Todd Corporation
| Todd Corporation | |
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Formerly called
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| Limited company | |
| Industry | Conglomerate |
| Predecessors | Todd. Bros. Limited |
| Founded | 1884 in Heriot, Otago, New Zealand |
| Founder | Charles Todd Snr. |
| Headquarters | Todd Building, Wellington, New Zealand |
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Area served
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Key people
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Geoff Ricketts (Chairman of Todd Corporation) |
| Total equity |
 $1 billion (2001) |
| Owner | Todd Family (~80%) |
| Divisions |
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| Subsidiaries |
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| Private | |
| Industry | Oil Production Natural gas wholesaling LPG wholesaling |
| Founded | 1929 |
| Headquarters | Wellington, New Zealand |
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Key people
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Paul Moore, CEO |
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Number of employees
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450 |
| Parent | Todd Corporation |
| Divisions | Todd Energy Canada Ltd (TEC) |
| Subsidiaries | Nova Energy |
| Website | www.toddenergy.co.nz |
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| Private | |
| Industry |
Electricity generation Electricity retailing Natural gas retailing LPG retailing |
| Headquarters | Wellington, New Zealand |
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Key people
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Babu Bahirathan, CEO |
| Parent | Todd Energy |
| Website | www |
The Todd Corporation Ltd is a New Zealand company owned and controlled by the Todd family and based in Wellington. Forbes magazine estimated it to be worth at least $1 billion in 2001. Sir John Todd was chairman from 1987 until he retired in 2011. He succeeded his uncle Sir Bryan Todd when Sir Bryan died.
The history of Todd Corporation is understood to have begun in 1885, when Scottish immigrant Charles Todd founded & opened either a wool scoring business (according to Todd Energy) or a rural goods store in Central Otago. 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 then in 1928 acquired the Rootes Group franchise for Hillman, Humber and Commer 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 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 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 from 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 from 1933.
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Wikipedia