Kāinga Ora's Chief Executive Andrew McKenzie will be stepping down at the end of October, with a $365,000 payout.

A review has found the state housing provider needs significant savings to be financially viable.

Kainga Ora Chair Simon Moutter says it's the right time.

"Given the extent of change going on in this organisation with the changes through the Government's budget allocations to KO and the findings of the independent review...it was only right."

LISTEN ABOVE

Kāinga Ora's Chief Executive Andrew McKenzie will be stepping down at the end of October, with a $365,000 payout.
A review has found the state housing provider needs significant savings to be financially viable.
Kainga Ora Chair Simon Moutter says it's the right time.
"Given the extent of change going on in this organisation with the changes through the Government's budget allocations to KO and the findings of the independent review...it was only right."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Advertisement