Sending a finance guy to fix an industrial problem

James Riley
Editorial Director

As soon as the Prime Minister was caught on the back-foot during an interview on Radio National about the slow progress in getting the National Reconstruction Fund ready to invest, you could be sure that the tempo would accelerate.

So here we are two weeks later, and the government has with little fanfare – and certainly no press conference – announced Ivan Power as the National Reconstruction Fund (NRF) Corporation’s inaugural chief executive officer.

The appointment of Mr Power, a former Macquarie Group senior global executive, puts an end to speculation that the NRF Corporation’s Board had been split between appointing a CEO candidate with deep industry background or appointing a CEO with deep financial background.

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  1. LJPatton 6 months ago

    I thought this must have been about the ABC having an accountant as editor-in-chief of news and current affairs.

  2. 6 months ago

    Brilliant article! Reflects exactly what I was thinking in reading the composition of the NRF board. Sadly, just looks like more of the same, another committee, advisory group or consultancy.
    No industrial policy reform.

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