Eric watson biography

New Zealand businessman

Eric Watson (born ) is a former businessman from New Zealand.

In , the National Business Review listed Watson as the 21st richest New Zealander.^[1] However, he was removed from the NBR Rich List.^[2]

Personal

He attended Xavier College in Christchurch where he enjoyed his schooling.

His first job on leaving school was as a butcher's apprentice. He later became a sales and branch manager at Whitcoulls and then a manager for Xerox.^[3]

Businesses

He left Xerox in to start the Blue Star Group.^[4]

Hanover

Main article: Hanover Finance

Watson and business partner Mark Hotchin bought Elders Finance in Elders, and a number of other finance companies, were brought together to create Hanover Group.^[5] In July the finance companies within Hanover Group froze repayments, suspending acceptance of new deposits.^[5]

Hanover paid dividends of NZ$41 million in the fin Eric Watson (businessman) - Wikipedia HIXIM