Academic journal article The Reserve Bank of New Zealand Bulletin

Government Announces New Appointments

Academic journal article The Reserve Bank of New Zealand Bulletin

Government Announces New Appointments

Article excerpt

9 March 2012

News release issued by the Minister of Finance

The Government has appointed board members to two new Crown companies--Southern Response Earthquake Services Ltd and Crown Asset Management Ltd--and reappointed Reserve Bank chairman, Arthur Grimes.

Southern Response Earthquake Services Ltd is the renamed residual parts of AMI Insurance that will remain in Government ownership once the sale of AMI Insurance's non-Christchurch earthquake related business is finalised.

The Government announced Ross Butler as chairman last year. He will be joined on the board by Anne Urlwin (deputy chair), Jenn Bestwick, Bevan Killick, Susan Thodey and David Whyte. The board members will take up their new roles when the sale process is complete. This is expected to be in April.

"All appointees have relevant governance or senior executive level backgrounds that collectively offer the skills required for the establishment board. I am confident the new board will effectively assist the residual company to assess and meet AMI's Canterbury earthquake-related claims," Mr English says. …

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