Todd Corporation: the reset

Newish brooms: Todd Corp’s chairman Nick Olson and chief executive Evan Davies.

Fri, 13 Dec 2024

It was coming up to Christmas 2019 and the Todd Corporation had made the rare misstep of inviting journalists to its Christmas drinks function at Wellington’s Shed 5 restaurant.Jon Young, who would be quietly exited in late 2022, was still leading the corporate arm of the Todd family’s interests.He used the event to outline plans to spend $3 billion over a decade, two-thirds of that on drilling to supplement New Zealand’s declining natural gas fields and the rest to undertake large-scale solar farm investments.To the company&r...

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