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Ngai Tahu Property has gone for an internal promotion to replace chief executive Tony Sewell, who is retiring after 21 years overseeing the growth of the tribe’s commercial properties.
The new boss is David Kennedy, who has been working for the company as its Auckland general manager since June.
As chief executive of the Eden Park Trust he oversaw the $270 million upgrade of Eden Park for the 2011 World Cup, and he has also held senior positions with Sky City, St Lukes Group and Westfield NZ Shopping Centre.
Ngai Tahu Property chair Barry Bragg says while Mr Kennedy doesn’t have Ngai Tahu whakapapa, he does have a values and family-based approach to business.
"His leadership capability is important for developing our whakapapa involved in the business now so that is a key role. He has expansive property experience. We are running a business that is competing in the national and international markets, so that is also critical for the role," Mr Bragg says.
Mr Kennedy will be moving to Christchurch, but Mr Bragg says the company will continue to seek suitable investments and developments in Auckland.
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