Todd Corporation: what went wrong?

Key departures from Todd Corp since 2022: Henry Tait, Jon Young and Paul Moore. (Image: BusinessDesk)

Thu, 12 Dec 2024

For decades, the surname “Todd” has been a byword for wealth and discretion.Often described, much to its displeasure, as “New Zealand’s richest family”, the Todd dynasty stretches back to Charles Todd’s establishment of an Otago wool scour in 1884.By the middle of the 20th century, Todd Motors was one of the largest producers of cars in NZ before selling to Mitsubishi in 1987.AssetsIn a partnership that began in 1959, its wealth was primarily tied up in NZ oil and gas production with Dutch oil giant Shell in...

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