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Housing NZ chief resigns

Published: 6:15AM Friday June 16, 2006 Source: RNZ

The chief executive of Housing New Zealand has resigned. 

The announcement of Helen Fulcher's resignation comes just one week after she was cleared of blame following an investigation into alleged financial mismanagement at the corporation. 

The Auditor-General's investigation cleared Housing New Zealand of any wrongdoing over a negotiated agreement with a former contractor, who had alleged he was gagged in return for his silence over concerns about financial irregularities. 

Housing New Zealand chairman Pat Sneddon says it was always known Fulcher was not staying on in the job. He says her contract expired in April.

The department said Fulcher had been considering returning to Australia, but agreed that continuity of leadership was essential through the inquiry. 

Fulcher will now head Housing South Australia. 

An international search for a new chief executive will begin immediately.

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