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<strong>October</strong>/<strong>November</strong> <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 3 Mark Cairns to step down from port role next year By DAVID PORTER Long-serving Port <strong>of</strong> Tauranga chief executive Mark Cairns has given notice that he will retire in June 2021. “I think 15 years as a CEO is a pretty good run,” Cairns told <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> <strong>News</strong> after announcing he was stepping down from running New Zealand’s largest and most efficient port. “I’ve got no more executive gigs in me. What I’d like to do is try and put a little back into business and take on a few governance roles.” He is also a keen fisherman and can be expected to be able to spend more time on the water. Time for the next generation Cairns said the time felt right to hand over to the next generation and that, while he would miss his colleagues, he was excited to see where the company went next. Cairns said he was especially pleased to see that the board had gone in-house for his replacement, with Leonard Sampson named to take over next year. Sampson was appointed the port’s chief operating <strong>of</strong>ficer in September 2019, after six years as commercial manager. Prior to joining Port <strong>of</strong> Tauranga, he held senior roles at KiwiRail, Carter Holt Harvey and Mainfreight. Port chairman David Pilkington said Cairns’ leadership had seen the company grow from a regional bulk export port to New Zealand’s international cargo hub, as well as one <strong>of</strong> its most successful listed companies. When he took over as chief executive in 2005, Port <strong>of</strong> Tauranga handled 12.6 million tonnes <strong>of</strong> cargo and 438,214 Twenty foot equivalent units (TEUs). In the year to June <strong>2020</strong>, the port handled 24.8 million tonnes <strong>of</strong> cargo and 1.25 million TEUs. “Mark has kept the company strongly focused on future opportunities, while maintaining an industry-leading Leonard Sampson: in-house choice. Photo/Supplied. I’m incredibly proud <strong>of</strong> our people and the positive outcomes we have achieved for our customers and our community.” – Mark Cairns safety record and the highest productivity rates in Australasia,” he said. Local ratepayers own just over half <strong>of</strong> Port <strong>of</strong> Tauranga’s shares through Quayside Holdings and the company’s success had delivered wide-ranging benefits to the region. “During Mark’s tenure, the average compounding Total Shareholder Return has been 19 per cent per year, with market capitalisation increasing by $4.4 billion, from $665 million to $5.1 billion today,” said Pilkington. Cairns said Port <strong>of</strong> Tauranga was is in excellent shape. “I’m incredibly proud <strong>of</strong> our people and the positive outcomes we have achieved for our customers and our community.” Discussing the recent challenges <strong>of</strong> steering the port through the Covid-19 pandemic, Cairns said early concerns stemmed from not knowing exactly what the pandemic was or how it should be handled, and then working closely with staff to ensure the port stayed open. “If you can imagine, you’re – for example – working with pilots who were having to board vessels from China where the virus originated. It just really illustrated the resilience <strong>of</strong> the people we’ve got working for us.” As to the future, Cairns acknowledged it was a tough call, noting that the World Bank had recently forecast a four percent contraction in global GDP. “I think the world is going to do it tough for a while,” he said. The cruise ship market could be gone for a few years, which could be a $6 to 7 million hole in earnings. Cairns said the biggest concern was on the import side. Rising unemployment could see consumption drop <strong>of</strong>f and, while it was only about 17 percent <strong>of</strong> the port’s earnings, imports were likely to take the biggest hit. “But we’re predominantly an export port and the world’s always going to need our primary sector exports and our fruit – that’s a big part <strong>of</strong> our business we’ll see continue.” Mark Cairns: moving to governance roles. Photo/Supplied. Cairns pr<strong>of</strong>essional achievements • Doubling in cargo volumes • Successful execution <strong>of</strong> strategy to become New Zealand’s only “big ship capable” port • Nearly trebling container volumes • More than seven times increase in market capitalisation • Named Chief Executive <strong>of</strong> the Year in the 2012 Deloitte Top 200 <strong>Business</strong> Awards • Winner <strong>of</strong> the Caldwell Partners Leadership Award in the 2019 Institute <strong>of</strong> Finance Pr<strong>of</strong>essionals Awards 26 Fourth Ave Tauranga 0800 225 999 LINKBUSINESS.CO.NZ Dream Daytime Operation $1,250,000 <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> · Year on year growth, even post-covid! · <strong>2020</strong>FY sales close to $1,800,000 incl gst · Smart branding, on-point tout · Local customers are the core <strong>of</strong> this eatery · Prots to a working owner are $430K+ Shade Protection Manufacturer $480,000 <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> · Experienced staff in place · Full design, manufacture, installation · Awnings, blinds, canopies, shade structures · Strong client base, private, education, commercial · Extended vendor assistance period available Home Improvement $1,385,000 <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> · Well-known, established, and protable · Supplying a well-designed home improvement product · Well trained staff · Remarkable forward bookings · Signicant barriers to entry for competitors linkbusiness.co.nz/BOP00181 Theresa Eagle 021 289 0949 theresa.eagle@linkbusiness.co.nz linkbusiness.co.nz/BOP00031 Mike Chote 027 555 1176 mike.chote@linkbusiness.co.nz linkbusiness.co.nz/BOP00178 Steve Catley 021 341 117 steve.catley@linkbusiness.co.nz Management Skills? 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