NZ Post Chair to resign

NZ Post Chair to resign

New Zealand Post Chair Jane Taylor has reportedly told Minister of Finance Grant Robertson she intends to resign.

According to i.stuff.co.nz, the state-owned company has suffered a difficult two years in which Kiwibank, which NZ Post holds a majority stake in, had to have a $247 million cash injection, and lost $101m on an IT project to replace its core banking system.

“I am aware that Jane Taylor has decided to resign,” Robertson said in a statement. “NZ Post are working with Treasury to identify an acting Chair.”

The statement from Robertson followed rumours of disharmony on the NZ Post board, but Taylor would only say: “I’m not making any comment. Sorry.”

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