The Todd Corporation Limited is a privately held conglomerate based in New Zealand, owned and controlled by the Todd family and headquartered in

Wellington Wellington 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 third-largest city in New Zealand (second largest in the North Island ...

, New Zealand. The corporation is currently led by board chair, Nick Olson, and group chief executive officer, Evan Davies. The corporation employs 800 individuals at 10 locations in New Zealand, Australia, and Canada including seven on the executive team. The

board of directors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...

has seven members.

History

The history of Todd Corporation is understood to have begun in 1885 when

Scottish Scottish usually refers to something of, from, or related to Scotland, including: *Scottish Gaelic, a Celtic Goidelic language of the Indo-European language family native to Scotland *Scottish English *Scottish national identity, the Scottish ide ...

immigrant Charles Todd founded and opened a fellmongery and wool scouring business (according to Todd Energy) in the small Central

Otago Otago (, ; ) is a regions of New Zealand, region of New Zealand located in the southern half of the South Island and administered by the Otago Regional Council. It has an area of approximately , making it the country's second largest local go ...

town of Heriot. 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 ( ; ) is the second-most populous city in the South Island of New Zealand (after Christchurch), and the principal city of the Otago region. Its name comes from ("fort of Edin"), the Scottish Gaelic name for Edinburgh, the capital of S ...

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 River Ouse, Yorkshire, Ouse and River Trent, Trent. From there to the North Sea, it forms ...

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 language, Māori: ''Pito-one'') is a large suburb of Lower Hutt, Wellington, New Zealand. It stands at the southern end of the Hutt Valley, on the northern shore of Wellington Harbour. Europeans first settled in Petone in Januar ...

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 corporation, multinational Automotive industry, automobile manufacturer headquartered in Minato, Tokyo, Japan.

in 1987. The Todd family also founded Europa, an oil importing and retail business that owned terminal services at four major ports and a chain of petrol stations across New Zealand. According to the Todd Energy website, this business was founded during disruptions in the petrol industry in 1929. Europa was originally named 'Associated Motorists Petrol Company Limited' (AMPC) and was formed in 1931. The company imported petrol from the Soviet Union in 1933 and was supported by the New Zealand Farmers' Union and various regional Automobile Associations. Because of price under-cutting by overseas oil companies, the government introduced price regulation of petrol in 1933. According to Todd Energy, 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 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 Tasma ...

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 natural gas development and production, electricity generation, property development, healthcare, minerals, and technology. * Integria Healthcare * PartsTrader Markets * Todd Energy * Nova Energy * Todd Minerals * Todd Property

Previous investments

* A 35.0% shareholding in Metlifecare Limited, 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 * 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 t ...

, * 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 television, satellite, media streaming services, and broadband internet services. Sky had 1,0 ...

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

New Plymouth New Plymouth () 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, in Devon, from where the first English settlers to New Plymouth migrated. The New Pl ...

, and

Calgary Calgary () is a major city in the Canadian province of Alberta. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806 making it the third-largest city and fifth-largest metropolitan area in C ...

. 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 Maui (; Hawaiian language, Hawaiian: ) is the second largest island in the Hawaiian archipelago, at 727.2 square miles (1,883 km2). It is the List of islands of the United States by area, 17th-largest in the United States. Maui is one of ...

(6.25%), Kapuni (100%), 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 the last century. This eventually led to them entering the petroleum industry, as a petroleum price war in 1929 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, broadband, and mobile in New Zealand. It supplies energy to both the residential and commercial sectors 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, the application to Environment Waikato for resource consent was declined. Nova Energy has been granted resource consents to construct a 100MW gas-fired peaking plant about 7 km south of

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 Kūiti. It flows north for , passing through Ōtorohanga and Pirongia, before flowing into the Waikato Ri ...

, at 869 Kawhia Rd,

Ōtorohanga Ōtorohanga is a north King Country town in the Waikato region in the North Island of New Zealand. It is located south of Hamilton, New Zealand, Hamilton and north of Te Kūiti, on the Waipā River. It is a service town for the surrounding Da ...

, which was put on hold in 2021. 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