Shake-up at the top for Treasury

Treasury secretary Iain Rennie is overseeing a senior management restructure. (Image: NZME)

Wed, 28 May 2025

Wed, 28 May 2025

A major shake-up is under way in the Treasury leadership, with two of five deputy secretaries leaving the Government’s primary economic advice agency and two others taking new “chief strategist” roles.A Treasury spokesman confirmed the changes, details of which began to emerge after the delivery of the May 22 Budget.Leaving the Treasury are Dominick Stephens, former Westpac chief economist who has been chief economic advisor since March 2021, and Leilani Frew, deputy secretary for financial and commercial, who has co...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

Freightways outlook and Fonterra vote drive upbeat day

Freightways shares climbed after Mark Troughear flagged easing economic headwinds.

Tom Raynel 6:30pm

Primary Sector

Spring Sheep’s Nick Hammond off to Zespri

He will be replaced at the sheep dairy business by Thomas MacDonald.

Riley Kennedy 6:04pm

Spring Sheep’s Nick Hammond off to Zespri

Markets

Me Today raises funds to be here tomorrow

Shareholders have approved a capital raise of up to $2.59 million.

Greg Hurrell 2:30pm

Me Today raises funds to be here tomorrow

Sponsored

NZ risks losing edge as Australia takes lead in cleaner jet fuel

Experts warn SAF delay could cost jobs and growth.

Z Energy

Sponsored

Focus on safety of SME vehicle fleets

Vehicle glass repairer’s work enhances road safety.

Smith & Smith

More Public sector

News in Brief

Kominik resigns from Electricity Authority, will start review

Electricity Authority chair Anna Kominik has announced her resignation but will stay in the job until her successor is found.Energy Minister Simon Watts said Kominik will also start a board-led organisational review of the authority.The announcement follows the Government's r...

Ian Llewellyn 22 Oct 2025