Ahuriri Investment Mgt. - Independent Director x 2

  

· Join a newly established entity and board

· Lead strategic direction and governance of an independent investment entity

· Use your property development, commercial, or investment, experience. 

Organisation description 

A historic opportunity has arisen to join an establishing board of a new, independent investment entity designed to manage and grow Napier ratepayer funds for the future. As one of two independent directors, you will play a pivotal role in guiding the strategic direction and governance of this ambitious initiative. This is a rare chance to shape the financial future of the city, ensuring that public investment assets are invested wisely, ethically, and with long-term growth in mind. 

Ahuriri Investment Management Ltd (AIM) is a Council Controlled Trading Organisation (CCTO) being established by the Napier City Council to manage a long-term investment portfolio, aiming to generate income for the city by utilising assets like the Parklands residential development land and commercial leasehold land, reducing the need to rely solely on rates to fund council activities; essentially creating a more financially sustainable future for Napier through strategic investments.     

As a Council Controlled Organisation (CCTO), Ahuriri Investment Management Ltd (AIM) will manage Napier City Council’s Investment Portfolio of $170M - $200M for commercial gain in a socially responsible manner whilst supporting Council’s core services and initiatives.    

Particular skills/competencies sought 

It is necessary that all candidates possess sound commercial judgement in decision-making and have a commitment to upholding the highest standards of personal integrity and ethical conduct. AIM is seeking a board with diversity of skills and the composition of the board will be of such that each director brings a differing area of expertise.

Applicants must have:

• Proven capability in providing sound strategic oversight and guidance.
• Exceptional business and commercial acumen
• Strong stakeholder engagement and relationship management skills
• The capability to navigate the intersection of a newly forming limited entity and the responsibilities of a CCTO.
• An understanding of governance and held a board position previously.

In addition, expertise in two or more of the following areas would be advantageous:

• Commercial property development
• Leasehold land/ property investment
• Legal, finance or audit skills
• Infrastructure asset management/ regional utilities (airports etc)
• Funds management
• A connection to the Napier/ Hawkes Bay region.

Commitment required  

The board will meet 8 times a year being 4 half day and 4 full day meetings.  There is an option to attend some of the meetings online.   

Special meetings in addition to regular board meetings will be:  

• Annual strategy meeting with the Board/ Management, full day 
• Annual social dinner with Council & Management, 1 evening.  
• First year – Induction to Napier City Council and journey to CCTO (1 day) & extra Strategy meeting (2 days)

We welcome and encourage diverse perspectives in our board applications, recognising that a range of backgrounds, experiences, and viewpoints strengthens our decision-making and drives innovation.

Apply 

To apply click here. For more information, please contact the board services team: directorvacancies@iod.org.nz 

Closes: 1 June 2025