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Agribusiness banking specialist Rabobank has announced the appointment of Andy Borland as chair of Rabobank New Zealand Limited, to succeed Sir Henry van der Heyden who is standing down from the board due to regulatory changes.
Mr Borland has served as a Rabobank New Zealand director since 2016, and is the managing director of leading New Zealand diversified agribusiness Scales Group.
In other changes, Rabobank New Zealand announced it is welcoming a new independent director, Brent Goldsack, while current directors Jillian Segal and Peter Knoblanche will leave the board.
All changes take effect on April 1, 2020.
Announcing the changes, chairman of the global Rabobank Group Wiebe Draijer said the appointment of Andy Borland as New Zealand chair would provide a smooth and seamless transition at the helm of the agribusiness banking specialist’s New Zealand board.
“Andy has an enormous wealth of knowledge and experience in New Zealand’s agribusiness sector and equally in banking and finance. Coupled with this, he has a very close understanding of Rabobank’s New Zealand business through the three years he has served on the bank’s board,” he said.
“We are fortunate to have the stability afforded by the role of chairman transferring to another pair of such capable hands at a time of great volatility and uncertainty across the world.”
Mr Borland joined the board of Rabobank New Zealand in November 2016. He has been managing director of Scales Group since 2011, joining the company in 2007 after a 20- year career in banking.
He is also currently chair of Akaroa Salmon Limited, Primary Collaboration New Zealand Limited and Primary Collaboration New Zealand (Shanghai) Co. Limited, and a director of George H Investments Limited.
Mr Draijer thanked the departing directors for their service to the board. He paid tribute to Sir Henry van der Heyden for his “enormous contribution to Rabobank New Zealand in the eight years he has served as a director, and as chair since 2017”.
Sir Henry, former chairman of global dairy company Fonterra, will remain as chair of Rabobank Australia Limited.
Mr Goldsack, a farmer-elected member of the Fonterra board since 2017, had a 25-year career in corporate advisory roles both in New Zealand and overseas, including 12 years as a partner with PwC.
He is actively involved as a shareholder in three dairy operations in the Waikato and has shareholding interests in other dairy farms with operations in New Zealand and the United States. A chartered accountant, Mr Goldsack also currently chairs the board of Waitomo Group Limited and its subsidiaries and serves on the board of Canterbury Grasslands Limited.
Other directors remaining on the Rabobank New Zealand board are Anne Brennan, Geerten Battjes, Sander Pruijs and Berry Marttin.
Rabobank New Zealand is a part of the global Rabobank Group, the world’s leading specialist in food and agribusiness banking. Rabobank has nearly 120 years’ experience providing customised banking and finance solutions to businesses involved in all aspects of food and agribusiness. Rabobank is structured as a cooperative and operates in 40 countries, servicing the needs of about 8.6 million clients worldwide through a network of close to 1000 offices and branches. Rabobank New Zealand is one of the country's leading agricultural lenders and a significant provider of business and corporate banking and financial services to the New Zealand food and agribusiness sector. The bank has 32 branches throughout New Zealand.
Media contacts:
David Johnston
Marketing & Media Relations Manager
Rabobank New Zealand
Phone: 04 819 2711 or 027 477 8153
Email: david.johnston@rabobank.com
Denise Shaw
Head of Media Relations
Rabobank Australia & New Zealand
Phone: +612 8115 2744 or +61 2 439 603 525
Email: denise.shaw@rabobank.com
