Eden Park Trust

Eden Park Trust Annual Report
(31 October 2010)

Introduction

The scope of the 2010 Annual Report includes the twelve months to 31st October 2010. The comparative period is the 7 months to 31st October 2009. The Eden Park Trust changed its balance date during the prior period, to better reflect its operational season.

This has been a year of significant progress for the Park, key milestones include:

The completion of the redevelopment of the South and East Stands, the Western Concourse and the Transport Hub, on time and on budget;
The official opening of the redeveloped stadium by the Prime Minister, Rt Hon John Key, on 10th October 2010;
Finalisation of a three year $40m funding facility with the ASB Bank, supported by a guarantee from Auckland Council, to fund the completion of the redevelopment.

This has been the first full year of operation under the provisions of the Eden Park Trust Amendment Act 2009. This legislation has provided Eden Park with a new governance structure and a wider community focus.

2010 Annual Report

Eden Park Trust Members

John Waller (Chairman)
Michelle Boag
Hugh Burrett
Derek Dallow
Rob Fisher
Grant Carruthers
Warwick Nicoll
Morris Pita
Rex Smith

Eden Park Managment Team

David Kennedy (Chief Executive Officer)
Brett Winstanley (Chief Financial Officer)
Tracy Morgan (General Manager - Sales & Marketing)
Steve Donaghy (General Manager - Infrastructure & Operations)
Joe Flynn (Project Director – RWC Redevelopment)

Redevelopment Board

John Waller (Chairman)
Robert Fisher
Neville Harris
Brian Nightingale

Eden Park Trust Member Biographies

John Waller (Chairman)
	John Waller is currently chairman of the Eden Park Redevelopment Board and The Eden Park Trust. He was appointed in 2007 to oversee the redevelopment project for Rugby World Cup 2011. Mr Waller is chairman of the Bank of New Zealand; an independent director of a number of large public companies, including Fonterra Co-operative Group, National Australia Bank and Sky Television Network, and a board member of the Auckland Transition Agency Board.

Michelle Boag
	Michelle Boag has 30 years experience in government, consultancy and corporate public relations. She has an extensive background in the not-for-profit area, as a current Trustee of the Auckland Rescue Helicopter Trust and a former President of Variety Club New Zealand. Ms Boag has been previously appointed to the Eden Park Board of Control, the Auckland Cricket Association, Manu Samoa Rugby Limited, the Mt Smart Advisory Board and the Auckland Surf Lifesaving Association.

Hugh Burrett
	Hugh Burrett has over 40 years' experience in the financial service industry, including as Director and Chief Executive Officer of ASB Bank. Mr Burrett has been a member of the Institute of Management, the Business Round Table, and the Financial Services Institute of Australasia.

Derek Dallow
	Derek Dallow is a solicitor with over 29 years' experience and is a Partner at Davenports Harbour Lawyers in Auckland. He has an extensive business and property practice, specialising in sports law. He has consulted to several stadium and trust boards on commercial arrangements, funding options and sponsorship agreements, and is trustee of over 600 trusts in his personal and professional capacity.

Rob Fisher
	Rob Fisher is currently a practicing barrister working as legal advisor to the Auckland Transition Agency developing 'the Supercity'. He recently retired from Simpson Grierson where he was chairman for the last 10 years. Rob has been Chairman of the Auckland and New Zealand Rugby Unions, Vice Chairman of the International Rugby Board and a Director of Rugby World Cup Ltd. He was a member of the former Eden Park Board of Control for more than 20 years and a trustee of the former Trust Board. Rob is a member of the Eden Park Redevelopment Committee and is a member of the SPARC Board.

Grant Carruthers
	Grant has been self-employed as a Company Director since 2005 and currently holds the following Chairman positions at ITM and Union Projects Limited. Grant is also a Director at Auckland Rugby Union, Aquamax Hydroblasting Limited and Aquamax Devco Limited. From 1993 to 2005 Grant was Director/Joint Owner of Westco Lagan Limited, a specialist timber company, and prior to that he has held senior positions in the New Zealand Forest Industry including Chief Executive at Carter Holt Harvey Timber Group and Managing Director at NZFP Pulp & Paper Limited. Grant has a Bachelor of Commerce degree from the University of Auckland and a Master of Commerce degree from the University of New South Wales.

Warwick Nicoll
	Warwick Nicoll has more than 43 years experience in the tertiary education sector, including 24 years as Registrar of the University of Auckland. Mr Nicoll has been a member of the Eden Park Trust Board since 1986, including 14 years as Chairman. He is the Chair of the New Zealand Academy of Sport – North Island, and currently works as a part-time Fundraisng Manager for the Museum of Transport and Technology (MOTAT).

Morris Pita
	Morris Pita has a commercial and business background, having worked as a senior manager at Ernst & Young, and in commercial and project management roles at Mighty River Power. Mr Pita holds post graduate degrees in Business and Law from Oxford and Auckland Universities. He now operates a boutique consultancy business, Shea Pita & Associates, where he focuses on advising organisations working in Maori economic development, particularly in the energy sector.

Rex Smith
	Rex Smith has more than 40 years experience in property negotiation specialising in the central and local government sectors. He currently operates his own property consultancy business. Rex holds a post graduate degree in Political Studies from the University of Auckland. A former member of the Eden Park Board of Control, he is the current Chairman of the Auckland Cricket Association.