Pierre van Heerden has been appointed as the first Grocery Commissioner, in the latest move to improve competition in the sector, Commerce and Consumer Affairs Minister Duncan Webb announced. He is an experienced Chief Executive and board member, with deep knowledge of the grocery industry in New Zealand, Australia and the United Kingdom. The Commerce Commission found that New Zealand supermarkets earn $1 million a day in excess profits because of a lack of competition and as the global cost of living crisis continues to put pressure on families, his appointment is a significant one to hold the sector to account. Pierre van Heerden starts his role next week.
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