July 02, 2014
Jobs part of $1.1b wealth plan
The chief executive of Tainui Group Holdings says the company is looking for more investments to grow not just the tribe’s wealth but the employment prospects of its members.
The company has reported a 27 percent rise in operating profit for the 2014 financial year, helping to boost Waikato Tainui’s assets to $1.1 billion.
Mike Pohio says that has taken commercial discipline and a close working relationship with the tribe’s executive and governing bodies Te Arataura and Te Kauhanganui.
He says the purchase of a stake in local manufacturer Waikato Milking Systems during the year was part of a new strategy of diversifying its investment portfolio, which has been concentrated in land development, hotels and retail.
" We are looking for businesses exactly like Waikato Milking Systems that have a very good management team have strong growth prospects it's in a sector that offers great potential in the future and of course being local there are employment opportunities here for Waikato Tainui members thats an area that we'll be looking for pathways for Waikato Tainui who are looking to be employed with businesses like that. That are looking to grow and needing a strong workforce to enable that growth to occur " says Mike Pohio from Tainui Group Holdings.
FOR THE FULL INTERVIEW WITH MIKE POHIO CLICK ON THE LINK
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