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Mr. Newman was appointed to the Board in September 2003. Mr. Newman is a Chartered Accountant and formerly Chief Executive Officer of the Institute of Directors in New Zealand. He previously had a 22 year career with British Petroleum, culminating in four years as Chief Executive and Managing Director of BP New Zealand Limited (1990 - 1994). During his career with BP, Mr. Newman served as CFO of BP Oil South Africa, and as CEO of BP New Zealand was direct supervisor for the company's CFO. Previously, he was 10 years with Deloittes, and Ernst & Young, in New Zealand and in the United Kingdom, including 5 years as an audit manger. He has served as audit committee chairman for a number of New Zealand public issuers and other significant companies.
Mr. Newman's current directorships include Chairman of Infratil Limited (director since February 1994), of Finmedia Limited (director since December 1999) and of Wellington International Airport Limited (director since December 1998). Mr. Newman is also a member of the Board of Guardians of the New Zealand Superannuation Fund and a director of Infratil Airport Holdings Limited. Mr. Newman's past directorships have included Chairman of Norwich Union and State Insurance Group in New Zealand, Chairman of the NZ Refining Company Limited, member of the advisory board of BP Australia, and a director of New Zealand Post Limited.
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