New Zealand Rugby has lost one of its biggest names with commercial boss Craig Fenton abruptly announcing his imminent departure.
When he was appointed to lead NZ Rugby鈥檚 commercial operations last August, Auckland-born Fenton was touted as a renowned business leader and entrepreneur.
Before joining NZ Rugby Fenton worked overseas for 25 years. His previous post was in London where he served as Google鈥檚 managing director of strategy and operations for UK and Ireland since 2017.
Fenton started his role as NZ Rugby Commercial chief executive in January but he will leave one of the game鈥檚 most important positions after one year, sparking major questions surrounding his departure.
Following the private equity deal with US fund manager Silver Lake, NZ Rugby established a separate commercial entity and board to drive revenue to fund the game.
As NZ Rugby Commercial's first chief executive, Fenton was charged with leading this operation.
The Herald has been told Fenton fell out with many people within NZ Rugby in the past nine months.
In a release confirming his departure next January, NZ Rugby said: 鈥淐raig and NZRC have agreed that Craig鈥檚 vision of change and approach to driving it are not fully aligned with the organisation. Accordingly, Craig and NZRC have mutually agreed that Craig will leave the company.鈥
At the time of his appointment Fenton said: 鈥淭he teams in black represent the top of our professional sport, of any team in any sport, and elite performance like this is sustained by the foundations on which it is built.
鈥淕rowing the commercial value of NZ Rugby through an engaged and expanding global fanbase is vital to supporting our current players and nourishing the grassroots that represent our future. I look forward to working with stakeholders across all levels of the game, honouring our legacy, whilst moving forward in a modern digital world, growing with mana. I am deeply honoured to join the NZ Rugby wh膩nau.鈥
On Tuesday, however, following confirmation of his imminent departure, Fenton said: 鈥淚t has been a privilege to play my part in helping NZRC start down this path of deepening relationships with tens of millions of fans here and overseas.
鈥淣ZRC has a strong team, and I am proud of the tangible progress that team has made over the last year. I believe in the opportunity as much as I did when I moved back home from the UK to take this role. But while we have strong shared aspirations within NZRC, we have differing views on the change needed to achieve those aspirations, and so the next phase of progress is best suited to a different leader.鈥
NZ Rugby Commercial chair Ian Narev said: 鈥淣ZRC has made significant progress over the past year. The NZRC team, under Craig鈥檚 leadership, has developed a strategic plan that sets clear commercial ambitions and areas of focus for the remainder of the decade. Whilst that plan, centred around fan engagement, will take some time to realise its full potential, NZRC has already achieved some important early wins.鈥
The NZ Rugby Commercial Board will finalise plans for appointing Fenton鈥檚 successor in coming months following the appointment of a new independent NZR Board which is expected to be in place by the end of the year.
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