Sharechat Logo

Treasury Secretary nominated to World Bank

Tuesday 2nd November 2010

Text too small?

Finance Minister Bill English has announced the government is to nominate Secretary to the Treasury John Whitehead as an executive director to the World Bank.

“It is an important strategic opportunity for New Zealand to exert influence at the World Bank, and to develop networks and raise our profile,” said English.

It is New Zealand’s turn to represent the constituency that it shares at the World Bank with Australia, the Republic of Korea and several other Pacific Island and Asian states.

New Zealand is due to rotate into the Washington-based role for a two-year term from August 2011.

"I'm delighted that a person of Mr Whitehead’s calibre has emerged as the preferred candidate to represent the constituency,” said English.

"Mr Whitehead is an experienced economic policy-maker and strategic thinker, and someone with excellent people and representational skills. He will be a high quality Executive Director for our World Bank constituency.”

The Minister of Finance, as New Zealand’s governor to the World Bank, nominates an appointee and then constituency members are consulted on a "no-objections basis".

The process also requires the nomination to be confirmed by the World Bank Board.

Mr Whitehead’s contract as Chief Executive and Secretary to the Treasury is due to expire in April 2011.

Most of Mr Whitehead's 34 year career in the Public Service has been spent at the Treasury and he was appointed as Secretary to the Treasury in April 2003.

 

 

  General Finance Advertising    

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.

Related News:

Telecom will offer CEO and senior managers performance equity grants to boost profits
Former Fonterra executive Alison Andrew appointed to head Transpower
MRP director Miller, CFO Meek go trawling for cheap shares
Rob Fyfe to leave Trilogy board, seeks new senior role in NZ
David Ross appears at District Court hearing, remanded until Aug.29
Crown drops charge against ex-SCF finance chief Graeme Brown
Postie Plus appoints No 1 Shoes executive Binns as new CEO
Pumpkin Patch CEO Neil Cowie resigns to take job with rival retailer
George Alexander Louis
Time to Move Before You Get Caught in the Meridian Watershed

IRG See IRG research reports