Chris Black will join the board and become new chair in November 2022.
Chris Black.
Food and agribusiness specialist Rabobank New Zealand has announced that Chris Black will join its board and become the new chair, following a decision by current chair Andy Borland to step down from the board in November 2022.
Black has considerable governance and executive experience, with a strong background in rural insurance, banking, and investment management. He retired last year after 13 years as chief executive of rural insurance group Farmers Mutual Group (FMG).
Black will be an observer at the next Rabobank New Zealand board meeting in September and will formally join the board at its November meeting.
After six years on the board, Borland has confirmed he will step down following the Rabobank board meeting in November.
Announcing the changes, Rabobank Group’s managing board member, Berry Marttin, said Borland’s notice would ensure a smooth transition for both board and Rabobank’s New Zealand business.
“We are fortunate to have someone of Chris’s considerable experience in a mutual and cooperative setting and a strong background in the rural sector joining the New Zealand board,” Marttin said, and acknowledge Borland’s “significant contribution … I want to thank Andy for his leadership of our New Zealand board since 2020.”
Black, a chartered accountant, began his career in the public sector, later working in the financial sector, including at CitiGroup and UBS in the UK.
Returning to New Zealand, Black spent nearly 15 years with BNZ and its parent company National Australia Bank in a number of senior general management, specialist risk, and merger and acquisition roles.
He recently joined the board of the two core entities at Southern Cross and was appointed chair of the Earthquake Commission and a trustee of the Mental Health Foundation.
Black was previously president of the Insurance Council of New Zealand and on the board of the Insurance and Financial Services Ombudsman Scheme.
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