Tainui Group Holdings to farewell CEO Mike Pohio

MEDIA RELEASE

Tainui Group Holdings to farewell CEO Mike Pohio

Hamilton, 23 January 2015. Tainui Group Holdings (TGH) Chief Executive Mike Pohio today announced his resignation to pursue governance opportunities, believing the time is right for a new CEO to lead the company’s exciting plans for the next decade.

TGH Chairman Sir Henry van der Heyden says Mr Pohio’s eight years at the helm has been instrumental in building confidence in TGH as well as strong foundations for the company.

“Under Mike’s leadership, the assets of TGH have grown by $500 million to over $840 million. Mike has led signature projects such as the development of New Zealand’s largest shopping centre, The Base, the award winning Novotel Auckland Airport Hotel, and securing a zoning change for Waikato-Tainui land at Ruakura,” Sir Henry said.

In more recent times Mr Pohio has led the development of TGH’s new strategy to diversify its investments beyond its strengths in property, and the Company has taken the first steps with shareholdings in Waikato Milking Systems, Go Bus and Genesis Energy.

Maxine Moana-Tuwhangai, who chairs Te Kauhanganui the Waikato-Tainui Iwi Authority, thanked Mr Pohio for his strategic leadership.

“Mike Pohio has positioned TGH to grow returns for Waikato-Tainui and helped us start our journey to diversify our investments. He has built a highly capable team at TGH and brought the tribe’s values into the business,” she said.

Rahui Papa, Chairman of Te Arataura, the tribe’s executive board said the tribe was proud of the commercial progress made during the past eight years and mihi to Mr Pohio for serving Waikato-Tainui now and into the future.

“Quality developments and investments led by Mike have helped establish an overall billion dollar platform of assets for Waikato-Tainui, built respect for TGH and promise a future with more opportunities for our Waikato-Tainui people,” Mr Papa said.

The TGH Board will conduct a comprehensive search for a CEO to succeed Mr Pohio who will leave TGH in mid-April this year.

ENDS

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