New Director At MDC Holdings Ltd

The executive director of the Indevin Group, Richard Olliver, has been appointed an independent director of MDC Holdings Ltd, the Marlborough District Council’s commercial arm.

He replaces Joe Wallace, the current chairman of the holding company, whose term has ended.

Mayor Alistair Sowman says Mr Wallace has given exceptional service to MDC Holdings over nine years.

“We are fortunate to have secured a high-calibre applicant with excellent credentials to fill the vacancy,” said Mr Sowman.

Mr Olliver’s extensive business experience, his financial acumen and the depth of his experience both in New Zealand and internationally made him an outstanding candidate for the role, Mr Sowman said.

Mr Olliver, a former Marlborough Boys’ College student, has worked for Macquarie Bank Ltd, Carter Holt Harvey and Price Waterhouse Coopers. As well as his role at Indevin, he is a director for Marlborough-based Rangitane Holdings Ltd.