RESEND: Tainui Group Holdings CEO Mike Pohio resigns after building $840M asset base

Friday 23rd January 2015

Tainui Group Holdings chief executive Mike Pohio has resigned after eight years at the helm to pursue governance opportunities.

In a statement, Pohio said the time was right for a new chief executive to lead the Waikato-based company’s plans for the next decade. The TGH board will now conduct a search for a new chief executive to succeed Pohio who will leave in mid-April.

Chairman Henry van der Heydn said Pohio has built confidence in the group as well as strong foundations.

“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,” van der Heyden said.

Pohio also led the group’s strategy to diversify its investments beyond property, with the company taking shareholdings in Waikato Milking Systems, Go Bus and Genesis Energy.

Maxine Moana-Tuwhangai, who chairs Te Kauhanganui, the Waikato-Tainui Iwi Authority overseeing TGH, said Pohio had positioned the group to grow returns for Waikato-Tainui and helped start the journey in diversifying their investments.

“He has built a highly capable team at TGH and brought the tribe’s values into the business,” she said.

Pohio's resignation comes as Waikato-Tainui celebrates 20 years since its $170 million settlement with the Crown.

BusinessDesk.co.nz

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