Summarised by Centrist
Andrew McKenzie, CEO of Kāinga Ora, has announced his resignation, citing significant changes imposed by the Government as the reason. Chairman Simon Moutter stated McKenzie’s departure is due to a reduction in the role’s scale and accountabilities, which diverged from McKenzie’s initial agreement. McKenzie, who will receive a $365,500 payout, will leave in October.
The resignation follows a critical report highlighting the agency’s financial instability and excessive borrowing, prompting a multi-year restructuring plan by Housing Minister Chris Bishop. McKenzie is praised for his leadership, particularly in establishing Kāinga Ora and improving tenant outcomes.
