Aurora/Delta new directors

Dunedin City Council – Media Release
New directors appointed for Aurora and Delta boards

This item was published on 03 Jul 2017

Dunedin City Holdings Limited (DCHL) has appointed three new directors within its group as part of changes to the Aurora Energy and Delta Utility Services companies which take effect from today, Monday, 3 July. DCHL Board chair Graham Crombie says that Margaret Devlin and Brenden Hall have been appointed to the Aurora Board, while Steven Grave has been appointed to the Delta Board.

“There was strong interest in these vacancies, with a total of 80 applications received from throughout New Zealand and overseas. I’m delighted that we’ve been able to appoint three talented and experienced people to these roles.”

Mr Crombie says the board appointments have been made as a result of DCHL implementing one of the key recommendations from a Deloitte review of the companies’ network maintenance processes late last year. Deloitte recommended that Aurora and Delta should have different board members with no commonality of directors. As previously announced, current board members Steve Thompson and Dave Frow remain on the Aurora board only, with Mr Thompson as chair. Brian Wood and Trevor Kempton will remain on the Delta board only, with Mr Wood as transition chair. “The changes will see the companies fully separate with Aurora being the asset owning and management company, while Delta will revert to a contracting company. The skills required in each company from a governance perspective are different,” he says. “However, it is important that some continuity is maintained within the governance structures. The decision was therefore made early on to have two of the current directors move to each new board.” DCHL expects to make an appointment to fill the one remaining director vacancy on the Delta Board, within the coming weeks.

Director fees totalling $220,500 for Aurora and $204,000 for Delta, as recommended by an independent review by the Institute of Directors were approved by DCHL and endorsed by the Council. These fees compare to the current total fees for the combined companies of $258,250.

Contact DCHL Chair on 034774000 | Mobile: 0274363882
DCC Link

█ Media release – New directors appointed for Aurora and Delta boards
(PDF, 54.1 KB)

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The A/D directors forever joined at the hip think they can tough it out by collecting fees.

Both the non-retiring and the newbies appear grey around the gills, deadhead controlling and incapable of clean governance.

Larks, it appears Mr Crombie is staying on at DCHL. Not enough lawn mowing at Clyde to wobble his wattles.

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Posted by Elizabeth Kerr

This post is offered in the public interest.

Delta purchases | Vandervis OAG complaint accepted

Read latest comments at this thread

### ODT Online Mon, 12 Nov 2012
Councillor lodges Delta purchase complaint
By Simon Hartley
A complaint has been lodged with the Office of the Auditor-General by Dunedin city councillor Lee Vandervis over Central Otago subdivision purchases which soured and left the council millions of dollars out of pocket.

DCC infrastructure company Delta bought part of a subdivision in Luggate in July 2008, and another at Jacks Point, near Queenstown, in May 2009, but their value has subsequently been written down by millions of dollars.

In mid-October, the DCC announced a $9 million write-down of Delta investments, including the subdivisions, which contributed to the Dunedin City Holdings Ltd (DCHL) group of companies’ booking a $5 million loss for the year to June.
Cr Vandervis claims pre-purchase details of the Jacks Point and Luggate subdivision acquisitions, plus details of City Forests’ mothballed wood-processing plant at Milburn, are being withheld from him.
Cr Vandervis contacted the Otago Daily Times yesterday, saying the Office of the Auditor-General had accepted his complaint and it had been passed on to its investigation unit, but he was yet to hear if the OAG would launch a full investigation.
Read more

A copy of the formal complaint was forwarded to What if? Dunedin on Thursday, 8 November 2012.

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Fairfax | DScene publishes Cr Vandervis’ questions (page 3):

Mayor sees red over Vandervis questions (ODT, 30.10.12)

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Related Posts:
31.10.12 Dunedin City Council – all reports posted, belatedly!
30.10.12 DCHL ‘run by a bunch of fools’ -agreed
26.10.12 No cloud has lifted off DCC, the sins are too great and numerous
26.10.12 DCHL: New directors for Aurora, Delta, City Forests
26.10.12 DCHL borrowed $23 million to bail DCC
17.10.12 The only thing up…. (for sale)
17.10.12 DCC on DCHL, subsidiaries and DCTL
12.10.12 DCHL, subsidiaries and DCTL
28.9.12 The End of The Golden Weather?
11.9.12 Delta Utility Services Ltd
30.8.12 DCC seen by Fairfax Business Bureau deputy editor Tim Hunter
24.8.12 Dunedin’s 3 waters, no CCO
16.8.12 Dunedin water assets
29.3.12 Dunedin City Council company sponsors Highlanders
7.3.12 DScene: Call for full inquiry into stadium project
20.12.11 Delta and the GOBs #DCHL #DCC
18.11.11 Delta rebrand
29.7.11 WE ALL SAID IT #DunedinCityCouncil #SHAME
9.2.11 DCC and DCHL, was there ever any doubt?
26.8.09 DScene: Delta, STS, DCC larks
9.7.09 Delta dawn what’s that flower…

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Posted by Elizabeth Kerr

DCHL: New directors for Aurora, Delta, City Forests

Dunedin City Council
Media Release

New Directors for Dunedin City Holdings Company Boards

This item was published on 26 Oct 2012.

Appointment of New Directors to the Board of Aurora Energy Limited and Delta Utility Services Limited

The Board of Dunedin City Holdings Limited is very pleased to announce that Dr Ian Parton and Mr Dave Frow have been appointed as new Directors of Aurora Energy Limited (“Aurora”) and Delta Utility Services Limited (“Delta”). Both of the new Directors come to the Company with distinguished careers as engineers and extensive governance backgrounds.

Effective from 1 November 2012, the directors will join Mr Ray Polson and Mr Stuart McLauchlan on the two boards which will comprise four members in the meantime.

Dr Parton is a Distinguished Fellow and Past President of the Institution of Professional Engineers of New Zealand. Dr Parton was for fifteen years Managing Director of Meritec Group Limited (formerly Worley Group Limited) and more recently was Transition Chief Executive of Watercare Services Limited managing the integration process with respect to amalgamation of the wholesale and retail water companies which resulted from the “Super City” initiative in Auckland. Dr Parton is a Director of Auckland Transport Limited and Skellerup Holdings Limited and is also Pro-Chancellor of the University of Auckland.

Mr Frow’s background since coming to New Zealand from South Africa in 1979 has largely been in the electricity industry. He worked with the Ministry of Energy for nine years before joining Electricity Corporation of New Zealand where he became Chief Executive in 1992 through until 1999. Subsequently Mr Frow has served on the Boards of Waste Management Limited and Unison Networks Limited. He was a member of the Telecom Independent Oversight Group through to December 2011 and is currently a Director of ETEL Limited and Holmes Fire & Safety Limited both of which companies are involved in the electricity industry. Mr Frow is a Fellow of the Institution of Professional Engineers of New Zealand.

Dunedin City Holdings Limited is very pleased to have obtained the services of these two Directors who will bring to the Boards of Aurora and Delta vast experience in the areas in which each of these companies operate.

Appointment of New Directors to the Board of City Forests Limited

Following agreement from the Dunedin City Council, Dunedin City Holdings Limited is pleased to announce the names of two new directors for the board of City Forests Limited. The appointments are to be effective from 1 November 2012.

The two new directors, both from Dunedin, are Mr John Gallaher and Mr Tony Allison. They will join Mr Ross Liddell and Mr Mike Coburn on the board which will comprise four members.

Mr John Gallaher is a senior investment professional with Forsyth Barr Limited who began his commercial career with roles in banking, finance corporate management and marketing 35 years ago. John is Chairman of TracPlus Global Limited, Daestra Holdings Limited, United Way NZ Limited, Tui Motu Foundation Inc. and the Upstart Investment Committee and he has several other directorships.

Mr Tony Allison is currently the CEO of Night ‘N Day Foodstores Limited that in the last few days ranked very highly in the Deloitte Fast 50 List. Prior to that he was the Chief Operating Officer and a director of Calder Stewart Industries Limited where he gained experience of forestry operations. Tony is also currently a director of AA Cleaners (Otago) Limited, St Clair Beach Resort, Southern Team Co 2008 Limited and the Southern Steel Netball Team.

Both these two Dunedin directors have excellent corporate governance understanding and collectively they will bring to the board experience of governance and the forestry industry relevant to the business of City Forests Limited.

Contact Denham Shale, Chairman, DCHL on 021 375 112.

DCC Link

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Posted by Elizabeth Kerr