South Port appoints Derek Nind as CEO amid robust trading and board reshuffle

CEO transition marks end of an era for South Port

After 8.5 years at the helm, South Port New Zealand’s Chief Executive Officer Nigel Gear is stepping down at the end of May 2026. Gear’s tenure has been notable for strengthening operational performance, diversifying the company’s trade base, and investing in infrastructure to support Southland’s regional growth. His departure closes a chapter spanning over three decades with the company.

Stepping into the CEO role on 27 July 2026 will be Derek Nind, a seasoned port sector executive with a deep connection to South Port and Southland. Nind’s resume includes leadership roles as Managing Director of 360 Logistics Group, CEO of CentrePort, and executive positions at Lyttelton Port Company. He has also served as a Director of South Port, resigning from the board to take up the CEO position.

Interim leadership and board changes ahead

To cover the interim period between Gear’s departure and Nind’s start date, Geoff Finnerty will serve as interim CEO. Meanwhile, South Port’s Chair, Philip Cory-Wright, who has led the board for the past three years and served 16 years in total, will retire at the October 2026 Annual Shareholders’ Meeting. Nicola Greer has been lined up to succeed him, following a completed succession plan.

These governance changes signal a significant reshaping of South Port’s leadership team within a relatively short timeframe, potentially influencing strategic direction and investor sentiment.

Robust trading performance underpins confidence

South Port is closing in on the 2026 financial year with momentum. The company reported record interim results for the six months ending 31 December 2025, driven by higher cargo volumes, strong container throughput, and improved smelter-related activity. This performance has continued into the second half, supported by robust agricultural demand and export activity.

Despite acknowledging external uncertainties, including geopolitical risks, South Port remains confident in delivering a record full-year outcome. The company credits its diversified trade base and disciplined operational focus for its resilience amid a typically slower trading period.

While detailed financial metrics for the full year are yet to be disclosed, the positive interim results and ongoing operational efficiency efforts suggest a solid foundation heading into FY26’s close.