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New Kāinga Ora board appointed with mandate to reduce losses and ensure financial sustainability

Kainga Ora board news
St George’s Road Avondale. Image – Kainga Ora.

The government has announced a new board for Kāinga Ora, following the resignation of chief executive Andrew McKenzie.

Housing Minister Chris Bishop named the new members, including Ceinwen McNeil, who was part of a review team with former National Party Prime Minister Sir Bill English. The new board, which includes Arihia Bennett, Jenn Bestwick, Alan Dent, Peter Jeffries, and Fiona Mules, is tasked with reducing operating losses and ensuring financial sustainability.

The previous chair was replaced by Simon Moutter in May after the review’s delivery.

Bishop told media the importance of financial responsibility and outlined expectations for the new board, including developing a credible “turnaround plan” to eliminate losses. Effective management of Kāinga Ora’s $45 billion assets are essential, said Bishop.

The plan will address investment scenarios, visibility of capitalised costs, and delivery of Crown-funded programs.

Labour housing spokesperson Kieran McAnulty criticised the government’s approach, accusing it of dismantling state assets and claiming the review was biased.

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1 COMMENT

  1. What about health?
    Is that not on their mission statement?
    Obviously not.
    They were paid by the zionist death cult to push the biotoxin and shut up.
    Good money
    Good blood money.
    Great for business.
    And protected.

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