His served as a director in 14 companies, and his interest in sport led to a period as president of the Hawke's Bay and New Zealand Rugby Unions. He was a founder of the New Zealand Rugby Federation, which was formed to assist players with serious injuries.
Sir Russell was passionate about helping the community and he and his wife Lady Glenys provided a $500,000 boost for the development of Taradale's Pettigrew Green Arena.
In 2006 he was inducted into the Hawke's Bay Business Hall of Fame and in 2013 was inducted into the New Zealand Road Transport Hall of Fame. He was also honoured with a knight bachelor and life membership of the International Chartered Institute of Transport. In 2004, he and Lady Glenys were granted the Freedom of the City of Napier.
Sir Russell died in March, aged 94. The New Zealand Business Hall of Fame ceremony will take place at a black tie dinner hosted by the Governor-General in Auckland on July 29.