In a statement released this afternoon, the team announced the wing trimmer for the 2013 campaign Glenn Ashby has been appointed sailing director and he and Peter Burling will take on helming duties.
Barker is still considering the offer.
"Emirates Team New Zealand recognises that Dean has significant experience and can make a valuable contribution. The role we have offered him would enable the team to capitalise on his skills," the statement read.
"Until the review process was completed it would have been unfair to all involved, and therefore inappropriate, for Emirates Team New Zealand to comment on the various reports in the media over the last week. The review process is now complete.
"It should be noted that the announcement of Bermuda as the venue for the next America's Cup series had a serious impact on the team's finances and sponsorship funding, reducing the budget by some $20 million.
"This meant the team has had to reduce its remuneration budget and each team member has, as a result, taken a significant pay cut."
Additionally several million dollars has been axed from the operations budget leading to the scrapping of one of the foiling AC45s that we had planned and, consequently, the elimination of one of the planned helmsman positions.
The Team New Zealand base will be fully operational from March 2, with work to start immediately on modifying an AC45 catamaran to foil. With the first America's Cup World Series regatta scheduled to take place at Cagliari, Italy in June, pressure is on the team to start the modifications.
The team also announced it had completed the restructuring process that came out of the team-wide review after San Francisco and 50 people have signed on and will be working full time from Monday.
- NZ Herald
