Business briefs: Ecommerce NZ launches

Last updated 16:50 16/05/2014

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Ecommerce NZ launches

Online retailers and their technology suppliers now have their own non-profit industry body after the launch of Ecommerce New Zealand.

Founder and executive director Cate Bryant said the organisation's goal was to help New Zealand businesses grow locally and internationally by providing conferences and seminars, networking forums, training and other activities.

Online sales made up 6 per cent of retail sales and were growing at a rate of 12 per cent a year, against traditional retail's 3 to 4 per cent growth rate, she said.

"There's a major shortage of skills in the industry in all areas - business strategy, fulfilment, marketing, merchandising and development - and ENZ's goal is to help build world-class home-grown ecommerce talent," she said.

ENZ has formed a partnership with the Retailers Association, whose newly appointed chief executive, Mark Johnston, will sit on ENZ's managing committee.

Other founding members include executives from Briscoes, Noel Leeming and Vodafone.

New CEO for power distributor

Counties Power has appointed former Genesis executive Sheridan Broadbent as its new chief executive.

Broadbent's previous experience also includes a role as general manager of Downer EDI Engineering in New Zealand, where she led a team of over 1200 staff.

Pukekohe-based Counties Power operates the electricity distribution network in the southern part of Auckland City and northern Waikato.

Broadbent will join the company on June 3.

Zeta lifts NZOG stake

The largest shareholder in New Zealand Oil and Gas has increased its stake to nearly 15 per cent.

Zeta Resources, run by Australian-based expatriate New Zealander Duncan Saville and his business partner, Dugald Morrison, has increased its stake in NZX-listed NZOG from 13.79 per cent to 14.92 per cent.

This stake is worth just over $48 million at NZOG's current share price of 77.5c, which gives it a market capitalisation of $322m.

Saville is a long-time director of listed infrastructure company Infratil.

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