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State Owned Enterprises Minister Tony Ryall has today announced three new appointments to State Owned Enterprise boards and an airport company board.

Chair of the Lotteries Commission Judy Kirk has been appointed as director of MetService. Mrs Kirk is a former president of the National Party.

Alistair Scott has been appointed to the board of Transpower. He is a director  of numerous boards, and is a former executive at Meridian Energy and Credit Suisse First Boston.

The Government believes there is significant merit in extending the mixed ownership model to four state-owned energy companies and reducing the Crown’s majority shareholding in Air New Zealand.

It will help reduce Government debt, increase investment opportunities for mum and dad investors and improve the companies’ financial performance, Finance Minister Bill English and State Owned Enterprises Minister Tony Ryall say.

The Minister for SOEs, Simon Power, confirms that he has relinquished the SOEs portfolio, effective at noon today.

"This was my decision, and is based purely around my transition to private life after the election."

He says it was a necessary step to ensure there was transparency, and he considers it was his only option.

State Owned Enterprises Minister Simon Power today announced 18 new appointments and 11 reappointments across 12 SOEs and one airport company.

“I’m pleased to be making a range of strong new appointments in this round, but I also want to acknowledge the retirement of Airways Corporation chair Con Anastasiou.

“Mr Anastasiou, who is retiring at the end of July, has served on the Airways board since 2000 and has led the company with considerable success as chair since January 2005. I thank him for his dedicated service over that time.”

Simon Power, the MP for Rangitikei and the fourth-ranked Minister in John Key's National-led Government, is to retire from politics at the election in November.

Mr Power said he was looking forward to continuing to contribute to New Zealand's growth, but in the private sector.

"It's time for new challenges and new opportunities.

“I've been extremely privileged to serve in the Cabinet under Prime Minister John Key, and as the Member for Rangitikei since 1999.

Finance Minister Bill English and State Owned Enterprises Minister Simon Power have formally asked Treasury for advice on the merits and viability of extending the mixed-ownership model to four more state-owned enterprises.

As Prime Minister John Key outlined this week, the ministers have asked for advice on the merits and viability of:

A new report analysing results from government-owned companies and investment funds will help improve their performance, Finance Minister Bill English and State Owned Enterprises Minister Simon Power say.

The Treasury’s Crown Ownership Monitoring Unit today published the first of what is expected to be a series of annual publications about the performance of the 37 Crown-owned entities that have full or partial commercial objectives.

State Owned Enterprises Minister Simon Power today announced the appointment of Chris Moller as chair of Meridian Energy.

Mr Moller was appointed to the Meridian board as a director in May last year. His appointment as chair is effective from 1 January next year to 31 October 2013.

"Mr Moller brings strong governance skills, aligned with extensive senior executive experience to the board,” Mr Power said.

“I look forward to the contribution he will make to Meridian as it further develops its strategy over the coming years."

State Owned Enterprises Minister Simon Power today announced 15 new appointments and 13 reappointments across 12 SOEs and two airport companies.

The Government has agreed to measures that support New Zealand Post's credit rating and assist Kiwibank's continued growth, Finance Minister Bill English and SOEs Minister Simon Power announce

State Owned Enterprises Minister Simon Power today announced two appointments to the boards of Transpower and Solid Energy.

State Owned Enterprises Minister Simon Power today released a set of financial performance measures which SOEs will be expected to include in their Statements of Corporate Intent from 2010/11. 

"The National-led Government has made a commitment to improve the transparency and accountability of the SOEs," Mr Power said.

"These companies represent a $25 billion investment on behalf of the taxpayer, and shareholding ministers have a duty to ensure that this investment delivers an appropriate return.

State Owned Enterprises Minister Simon Power today announced the appointment of John Leuchars as a director of KiwiRail. 

Nine new appointments and seven reappointments across 11 State Owned Enterprises have been announced today by State Owned Enterprises Minister Simon Power.

Each of the nine largest State Owned Enterprises has introduced a regime that requires greater disclosure, State Owned Enterprises Minister Simon Power said today.

Twenty-four new appointments, reappointments and positional changes across 10 SOE boards and two airport boards were announced today by State Owned Enterprises Minister Simon Power.

The Minister of Finance Bill English and the Minister for State Owned Enterprises Simon Power tonight gave the 13 chairs of the 15 state-owned enterprises a clear message of what taxpayers expect o

Appointments to the boards of State Owned Enterprises were announced by State Owned Enterprises Minister Simon Power today.

State Owned Enterprises Minister Simon Power today released the Briefing to the Incoming Minister of State Owned Enterprises from the Crown Company Monitoring Advisory Unit.