Cook Islands Investment Corporation Announces New Chief Executive Officer

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Mr Michael Henry, Chair of the Cook Islands Investment Corporation (CIIC) is pleased to announce the appointment of Mr Allan Jensen to the position of Chief Executive Officer (CEO), effective from the 26th of November 2020.

CIIC is a statutory Corporation of the Cook Islands Government. CIIC was established in 1998 through the Cook Islands Investment Corporation Act 1998 to manage Crown assets including Government land, buildings and interests on Rarotonga and the Pa Enua, and governance of Crown enterprises on behalf of the Crown (including its SOEs, the Airport Authority, Bank of the Cook Islands, CIIC Seabed Resources Ltd, the Ports Authority, Te Aponga Uira, Te Mana Uira o Araura Ltd and To Tatou Vai Ltd). CIIC’s vision and aspiration is to provide effective and efficient public assets that improve the wellbeing of Cook Islands people.

Mr Henry shared that on behalf of the CIIC Board that they are “pleased to appoint and welcome Mr Jensen to the CEO position, following a thorough and robust recruitment process, which attracted a large pool of quality applicants.” Mr Jensen has been the Chief Financial Officer of CIIC for the last 3 years and has managed a number of projects for CIIC over that time. Mr Jensen has a Bachelor of Commerce from the University of Auckland, is a Chartered Accountant with the Chartered Accountants Australia & New Zealand (CA ANZ), is a Member of the Institute of Directors of New Zealand and has extensive executive experience across the public and private sectors. Mr Jensen said he was “honoured and excited to have been selected to lead this fantastic organisation. We have a great team across the Group, operating in a very diverse and dynamic environment, making a difference every day to the nation. I am keen to partner across the public and private sector, to continue and progress work expediently, for the greater good.”

The Prime Minister, the Honourable Mark Brown and Minister responsible for CIIC congratulated Mr Jensen, and is looking forward to the continuation of the momentum of CIIC in delivering effective and efficient assets across the nation through its Crown assets’ management division and through its state owned enterprises.

The Prime Minister and Chair of CIIC also wish to acknowledge the excellent leadership and service of the out-going and retiring CEO, Mr Tamarii Tutangata, who has largely been the CEO of CIIC since 2012. Mr Henry acknowledged Mr Tutangata’s service and work of transitioning the organisation over the last 9 years to the agency it is today.

The Prime Minister remarked that “Mr Tutangata had a truly remarkable career, provided an outstanding service to the nation and the wider Pacific over the last fifty years, as a Head of various Ministries, trusted advisor and in Executive and Director General roles, and will be sorely missed by many.”

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