October/November 2020 - Bay of Plenty Business News
From mid-2016 Bay of Plenty businesses have a new voice, Bay of Plenty Business News. This new publication reflects the region’s growth and importance as part of the wider central North Island economy.
From mid-2016 Bay of Plenty businesses have a new voice, Bay of Plenty Business News. This new publication reflects the region’s growth and importance as part of the wider central North Island economy.
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<strong>October</strong>/<strong>November</strong> <strong>2020</strong> BAY OF PLENTY BUSINESS NEWS 3<br />
Mark Cairns to step down<br />
from port role next year<br />
By DAVID PORTER<br />
Long-serving Port <strong>of</strong> Tauranga<br />
chief executive<br />
Mark Cairns has given<br />
notice that he will retire in<br />
June 2021.<br />
“I think 15 years as a CEO<br />
is a pretty good run,” Cairns<br />
told <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong><br />
<strong>News</strong> after announcing he was<br />
stepping down from running<br />
New Zealand’s largest and<br />
most efficient port.<br />
“I’ve got no more executive<br />
gigs in me. What I’d like to<br />
do is try and put a little back<br />
into business and take on a few<br />
governance roles.”<br />
He is also a keen fisherman<br />
and can be expected to be<br />
able to spend more time on the<br />
water.<br />
Time for the next<br />
generation<br />
Cairns said the time felt right<br />
to hand over to the next generation<br />
and that, while he would<br />
miss his colleagues, he was<br />
excited to see where the company<br />
went next.<br />
Cairns said he was especially<br />
pleased to see that the<br />
board had gone in-house for<br />
his replacement, with Leonard<br />
Sampson named to take over<br />
next year.<br />
Sampson was appointed the<br />
port’s chief operating <strong>of</strong>ficer<br />
in September 2019, after six<br />
years as commercial manager.<br />
Prior to joining Port <strong>of</strong> Tauranga,<br />
he held senior roles at<br />
KiwiRail, Carter Holt Harvey<br />
and Mainfreight.<br />
Port chairman David Pilkington<br />
said Cairns’ leadership<br />
had seen the company grow<br />
from a regional bulk export<br />
port to New Zealand’s international<br />
cargo hub, as well<br />
as one <strong>of</strong> its most successful<br />
listed companies. When he<br />
took over as chief executive<br />
in 2005, Port <strong>of</strong> Tauranga handled<br />
12.6 million tonnes <strong>of</strong><br />
cargo and 438,214 Twenty foot<br />
equivalent units (TEUs). In<br />
the year to June <strong>2020</strong>, the port<br />
handled 24.8 million tonnes <strong>of</strong><br />
cargo and 1.25 million TEUs.<br />
“Mark has kept the company<br />
strongly focused on future<br />
opportunities, while maintaining<br />
an industry-leading<br />
Leonard Sampson:<br />
in-house choice.<br />
Photo/Supplied.<br />
I’m incredibly proud<br />
<strong>of</strong> our people and the<br />
positive outcomes<br />
we have achieved for<br />
our customers and<br />
our community.” –<br />
Mark Cairns<br />
safety record and the highest<br />
productivity rates in Australasia,”<br />
he said.<br />
Local ratepayers own just<br />
over half <strong>of</strong> Port <strong>of</strong> Tauranga’s<br />
shares through Quayside Holdings<br />
and the company’s success<br />
had delivered wide-ranging<br />
benefits to the region.<br />
“During Mark’s tenure, the<br />
average compounding Total<br />
Shareholder Return has been<br />
19 per cent per year, with market<br />
capitalisation increasing by<br />
$4.4 billion, from $665 million<br />
to $5.1 billion today,” said<br />
Pilkington.<br />
Cairns said Port <strong>of</strong> Tauranga<br />
was is in excellent shape. “I’m<br />
incredibly proud <strong>of</strong> our people<br />
and the positive outcomes we<br />
have achieved for our customers<br />
and our community.”<br />
Discussing the recent<br />
challenges <strong>of</strong> steering the<br />
port through the Covid-19<br />
pandemic, Cairns said early<br />
concerns stemmed from not<br />
knowing exactly what the pandemic<br />
was or how it should<br />
be handled, and then working<br />
closely with staff to ensure the<br />
port stayed open.<br />
“If you can imagine, you’re<br />
– for example – working<br />
with pilots who were having<br />
to board vessels from China<br />
where the virus originated. It<br />
just really illustrated the resilience<br />
<strong>of</strong> the people we’ve got<br />
working for us.”<br />
As to the future, Cairns acknowledged<br />
it was a tough call,<br />
noting that the World Bank had<br />
recently forecast a four percent<br />
contraction in global GDP.<br />
“I think the world is going<br />
to do it tough for a while,” he<br />
said.<br />
The cruise ship market<br />
could be gone for a few years,<br />
which could be a $6 to 7 million<br />
hole in earnings. Cairns<br />
said the biggest concern was<br />
on the import side. Rising<br />
unemployment could see consumption<br />
drop <strong>of</strong>f and, while<br />
it was only about 17 percent<br />
<strong>of</strong> the port’s earnings, imports<br />
were likely to take the biggest<br />
hit.<br />
“But we’re predominantly<br />
an export port and the world’s<br />
always going to need our primary<br />
sector exports and our<br />
fruit – that’s a big part <strong>of</strong> our<br />
business we’ll see continue.”<br />
Mark Cairns: moving to governance roles. Photo/Supplied.<br />
Cairns pr<strong>of</strong>essional achievements<br />
• Doubling in cargo volumes<br />
• Successful execution <strong>of</strong> strategy to become New Zealand’s<br />
only “big ship capable” port<br />
• Nearly trebling container volumes<br />
• More than seven times increase in market capitalisation<br />
• Named Chief Executive <strong>of</strong> the Year in the 2012 Deloitte<br />
Top 200 <strong>Business</strong> Awards<br />
• Winner <strong>of</strong> the Caldwell Partners Leadership Award in the<br />
2019 Institute <strong>of</strong> Finance Pr<strong>of</strong>essionals Awards<br />
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