The corporate and technical manager appointed to run the newly formed Ōtākaro Ltd two years ago to continue restoration of central Christchurch, Albert Brantley, is to step down in June.
Greater Christchurch Regeneration Minister, Megan Woods, thanked Brantley for his work in delivering Crown-led anchor projects and the precincts in Christchurch since his appointment in early 2016.
“Losing someone of Mr Brantley’s calibre and experience is a loss and he leaves behind a great legacy in our city - one that he should be proud of,” Dr Woods said.
“Mr Brantley has lead Christchurch through probably what’s been some of the most challenging moments of the Regeneration of our city. He has shown integrity in working towards getting the job done for the benefit of the people of greater Christchurch,” she added.
The Press newspaper reported this week that Brantley had told the Ōtākaro board that he will leave in about June to focus on other national and overseas activities.
Chairman Ross Butler said he was disappointed to lose such a strong leader.
The Press said Brantley was Ōtākaro's original chief executive when the Crown-owned company was formed as one of the replacements for the Canterbury Earthquake Recovery Authority in April 2016.
He was a former chief executive of Genesis Energy Ltd (NZX & ASX: GNE) and wad leading that company when he moved to partial privatisation and listing on the NZ and Australian bourses.
The Press said Otākaro was set up to deliver the taxpayer-funded elements of the Christchurch rebuild, including the convention centre and east frame projects, and selling Crown-owned rebuild sites.
Brantley told the Christchurch newspaper he would leave Ōtākaro in a good position. With the convention centre under way and many horizontal projects set for completion this year he considered it a good time to “hand over the reins.”
A Canadian, Brantley spent several years in Western Australia for a mining consultancy and then took over management of the then listed L&M Mining which was operating alluvial mining dredges on the West Coast. However, that company’s major shareholder looted L&M’s funds before going broke itself. Then the banks sold L&M to a group including Geoff Loudon.
Albert Brantley moved into power project developments in the Middle East before returning to New Zealand to become resident manager for OceanaGold’s New Zealand operations.
He was then lured to the management role at Genesis Energy.
Sources: press.co.nz and nzresources.com