On the move, March 2017

Dufaur quits Goodman
Sabbatical & raise for Steel & Tube’s Elrick
Gurton takes over from Field at RCP Wellington
Thacker & Waalkens move to Bayleys Valuations
Kernahan replaces Darlow as head of Fletcher Construction
Kiwi Property’s transactions head leaves
Jasmax appoints senior interior designer for residential team
Tommy’s appoints head for new property management division
Rathbun joins Commercial Realty
Ex-Horowhenua mayor added to Local Government Commission for year
Malpass joins Steel & Tube board

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

Peter Dufaur.

28 March 2017:

Dufaur quits Goodman

Peter Dufaur has resigned as development general manager for the Goodman Property Trust, and will leave the business on 30 September.

John Dakin, chief executive of trust manager Goodman (NZ) Ltd, said: “Peter has led a very successful development business for Goodman over the last 12 years, including the build-out of the Highbrook Business Park, now a $1 billion investment for Goodman Property Trust.”

Before joining Goodman, Mr Dufaur specialised in retail development for the Kiwi Income Property Trust.

Sabbatical & raise for Steel & Tube’s Elrick

Steel & Tube NZ Ltd has granted its chief financial officer & company secretary, Jane Elrick, an 8-month sabbatical, with the intention that she will return to a new executive position in February 2018. The company is seeking a replacement to fill her old roles.

Ms Elrick joined Steel & Tube in 2011 after finance roles at Deloitte Touche Tohmatsu, the NZ Dairy Group, Fonterra Ltd, Zespri Group Ltd, Synlait Ltd & Livestock Improvement Corp Ltd.

Ben Gurton.

26 March 2017:

Gurton takes over from Field at RCP Wellington

Ben Gurton will take over from Andrew Field as RCP Ltd’s Wellington manager on 1 April, with a 3-month transition after that.

Mr Field is moving to Auckland on 1 July to lead a redevelopment workstream at Auckland University.

Andrew Field.

RCP managing director Jeremy Hay and director Cristean Monreal said the change came as RCP widened its services to include infrastructure management.

Mr Field has been RCP’s Wellington manager since 2010 and also worked for the company from 2002-05. He’s also worked at The Estimator, Worley Architects & Rider Levett Bucknall. He has a master of architectural studies degree from Auckland University and is a LEED-accredited professional.

Mr Gurton joined RCP in 2006 and was made an associate last year. He has a masters in construction management from AUT and a BSc (Hons) in construction project management from Brighton University in the UK.

Nick Thacker.

24 March 2017:

Thacker & Waalkens move to Bayleys Valuations

Bayleys Corp Ltd has appointed 2 former JLL valuers, Nick Thacker & Carl Waalkens, as directors of its valuation services division. Mr Thacker was at JLL for 10 years and Mr Waalkens for 8.

Mr Thacker’s expertise is predominantly in Auckland’s commercial, retail, development & childcare sectors and he’s also advised on a number of intensive housing developments & subdivisions.

Carl Waalkens.

Mr Waalkens’ expertise is predominantly in the Auckland commercial & industrial sectors. He also completes regular valuation exercises around regional North Island centres and has advised on a number of Auckland apartment developments.

Kernahan replaces Darlow as head of Fletcher Construction

Michele Kernahan.

In the wake of the disclosure of an estimated $110 million profit cut arising from losses & further downside risk in its construction division, Fletcher Building Ltd elevated Michele Kernahan to construction division chief executive yesterday, weeks after she was appointed as the division’s chief operating officer.

Her predecessor as chief executive, Graham Darlow, will remain on site, not retiring until the end of the financial year, 30 June.

Group chief executive Mark Adamson said Ms Kernahan “is an outstanding leader who has held a number of general management positions across the Fletcher Building group. Michele has an outstanding track record of delivery at Fletcher Building. She is a strong people leader who has consistently developed a high performance & customer-leading culture within the business units she has led. She is a great example of our commitment to developing our internal talent and we are proud to announce her appointment.”

Her previous general management roles include Laminex Australia (2 years in Melbourne until her move back to Auckland in February), Golden Bay Cement and Fletcher EQR, where she led the team managing the rebuild efforts in Christchurch.

Graham Darlow.

Ms Kernahan has an MBA from Canterbury University and has graduated from leadership & management programmes at the Wharton Business School, Stanford University Graduate School of Business and most recently the Harvard Business School.

Mr Darlow will retire at the end of the financial year after 29 years at Fletcher, the last 5 as construction chief executive. He joined the group in 1988 and worked on many landmark construction projects, including New Zealand’s museum Te Papa and the Waterview Connection in Auckland.

Earlier stories, 20 March 2017:
Fletcher Building cuts earnings guidance by $110 million
Fletcher Building to explain construction loss Monday morning

22 March 2017:

Kiwi Property’s transactions head leaves

Kiwi Property Group Ltd is looking for a replacement for head of transactions Miles Brown, who’s resigned and will leave the company on 11 April to run his own business.

Mr Brown began joined Kiwi Property in 2003 as special projects manager and was promoted to commercial portfolio manager in 2008 and head of transactions in 2011.

Chief executive Chris Gudgeon said: “Miles has been a key player in helping Kiwi Property realise its core property portfolio ambitions, through the strategic acquisition & sale of assets. While we are sorry to see Miles go, we wish him all the very best in his future endeavours as a business owner and thank him for his significant contribution here at Kiwi Property.”

Jasmax appoints senior interior designer for residential team

Tessa Pawson.

Architectural firm Jasmax Group Ltd has appointed Tessa Pawson as senior interior designer leading interior design for its residential team.

Ms Pawson has been an interior designer in Australia & New Zealand for 13 years, more recently leading a team in Auckland delivering award winning projects. She is a specialist in high end, multi-unit residential & apartment work for some of New Zealand’s foremost developers, and has also produced designs for commercial, hospitality & retirement developments.

She said the challenge & pleasure for her was in tailoring the design specifically & creatively for the client & the target demographic: “Key elements for me in any project are simplicity, texture & tone. Tastes differ greatly and a client’s brief is of utmost importance. My job therefore is to interpret these individual characteristics to deliver projects that exceed expectations.”

She has noted that there is a rapidly growing market in Auckland & other New Zealand centres for a fast-retiring baby-boomer market, a market segment which has previously received little focus.

“The target market is a key influence in how a designer plans the interior space. Empty-nesters, for example, are moving from large houses in the suburbs often into superb locations in the inner city. They still want bigger spaces with superior features and a much higher level of finish is expected. We are seeing more developers creating amenity spaces which encourage interaction, such as lounges & leisure areas where owners of these apartments can socialise or entertain.“

Ms Pawson has a Bachelor of Design (Interior) from Unitec, and her award-winning projects include Caro’s (Grey Lynn) & TRG Imaging (Milford).

Tommy’s appoints head for new property management division

Harrison Vaughan.

Tommy’s Real Estate in Wellington has appointed Harrison Vaughan to a newly created role as head of it property management division.

Managing director David Platt said: “Investment buyers are an important part of our business, and for some time we have considered establishing a property management service to meet the needs of this group of buyers. In Harrison, we have found someone with the necessary skills & qualities to head a small team offering a personal hands-on boutique service that will expand as demand dictates.

“Each year we sell in the order of 1000 residential properties from our city office alone and, with the growth in the rental market, a number of new owners are seeking reliable property & tenancy management.”

Mr Vaughan completed a Bachelor of Commerce at Victoria University of Wellington this year, majoring in marketing & information systems. He started his career at Tommy’s in an administration role in 2012 and became its information technology manager while completing his degree.

Mr Platt said Tommy’s was responsible for about 30% of residential property sales in Wellington city.

10 March 2017:

Brad Rathbun.

Rathbun joins Commercial Realty

Brad Rathbun has joined Commercial Realty Ltd as a leasing & sales consultant in its commercial & industrial services team. Mr Rathbun graduated from Auckland University with a Bachelor of Property degree in 2015. While at university, he worked as an on-site building manager at the Alpha & Victopia Apartments, where he assisted in leasing & management of over 300 individual apartments.

6 March 2017:

Ex-Horowhenua mayor added to Local Government Commission for year

Brendan Duffy, ousted as mayor of Horowhenua last October after 12 years in that role & 10 years as a councillor, has joined the Local Government Commission as a temporary member for one year. He was also appointed deputy chair of the MidCentral District Health Board in December.

Local Government Minister Anne Tolley said the appointment of Mr Duffy would assist the commission with its reorganisation work, particularly in the Wairarapa.

The commission is chaired by Sir Wira Gardiner, with members Janie Annear & Leigh Auton, and one other temporary member, Geoff Dangerfield, who was appointed last August to focus on Auckland.

5 March 2017:

Malpass joins Steel & Tube board

Mark Malpass.

Steel & Tube Holdings Ltd has appointed Mark Malpass to its board, effective 1 March.

Mr Malpass is a mechanical engineer, holds an MBA from Victoria University and has worked in the oil & gas sector with ExxonMobil for over 19 years, in New Zealand & internationally. His roles included Mobil Oil NZ country manager, and global planning based in Washington DC. He also held Asia Pacific regional & strategic roles based in Singapore.

After returning to New Zealand in 2011, Mr Malpass joined Fletcher Building Ltd. He was chief executive of its largest division, Infrastructure Products, which included steel distribution & manufacturing businesses. Since then he’s been providing strategic & advisory services to a range of Australasian businesses, including Fulton Hogan Ltd.

Mr Malpass is on the board of trustees of Auckland Grammar School and is a member of the NZ Institute of Directors. His previous chair, directorship & governance positions include The NZ Refining Co Ltd, the Sims Pacific Metals joint venture, the Ministry of Business, Innovation & Employment business advisory panel and Canterbury University Quake Centre.

New Steel & Tube chair Susan Paterson said Mr Malpass’s broad commercial skills and industry knowledge & relationships, specifically within the steel sector, would add value to the board.

Ms Paterson joined the board on 16 January and assumed the chair on 17 February. Sir John Anderson, who was appointed a director in November 2011 & chair in October 2012, will retire from the board on 31 March.

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