Will Burrett: Landcorp Chief Operating Officer on the Government zeroing in on the company's performance

episode

Best of Business not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Best of Business

Jannet Xuccoa: When's the right time for a trust? 44 min · 21 Dec 2025

All episodes from Best of Business →

Report any issue

Source

Recorded03 Jul 2025

Publisheromnycontent.com ↗

Handlerec:7246595

Show notes

Simeon Brown has told various Government-owned companies they must explain why they are failing to deliver their cost of equity and how they will improve their returns. The Minister for State Owned Enterprises told several of the SOEs - including NZ Post and Landcorp - that they've been underperforming over the last few years. Landcorp was also singled out because its CEO's pay climbed from $760,000 in 2021/22 to $927,000 in 2023/24, but company’s profit nearly halved to $36.3 million dollars during that time. Landcorp's Chief Operating Officer Will Burrett says the company's had to go back to basics - and they're not the only agricultural entity that's had to scale back. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.