Life After Parliament
On 2 March 2011 Mr Power announced he would step at the end of the term in late 2011. In April 2011, Power's ministerial portfolio for State-Owned Enterprises was transferred to Tony Ryall in preparation for Power's transition into business; he wanted to avoid potential conflicts of interest.
In December 2011 Power was granted the right to retain the title of The Honourable in recognition of his term as a Member of the Executive Council of New Zealand and became The Hon. Simon Power QSO. In January 2012 he became the head of Westpac Private Bank.
Read more about this topic: Simon Power
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