14 Oct 2013
Infratil advises with great sadness that Infratil’s Chairman David Newman passed away this afternoon in Wellington. Infratil's Chief Executive, Marko Bogoievski commented: "Our thoughts are with David’s family during this difficult time”.
Marko further noted that David had made an outstanding contribution to Infratil as a founding director and during his 9 years as Chairman. His sound advice, business acumen, governance, relationship skills and strong moral compass would be missed by all those at Infratil and associated with Infratil.
David was a founder director of Infratil in 1994 and became Chairman in 2004. He was a director of exceptional governance capability with the skills required to deal with difficult situations and strong-willed people. While a director of Infratil he was for a period also the CEO of the Institute of Directors and through the Institute, as well as his governance roles, will have left an indelible impression on New Zealand business.
Before becoming a director of Infratil, David had an extensive career with BP, including as Managing Director of BP New Zealand. His oil sector expertise was instrumental in Infratil and New Zealand Superannuation Fund’s highly successful purchase of Shell’s downstream NZ assets in 2010, which is now Z Energy.
David’s ability to meld industry and accounting expertise with governance and relationship capabilities has been of crucial importance over the years for Infratil and its subsidiaries.
David was Chair of Wellington Airport and Infratil’s European Airports. In the former capacity he helped cement trust and acknowledgement between the private and public interests. In respect to Infratil’s airport investments in Europe, David was a strong advocate of finding supportive investors to take over from Infratil and played an instrumental part in developing relationships with the Scottish Government. David was hugely supportive of his management teams and built strong local relationships wherever he went.
David will be greatly missed by all those at Infratil and H.R.L. Morrison & Co.
If you would like to share your thoughts, memories and condolences with his family you can simply email email@example.com
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