Board tribute To the Chairman
Michael’s leadership has been instrumental in achieving a successful public listing on the NZX, ensuring Aucklanders retained ownership of their energy assets, and in making sure that Vector could both maintain and invest in our traditional network, while at the same time exploring solutions for very different future possibilities. Michael has been unafraid to challenge those around him to think laterally, to grasp the issues of today and navigate the technological solutions of the future. As a result, his influence has seen Vector lead innovation in the electricity sector through early adoption of disruptive technologies in production, storage, delivery and management, and in doing so, clearly empower consumers. On the global stage, Vector is acknowledged as being at the forefront of energy democratisation. Under Michael’s stewardship, the Vector Board and management team have delivered 12 consecutive years of dividend growth, 75% of which was delivered directly to the people of Auckland by way of the Entrust dividend. However, he has also been outspoken in his belief that Vector’s continued financial health requires further diversification, rejection of the industry status quo and a sharp eye on macro-trends. A genuine advocate for diversity both within the organisation and at the boardroom table, Michael has championed Vector’s diversity and Rainbow Tick initiatives, the Living Wage accreditation, our sustainability leadership and introduced the Future Directors’ programme. He has also been unequivocal in his support for Vector’s strong health and safety policies that has seen the company cease ‘live lines’ work wherever possible to protect maintenance crew’s lives. Never one to shy away from controversy or making tough calls, Michael Stiassny has led Vector with unswerving dedication to improve Auckland’s energy future by planning today for what will happen tomorrow.
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