wa s paid from tgh
to fund tribal ac tivites
oper at ions report
24