The man brought in to help fix the Dunedin City Council's
companies has been replaced.
Denham Shale, chairman of Dunedin City Holdings Ltd, has
stepped down from the role, it was announced yesterday.
He was replaced by Otago Museum chairman Graham Crombie, who
was appointed a DCHL board member during restructuring in
July last year.
Mr Shale would remain on the DCHL board until later this
He was brought in to help restructure the council's group of
companies in 2011, following revelations of a
multimillion-dollar shortfall in dividends from DCHL to the
The political fallout that followed included a review by
Warren Larsen and restructuring of the boards of DCHL and its
subsidiaries, overseen by Mr Shale.
A report recommending further changes within the group of
companies was expected to be presented to councillors later
Dunedin Mayor Dave Cull, in a statement yesterday, thanked Mr
Shale for his work and welcomed Mr Crombie to his new role.
Mr Shale and fellow director Bill Baylis had both previously
indicated their intentions to retire from the DCHL board
later this year.