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28/2/2018 — Oil and Gas
Refining NZ to lose its chief

Refining New Zealand Ltd (NZX: NZR) said yesterday that its chief executive officer Sjoerd Post plans to step down after five years in the role.

Post, who is considered to have played a pivotal role in the improved financial and operating performance of the company’s Marsden Point oil refinery, told the company he intends to remain in the role until the end of July this year, allowing time for a successor to be recruited.

Chairman of Refining NZ, Simon Allen, expressed the Board’s appreciation of Post’s leadership.

“Sjoerd has made an outstanding contribution over the length of his tenure, building a culture that is now strongly evident in the performance and resilience of the business.

“His leadership during the disruption caused by damage to the refinery to Auckland Pipeline in September last year has been widely recognised as a crucial factor in the rapid resolution of that crisis.

“More broadly, he has been instrumental in a range of programmes to equip the business for continued performance over the long term.”

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Sjoerd Post. Photo: National Business Review.