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Fonterra’s van der Heyden tapped for Tainui Group board
Fonterra’s van der Heyden tapped for Tainui Group board, replacing John Spencer
April 2 (BusinessDesk) – 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)
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