Kāinga Ora CEO leaving with golden handshake

Kāinga Ora CEO leaving with golden handshake
Outgoing Kāinga Ora chief executive Andrew McKenzie. (Image: Supplied)
Maria Slade
Kāinga Ora chief executive Andrew McKenzie is leaving the agency at the end of October and will receive half his annual pay in compensation.Chair Simon Moutter said that following the independent review of Kāinga Ora led by former finance minister Bill English, McKenzie’s role was being reduced, and it had been agreed that his departure would be treated as a redundancy.His remuneration package in 2022/23 was $721,000, the New Zealand Herald’s public sector chief executive salary survey showed.When he left, McKenzie would receive his...

More Property

Co-operative Bank, ComCom agree penalty fee
Finance

Co-operative Bank, ComCom agree penalty fee

The bank is silent on the penalty amount it and the Commerce Commission are aligned on.

Amendment may create a fast-track to judicial reviews
Property

Amendment may create a fast-track to judicial reviews

How a fix to speed up projects could send more to court instead.

Kiwi Property Group's interim profit lower as write-downs bite
Economy

Kiwi Property Group's interim profit lower as write-downs bite

The property company reiterates its full-year dividend views.

Andy Macdonald 24 Nov 2025
Penk announces compulsory building warranties
Economy

Penk announces compulsory building warranties

Under the proposed change, those responsible pay their share only.

Staff reporters 24 Nov 2025