New Zealand Post
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| State-owned enterprise | |
| Industry | Postal service |
| Founded | April 1, 1987 |
| Headquarters | Wellington, New Zealand |
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Key people
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Jane Taylor (Chair) Brian Roche (CEO) David Walsh (CFO) |
| Products | Mail service, retail, service centre, banking, air freight, ocean freight, 3PL warehousing, global logistics |
| Revenue |
 NZ$1,485 million (fiscal year ending 30 June 2016) |
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NZ$150 million (2016) |
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NZ$141 million (2016) |
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| Total assets |
 NZ$20,260 million (2016) |
| Total equity |
NZ$1,293 million (2016) |
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Number of employees
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7,652 (2016) |
| Subsidiaries | Kiwibank, CourierPost |
| Website | www |
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Footnotes / references New Zealand Post Group Annual Report 2016 |
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New Zealand Post is a state-owned enterprise responsible for providing postal service in New Zealand.
New Zealand Post Office, a government agency, provided postal service in New Zealand until 1987. By the 1980s, however, economic difficulties made the government reconsider how it delivered postal services. For example, in 1987-1988 alone, the post lost NZ$50 million. In 1985, the Labour Party government under Prime Minister David Lange launched a postal review, led by New Zealand Motor Corporation CEO Roy Mason and KPMG New Zealand Chairman Michael Morris to find solutions to the post’s problems. In its final report, the team recommend transforming the postal service into three state-owned enterprises. The government in 1986 decided to follow the Mason-Morris review’s recommendations, and passed through parliament the State-Owned Enterprises Act, which corporatized several government agencies into state-owned enterprises. The Post’s corporatization was then completed with the 1987 passage of the Postal Services Act. The two acts broke up the New Zealand Post Office into three corporations: the postal service firm New Zealand Post Limited, the savings bank Post Office Bank Limited, and the telecommunications company Telecom New Zealand Limited. Today, only New Zealand Post remains a state-owned enterprise, as PostBank and Telecom were privatized in 1989 and 1990, respectively.
In its first year of operation, New Zealand Post turned the losses of previous years into a NZ$72 million profit.
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