CRHL board Chair reappointed

John Rae has been reappointed as Chair of the Crown Regional Holdings Limited Board for a further three-year term, Regional Development Minister Shane Jones says.

"John Rae's reappointment recognises the depth of experience and governance capability he brings to the Crown's regional investment portfolio," Mr Jones says.

Mr Rae has extensive legal and financial experience across both the public and private sectors including banking and technology, and is highly experienced in capital-raising and investment.

"Mr Rae's continued leadership will provide stability and ensure the board remains well-placed to support the Government's regional development objectives."

Crown Regional Holdings Limited (CRHL) is responsible for holding significant Crown investments that support regional economic development across New Zealand.

CRHL's portfolio spans multiple government funding programmes. The portfolio has grown in both scale and complexity, reflecting the Government's commitment to regional economic development.

As at the end of the 2025 financial year, the CRHL portfolio held investments from eight regional funds in 13 regions, and 19 industry sectors. These included 201 active contracts totalling $1,085 million comprised of $822m in loans, $140m in equity, and $123m in capital assets.