MEDIA RELEASE
Monday 2 March 2026
Wakatū appoints new Chief Executive
Whakatū Nelson - Wakatū Incorporation has announced the appointment of Jeremy Banks as its new Tumu Whakarae (Chief Executive Officer), effective 2 March 2026.
Mr Banks succeeds Joe Hanita, who has stepped down from the role after guiding the organisation through a significant period of transformation.
Wakatū Board Chair Johnny McGregor said Mr Hanita played a pivotal role in strengthening and repositioning the organisation for the future.
“Mr Hanita has led with humility, integrity and a deep commitment to our whānau and our values. His steady presence and thoughtful decision making have helped navigate a challenging economic and environmental climate, and his leadership leaves Wakatū well placed for the next stage of our journey.”
CEO Transition
Mr McGregor said the appointment of Mr Banks continues a strong tradition of whānau leadership within Wakatū, following in the footsteps of former CEOs Kerensa Johnston,Joe Hanita, and Rachel Taulelei as Kono CEO.
“Jeremy’s appointment reflects our commitment to intergenerational planning, nurturing whānau capability and maintaining strong organisational continuity,” he said. “Joe has guided us to a key point in our transformation journey, and Jeremy will carry that momentum forward as we head toward our 50th anniversary next year, in 2027.”
Mr Banks brings extensive governance experience and a deep understanding of Wakatū to the role, having served on the Wakatū Board for more than a decade. During his time, he has held several leadership positions including Deputy Chair of the Wakatū Board, Chair of Te Pae Tauhokohoko (Commercial Board) and Te Pae Pūroro (Business Technology Steering Group).
As part of the leadership transition, Mr Banks has stepped down from his Wakatū Board role. He will continue to serve as a director at the Reserve Bank of New Zealand and Network for Learning Limited, and as a trustee of Te Here-ā-Nuku Trust.
Mr Banks said he is honoured to step into the role: “It is a privilege to serve our whānau and our Incorporation in this way. I am committed to upholding the legacy of those who have led before me, supporting our people as we move into the next phase of our journey, and our intergenerational plan Te Pae Tawhiti.”
“I also want to acknowledge the former CEO, Joe, for his leadership during a significant period of change for Wakatū. As we move ahead, I am committed to building on this work and supporting our whānau, kaimahi and businesses to thrive. Ko te pae tawhiti whāia kia tata. Ko te pae tata whakamaua kia tīna.”