MTF names new chair
MTF Finance has announced the appointment of Sturrock Saunders as its new board chair, effective May 1.
The company notes it marks a full-circle moment for the organisation, with Saunders’ father having previously served on the board.
The appointment comes after chair Mark Darrow announced he would retire at the end of this month after six years in the role to take up the same position at Health New Zealand.
Saunders, pictured, has governance experience across New Zealand’s automotive and training sectors. He is currently president of the Motor Trade Association, co-chair of Dekra NZ (VTNZ), chair of MITO and a director of Auto Stewardship New Zealand.
Noel Johnston, MTF Finance’s acting chair, says the appointment reflects a strong alignment with the company’s heritage and future direction.
“Sturrock brings a deep understanding of our industry, alongside proven governance experience across complex, stakeholder-led organisations,” he adds.
“His background in the automotive sector, combined with his ability to bring people together and align around a clear strategic direction, makes him a natural fit for MTF Finance as we move into our next phase of growth.
“There’s also a meaningful connection to our history. With his father having served on the MTF Finance board, this appointment represents a continuation of that legacy, while bringing fresh perspective and energy to the role.”
Johnston will continue as acting chair until Saunders formally commences in the role next month.
Saunders’ career began in automotive retail, where he owned and led a multi-franchise dealership, giving him an understanding of dealer operations, customer expectations and franchise economics.
He says: “MTF is a proven leader in the specialist lending sector, and I am extremely proud to join as chair as the organisation continues its focus on helping New Zealanders with a diverse range of products and services.”
Chief executive Chris Lamers notes Saunders’ appointment comes at an important time for the business.
“Sturrock brings a strong understanding of our industry, but more importantly, he understands our model; one that puts people and relationships at the centre.
“As we build on a very strong foundation, and enter the next phase of growth for MTF, we do with a strong and engaged team across the whole organisation.”
