Hawke’s Bay Regional Investment Company Ltd (HBRIC)
The Hawke’s Bay Regional Investment Company Ltd (HBRIC Ltd) is a council controlled organisation set up to manage some of HBRC’s larger infrastructure investments around the region.
The objectives of HBRIC Ltd are to:
Actively manage its allocated investment portfolio and any new investments it makes, including its shareholding in Napier Port, to ensure:
– growth of shareholder value
– increased financial and strategic returns
– investments are secure and sustainable over the long term.
Assist Council, in certain major investments such as the Ruataniwha Water Storage scheme, to achieve key environmental objectives of the Council’s strategy.
Identify on behalf of Council, and in conjunction with relevant parties, present and future regional infrastructural needs, and to support the establishment and maintenance of resilient infrastructure in the Hawke’s Bay region that has the potential to enhance the economic well-being of the region, and provide an adequate return
Build the financial strength of HBRIC Ltd through appropriately directed commercial investment (not constrained to infrastructure), in a manner consistent with the approach set out in the Acquisition/Divestment policy (section 10) and through efficient financial practices.
There are eight independent directors on the HBRIC Ltd Board. They are Chris Tremain - Chairman, Jim Scotland, Sam Robinson, Danelle Dinsdale, Dan Druzianic, Taine Randell and Hawkes Bay Regional Councillors Debbie Hewitt and Peter Beaven. Blair O'Keeffe is HBRIC Ltd’s Chief Executive.