Sharechat Logo

Power to quit politics at next election

Wednesday 2nd March 2011

Text too small?

Commerce Minister Simon Power is to retire from politics at the election in November.

Power said he was looking forward to continuing to contribute towards New Zealand's growth, but in the private sector.

"I'm proud of the reforms I have instigated and driven in the commerce area - the changes in oversight and supervision of financial markets, and the new regime around corporate trustees and financial advisers," he said.

"Leading the work on the Single Economic Market with Australia has been particularly enjoyable and rewarding."

"I have also enjoyed using the experience I have gained to refocus state-owned enterprises on better performance, refreshing their commercial boards, and driving the move towards public disclosure regimes that are based on those of publicly listed companies."

Power is the fourth-ranked Minister in John Key's National-led Government and also holds the posts of Minister of Justice, Minister for State owned Enterprises, Associate Minister of Finance and Deputy Leader of the House.

"It's been an exciting and rewarding time and I've achieved a lot, but now I feel it's time to move onto something else."

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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:

Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report
Greenfern Industries Limited (NZX: GFI) L&Q Notice
TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
20th October 2021 Morning Report
Freightways Limited (NZX: FRE) Acquisition of ProducePronto
19th October 2021 Morning Report
PGG Wrightson Limited (NZX: PGW) Guidance Update
Vital Limited (NZX: VTL) Provides Update on PSN LMR
18th October 2021 Morning Report