A husband and wife team have been made redundant after a restructuring of the Rotorua Energy Charitable Trust.
Chief executive Stuart Burns and his finance administrator wife Andrea Thompson will finish up at the trust at the end of October after their roles were disestablished.
Trust chairman Grahame Hall said the restructuring was not a financial decision but was "realistic". The trust decided to outsource its investment management to an international firm to increase its contacts and improve its investments.
Mr Hall said that had changed the role of the chief executive. Mr Burns has been chief executive for 21 years.
Mr Hall said over the course of those years his role had changed slightly.