City Care boss steps down

ALAN WOOD
Last updated 10:30 29/01/2014
Jim Boult
John Kirk-Anderson

NEW ROLE: City Care chair Jim Boult has resigned.

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City Care chairman Jim Boult has resigned to take on another role.

The former Christchurch Airport chief executive was appointment to the chairmanship of Christchurch-based infrastructure management company City Care in early December.

Boult was appointed a director of City Care in October and had been at the airport's helm for about five years.

Council infrastructure arm Christchurch City Holdings Ltd (CCHL) has an ownership stake in both City Care (100 per cent) and the airport (75 per cent).

City Care is one of a number of companies repairing Christchurch's water, sewers, stormwater and road networks damaged by the 2011 earthquakes.

Boult has now accepted an executive position with another company, but today said he could not give details of the New Zealand-based role as he was bound by a confidentiality agreeement.

He said it was likely he would remain based at his Central Otago home and fly around the country to fulfil the board and management position.

''A completely unsolicited and unexpected offer of a role which I really like. [It] is really exciting, it's an industry I haven't been involved in before,'' Boult said.

''But there are potential conflicts between that role and the City Care role.''

He said the new ''executive directorship'' role would be made public when the New Zealand employer made an announcement in February.

City Care and its owner CCHL said Boult's offer to step down from the City Care role had been accepted and would be effective immediately.

"Jim has been a great contributor to the Christchurch City Holdings Limited group of companies over many years," CCHL chief executive Bob Lineham said.

"He has done a great job at City Care and we are disappointed he is going and do wish him well."

City Care chief executive Onno Mulder added: "The relationship was working well and I have enjoyed working with Jim and am sorry to see him go."

Boult is a former director and deputy chairman of Tourism New Zealand and has been director and chairman of several substantial public and private companies.

He was on the 1997 NBR Rich List with an estimated wealth of $15 million, but has not been on more recent lists.

He was Shotover Jet managing director from 1986 to 2001, and a shareholder in that company.

Hugh Martyn, a City Care board member for eight years, will be interim chairman.

Martyn was previously chief executive of Christchurch-based software firm PayGlobal.

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- The Press

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