April 14, 2015
Pohio leaves with trust high
The outgoing head of Tainui Group Holdings says the most important part of the job is building and maintaining trust.
Mike Pohio took on the chief executive’s role eight years ago after a period of turmoil in which the tribe had to sell assets to pay off bank loans.
He won back the confidence of bankers and oversaw an increase in assets from $300 to $800 million.
Highlights include developing The Base shopping mall at Te Rapa and the Auckland Airport Novotel, starting work on an inland port at Ruakura, and more recently diversifying the portfolio through investments in companies like Waikato Milking Systems, Go Bus and Genesis Energy.
He says he avoided tribal politics and focused on doing the right thing.
Mike Pohio says a recent covenant signed with the tribe means the company is starting to get more involved in issues like employment and housing.
Chief financial officer, Chris Joblin is acting chief executive while a replacement is sought.
FOR THE FULL INTERVIEW WITH MIKE POHIO CLICK ON THE LINK
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