New CEO for FRST

Media Statement 21 January 2004

New CEO for Foundation for Research, Science and Technology

The government agency that funds most of New Zealand's research, science and technology has a new Chief Executive. He's Murray Bain who is currently Assistant Governor at the Reserve Bank.

Announcing this today the Chairman of the Foundation for Research, Science and Technology, Neil Richardson says Mr Bain has held a wide variety of senior management positions in both private and public organisations including the Trust Bank Group, ACC, Industry New Zealand and the New Zealand Wool Board. In addition, he currently holds a number of director positions including a Crown Research Institute - Environmental Science and Research Limited and private companies.

He says Mr Bain brings to the Foundation wide experience of successfully managing diverse and changing organisations both within and external to Government. The Board believes this experience will ensure he provides the leadership to successfully execute the challenging strategies and plans envisaged for the next few years. Murray Bain holds M Com (Hons) Economics and BSc Pure Mathematics degrees from the University of Canterbury. He will take up his position at the Foundation on 29th March.

Gowan Pickering the retiring CEO, will remain at the Foundation until early April to ensure a smooth transition.

ENDS

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