Sir Stephen Tindall takes leave of absence from Warehouse Group

His son Robbie Tindall will take his role in the company in his absence.
His son Robbie Tindall will take his role in the company in his absence. Photo credit: The AM Show

The man who founded The Warehouse is stepping down temporarily to focus on other commitments.

Businessman and philanthropist Sir Stephen Tindall established The Warehouse Group 35 years ago, and is one of the company's board of directors.

However he has decided to take a year-long leave of absence, leaving his son Robbie Tindall in his place.

"The Warehouse Group is currently well-led at a governance level by chair Joan Withers and the board, and at a Group level by CEO Nick Grayston and his team," Sir Stephen said in a statement.

"My confidence in this leadership and our strategy for the next 12 months and beyond makes it possible for me to take a leave of absence."

Sir Stephen's year's leave comes about as he attempts to juggle a number of other roles, including chairing Team New Zealand, development of his venture capital firm K1W1, and his charity work with the Tindall Foundation.

His work with Team New Zealand is centred on ensuring Auckland has the necessary infrastructure to cope with hosting the America's Cup in 2021.

Warehouse Group board chairwoman Joan Withers wished Sir Stephen well on his year of leave, and said she was pleased Robbie Tindall had filled his father's shoes.

"Sir Stephen's ethos and vision remains at the core of the Warehouse Group's strategy and operations," she said.

"While he will be missed, the board is well-placed to continue the Group's growth and investment for the future."

Newshub.