New ir­ri­ga­tion direc­tor

Waitaki Herald - - YOUR LOCAL NEWS - WAITAKI DIS­TRICT COUN­CIL

Waitaki Coun­cil’s for­mer chief ex­ec­u­tive Michael Ross will step down as a direc­tor for North Otago Ir­ri­ga­tion Com­pany (NOIC).

The Coun­cil has ap­pointed Chief Fi­nan­cial Of­fi­cer Paul Hope as the new direc­tor for NOIC re­plac­ing Ross, whose ten­ure as direc­tor would end on 31 De­cem­ber 2017.

Waitaki mayor Gary Kircher said Hope’s cre­den­tials held him in good stead to take on the di­rec­tor­ship re­spon­si­bil­i­ties and over­see Coun­cil’s in­vest­ment, whilst adding pos­i­tive skills to the NOIC board.

‘‘Mr Hope has skills and ex­per­tise in con­tract rec­on­cil­i­a­tion, ex­ec­u­tivelevel fi­nan­cial man­age­ment and anal­y­sis,’’ Kircher said.

Hope’s ap­point­ment as direc­tor will be for 10 months un­til 31 Oc­to­ber 2018 at which point a re­view would take place. That term brings the ap­point­ment into line with the date for NOIC’s An­nual Gen­eral Meet­ing and the direc­tor ap­point­ment process.

In 2005 Coun­cil agreed to loan $10 mil­lion to help NOIC cre­ate the first phase of an ir­ri­ga­tion scheme which saw 10,000 hectares of land come un­der the scheme.

In 2015 the out­stand­ing amount was re­paid, and Coun­cil agreed to help fund the ex­ten­sion of the ir­ri­ga­tion scheme (another 10,000 hectares) with a new loan of $17 mil­lion.

Waitaki coun­cil chief fi­nan­cial of­fi­cer Paul Hope will be­come a direc­tor of the North Otago Ir­ri­ga­tion Com­pany.

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