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The Todd Corporation is a large private
New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island coun ...
company A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared ...
with a value of $4.3 billion, owned and controlled by the Todd family and headquartered in
Wellington Wellington ( mi, Te Whanganui-a-Tara or ) is the capital city of New Zealand. It is located at the south-western tip of the North Island, between Cook Strait and the Remutaka Range. Wellington is the second-largest city in New Zealand by ...
, New Zealand. The corporation is currently led by chairman of the board, Henry Tait, and Group Chief Executive Officer, Jon Young. The corporation employs 800 individuals, at 20 locations in New Zealand, Australia and the United States, including eight on the senior management team. The
board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit orga ...
has nine members.


History

The history of Todd Corporation is understood to have begun in 1885, when Scottish immigrant Charles Todd founded and opened either a wool scouring business (according to Todd Energy) or a rural goods store in Central
Otago Otago (, ; mi, Ōtākou ) is a region of New Zealand located in the southern half of the South Island administered by the Otago Regional Council. It has an area of approximately , making it the country's second largest local government reg ...
. By 1929, it had evolved into a car sales and maintenance business run by his son and namesake Charles Todd after the company began importing motor vehicles. This automotive business would define the Todd family business until well into the 1980s. Charles Todd was credited with bringing the first motor car into Otago and in 1908 acquired a Ford dealership in
Dunedin Dunedin ( ; mi, Ōtepoti) is the second-largest city in the South Island of New Zealand (after Christchurch), and the principal city of the Otago region. Its name comes from , the Scottish Gaelic name for Edinburgh, the capital of Scotland. Th ...
then in 1928 acquired the Rootes Group franchise for
Hillman Hillman was a British automobile marque created by the Hillman-Coatalen Company, founded in 1907, renamed the Hillman Motor Car Company in 1910. The company was based in Ryton-on-Dunsmore, near Coventry, England. Before 1907 the company had ...
,
Humber The Humber is a large tidal estuary on the east coast of Northern England. It is formed at Trent Falls, Faxfleet, by the confluence of the tidal rivers Ouse and Trent. From there to the North Sea, it forms part of the boundary between ...
and
Commer Commer was a British manufacturer of commercial and military vehicles from 1905 until 1979. Commer vehicles included car-derived vans, light vans, medium to heavy commercial trucks, and buses. The company also designed and built some of its own ...
and obtained an Auckland branch. During the protectionist years of the 1930s the Todd family formed Todd Motor Industries Limited and in 1934 built an automotive assembly plant in
Petone Petone (Māori: ''Pito-one''), a large suburb of Lower Hutt, Wellington, stands at the southern end of the Hutt Valley, on the northern shore of Wellington Harbour. The Māori name means "end of the sand beach". Europeans first settled in P ...
to reassemble vehicles imported as parts from Chrysler (USA) and Rootes. According to the Todd Energy website by 1964, Todd Motors was assembling and selling over 10,000 cars per year. In 1970 the company purchased the New Zealand Mitsubishi franchise. This franchise and assembly plants were sold to
Mitsubishi Motors is a Japanese multinational automobile manufacturer headquartered in Minato, Tokyo, Japan.Todd Energy The Todd Corporation is a large private New Zealand company with a value of $4.3 billion, owned and controlled by the Todd family and headquartered in Wellington, New Zealand. The corporation is currently led by chairman of the board, Henry Tait ...
, Europa was the first to offer electric petrol pumps in New Zealand, the first to use articulated road tankers for fuel distribution and the first chain to operate service station convenience stores. The Todd family also developed interests in the prospecting for, extraction of and refining of petroleum products. In 1954 they acquired prospecting licenses around New Zealand and developed joint venture agreements with Shell Oil New Zealand Limited and BP New Zealand. The discovery of the
Kapuni Kapuni is an onshore natural gas-condensate field located in the Taranaki Basin, a ~100,000 km2 partially-inverted rift basin on the Taranaki Peninsula in the North Island, New Zealand. Discovered in 1959 and brought into production in 1970, ...
gas and condensate field in 1959 meant that the Todd family together with Shell and BP became major players in the New Zealand petroleum production business. Later discoveries in the
Maui gas field The Maui natural gas field is the largest gas, natural gas condensate and oil field in New Zealand, producing nearly three-quarters of the country's hydrocarbons, as well as providing energy for electricity generation. It is located in the Tasm ...
meant the Todd family was intimately involved in supplying a majority of New Zealand's LPG and CNG natural gas for energy generation as well as fuel for the transport industry. Together with Shell, BP and the Government-owned Petrocorp began production in 1980. In 1972 BP New Zealand took a 60 percent interest in Europa, purchasing the company's marketing and refining interests including the Europa petrol stations. The two retail brands continued to operate independently, however in 1989 they were brought under the BP brand. Todd continued its involvement in the exploration and production businesses. When sold to Mitsubishi in 1987, Todd Motors was assembling a wide range of cars, and light and heavy commercial vehicles. During the 1980s the Company held the number two market share position in the New Zealand automobile industry. The sale brought the Todd family's involvement in the New Zealand automotive industry to a close.


Investments

The Todd Corporation has interests in oil and gas exploration and production, electricity generation, property development, healthcare, minerals, technology. * Integria Healthcare * PartsTrader Markets * Todd Energy * Todd Minerals * Todd Property


Previous investments

* A 35.0% shareholding in
Metlifecare Limited Metlifecare is one of New Zealand's largest retirement village providers. They currently own and operate 32 retirement villages throughout the North Island of New Zealand. They have been listed on the NZX since 1994, and the Australian ASX main ...
, Todd Capital sold its entire shareholding in November 2005. * A 14.2% shareholding in Independent Newspapers Limited (INL) * A 25.0% shareholding in
Clear Communications Clear Communications was a telecommunications company based in New Zealand. Until merging into Telstra's operations in 2001, it was the biggest rival to Telecom New Zealand. Background Prior to 1987, New Zealand's telecommunications sector w ...
* A 20.0% shareholding in
AAPT Limited AAPT is a fixed-line telecommunications company owned by TPG Telecom. It owns significant fibre and internet infrastructure in Australia. Its national network offers data, cloud, voice and internet services. History The company was formed by the ...
, * A 21.0% shareholding in UtiliCorp NZ Inc * An interest in
Sky Network Television Sky Network Television Limited, more commonly known as Sky, is a New Zealand broadcasting company that provides pay television services via satellite, media streaming services and broadband internet services. It is also a wholesale channel prov ...
a pay television operator * A 54% shareholding in King Country Energy Ltd.


Todd Energy

Todd Energy is a diversified energy subsidiary based in New Zealand. Company offices are in
Wellington Wellington ( mi, Te Whanganui-a-Tara or ) is the capital city of New Zealand. It is located at the south-western tip of the North Island, between Cook Strait and the Remutaka Range. Wellington is the second-largest city in New Zealand by ...
,
New Plymouth New Plymouth ( mi, Ngāmotu) is the major city of the Taranaki region on the west coast of the North Island of New Zealand. It is named after the English city of Plymouth, Devon from where the first English settlers to New Plymouth migrated. Th ...
,
Perth Perth is the capital and largest city of the Australian state of Western Australia. It is the fourth most populous city in Australia and Oceania, with a population of 2.1 million (80% of the state) living in Greater Perth in 2020. Perth is ...
and
Calgary Calgary ( ) is the largest city in the western Canadian province of Alberta and the largest metro area of the three Prairie Provinces. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806, maki ...
. Net production is approximately per day of oil equivalent, and by 2015 Todd Energy expects to provide 35% of gas and 25% of oil production in New Zealand. Todd Energy has interests in several producing fields in New Zealand, including
Maui The island of Maui (; Hawaiian: ) is the second-largest of the islands of the state of Hawaii at 727.2 square miles (1,883 km2) and is the 17th largest island in the United States. Maui is the largest of Maui County's four islands, whic ...
(6.25%),
Kapuni Kapuni is an onshore natural gas-condensate field located in the Taranaki Basin, a ~100,000 km2 partially-inverted rift basin on the Taranaki Peninsula in the North Island, New Zealand. Discovered in 1959 and brought into production in 1970, ...
(50%), McKee (100%), Mangahewa (100%), Maari (16%) and Pohokura (26%). Todd also has interests in 10 exploration permits, 5 of which are operated. Todd has a 50% stake in Shell Todd Oil Services. Retail brands include Auckland Gas.


History

Todd Energy traces its roots back to 1929 as the first indigenous oil company in New Zealand. The first Todd-owned commercial venture in New Zealand however was a fellmongery opened at Heriot in West Otago in 1885.  The fellmongery was soon accompanied by a wool scouring business set up to support the growing sheep farming industry in the lower South Island. The Todd Group's first foray into the motor industry was by obtaining the ford dealership in Otago in the very early part of last century. This eventually led to the them entering the petroleum industry, as a petroleum price war in1929 cut off supplies to their Christchurch branch of a Todd motor dealership. This was the catalyst for forming the Associated Motorists Petrol Company Limited, an indigenous petroleum marketing company.


Nova Energy

Nova Energy is a subsidiary that generates electricity and retails electricity, natural gas and broadband in New Zealand. They supply energy to both the residential and commercial sector with customers ranging from private homes, schools, and hospitals to large industries. It is New Zealand operated, with its customer service teams based in New Zealand.


History

KCE sought to develop a 9.6 MW hydroelectric power station on the Mokau River, approximately 4.3 km downstream from the Wairere Falls dam. In 2006, application to Environment Waikato for resource consents was declined. Nova Energy has been granted resource consents to construct a 100MW gas fired
peaking Peaking may refer to: * Peaking, in improperly installed laminate flooring * Antenna peaking, orienting a directional antenna toward the greatest radio signal amplitude * Focus peaking, a feature in digital viewfinders that detects and highlights ...
plant about 7 km south of
New Plymouth New Plymouth ( mi, Ngāmotu) is the major city of the Taranaki region on the west coast of the North Island of New Zealand. It is named after the English city of Plymouth, Devon from where the first English settlers to New Plymouth migrated. Th ...
and, in 2017, a 360MW mid-merit gas fired power station near the
Waipā River The Waipā River is in the Waikato region of the North Island of New Zealand. The headwaters are in the Rangitoto Range east of Te Kuiti. It flows north for , passing through Ōtorohanga and Pirongia, before flowing into the Waikato River at ...
, at 869 Kawhia Rd, Otorohanga. Bay of Plenty Energy was a wholly owned subsidiary that changed its name to Nova Energy, the national brand, in 2012. Crest Energy is the developer of the Kaipara Tidal Power Station.


Power stations

Their power generation assets include geothermal, gas fired cogeneration, and solar plants.


References


External links


Todd Energy

Nova Energy
{{Electricity companies in New Zealand, state=collapsed Electric power companies of New Zealand Companies based in Wellington Oil and gas companies of New Zealand New Zealand companies established in 1884 Energy companies established in 1884