Kainga Ora

Shakeup at Kāinga Ora: CEO Quits Amidst Government Changes

CEO of Kāinga Ora resigns over unexpected organization overhaul. Is he leaving with more than just a golden handshake? Find out more!

Kāinga Ora, the state housing corporation, is experiencing a major shakeup as CEO Andrew McKenzie announces his resignation. McKenzie cited the unexpected changes implemented by the government as the reason for his departure, stating that it was not what he had originally signed up for. The leadership at Kāinga Ora is in turmoil, with a former board member revealing plans for a monitoring group to oversee the agency during this period of transition.

McKenzie's departure is set to come with a significant financial compensation, as he is expected to receive half of his annual pay as a golden handshake. The move has sparked controversy, with reports labeling the $365,000 payout as 'sickening.' Questions have been raised about the amount of compensation McKenzie is entitled to for resigning.

In a surprising turn of events, Kāinga Ora has decided to prioritize cost over quality by reverting to the exclusive use of Pink Batts, as confirmed by the agency's commercial general manager, Caroline McDowall. The decision to opt for cost-efficient materials signifies a shift in the organization's approach to providing state housing.

As the dust settles on McKenzie's resignation, the Taxpayers' Union continues to voice concerns over the sizable payout received by the outgoing CEO. The controversy surrounding the compensation further highlights the challenges faced by Kāinga Ora in navigating the evolving landscape of state housing in New Zealand.