John Beveridge will be subject to election at the next annual shareholder meeting, scheduled to be on November 7.
Cole joins the team headed by Whai Rawa general manager of tourism, Annie Dundas.
Mary Henry will return in her new capacity as principal in late October after maternity leave.
The director role will encompass his current position as head of assurance and co-manager of business development.
Mike Manson promoted.
Leading transport concern appoints Albert Brantley
Leading Aussie property finance figure appointed.
Errol Burn adds to his roles.
Lee Marshall will be responsible for the Apex brand for the Pacific region.
Peter Wise and Paul Gestro will be based in Auckland.