{"id":134718,"date":"2021-08-07T01:35:21","date_gmt":"2021-08-07T01:35:21","guid":{"rendered":"https:\/\/precoinnews.com\/?p=134718"},"modified":"2021-08-07T01:35:21","modified_gmt":"2021-08-07T01:35:21","slug":"new-summerset-group-ceo-scott-scoullar-furniture-maker-descendant-car-collector","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/new-summerset-group-ceo-scott-scoullar-furniture-maker-descendant-car-collector\/","title":{"rendered":"New Summerset Group CEO Scott Scoullar: furniture-maker descendant, car collector"},"content":{"rendered":"
Recently appointed Summerset Group chief executive Scott Scoullar is a descendant of a Dunedin mayor who co-founded one of New Zealand’s largest furniture manufacturing businesses.<\/p>\n
He is also a Mustang collector and has many prized<\/span> early Japanese-manufactured vehicles.<\/span><\/p>\n Scottish migrant Arthur Scoullar (1830s\u20131899) was the mayor of Dunedin in 1888 and a founder of Scoullar & Chisholm, which employed hundreds at its prominent factory in that city as well as establishing a branch in Wellington.<\/p>\n Some of the furniture is still traded today.<\/p>\n “I tried to buy one of their dining suites in a second-hand shop in Masterson but missed out on it,” recalls Scoullar. “I’d love some of their furniture.”<\/p>\n He is also big into cars.<\/p>\n “I have nine,” he says of a fleet he keeps mainly out of Wellington where he lives. They’re at a holiday home.<\/p>\n Two Mustangs and Japanese-manufactured collectibles including Subaru and Mitsubishi are in the collection.<\/p>\n Son Regan, 15, races small vehicles which go up to 110km\/h and Scoullar is his “wing man”.<\/p>\n “If I’m not here at Summerset, I’ll be at a race track somewhere in New Zealand – mechanic, coach, driver, trainer, cook, fuel card supplier,” says Scoullar who lives in Tawa and whose parents owned petrol stations.<\/p>\n <\/p>\n He is married to Janne and they also have a daughter, Makyla, 18.<\/p>\n Scoullar studied accounting at Victoria University and much of his career has been in banking and tax.<\/p>\n He joined what was the National Bank of New Zealand in 1994. That eventually became ANZ, where he was a senior manager of performance management.<\/p>\n In 2006 he joined Inland Revenue, where he was a financial controller. In 2008 he was appointed chief financial officer.<\/p>\n In 2012 he went to work for the government at Housing New Zealand, where he was chief financial officer.<\/p>\n In 2014 he went to Summerset and became chief financial officer, being appointed into his current CEO role in March this year.<\/p>\n The company has 33 villages, where 6000 people have licenses to occupy. Scoullar says the company ranks second to Ryman Healthcare. Summerset has a $3 billion market cap, compared to Ryman’s $6.5b.<\/p>\n Asked about possible reforms sought by Associate Housing Minister Poto Williams, Scoullar says: “I think there’s always things you can do but continue to improve and evolve, like to promote residents’ voices.”<\/p>\n But on Williams’ suggestion the industry offers clearer contracts to resolve difficulties some say mean not even lawyers can understand what’s in the document, Scoullar says: “Summerset has driven plain English contract. But there are opportunities to make them plainer and keep evolving. We’ve done three reviews.”<\/p>\n And should residents share capital gains?<\/p>\n “We use the captain gains to pay for amenities on the site. We use them to pay doubt debts on facilities over a period of time.”<\/p>\n On Summerset’s controversial $300 million high-rise Parnell development, he says that’s being appealed to the Environment Court. An eight-level project for 216 apartments, 100 hospital rooms and 235 parking spaces at 23 and 41 Cheshire St has been applied for.<\/p>\n SCOTT SCOULLAR:<\/strong><\/p>\n Role:<\/strong> Summerset Group chief executive.
Last movie watched:<\/strong> Fast & Furious.
Last holiday:<\/strong> Gold Coast, pre-Covid.
Career:<\/strong> National\/ANZ, Inland Revenue.<\/p>\n