Removed as general manager of Kings Quarry at Wainui in Auckland following allegations of misconduct and incompetence, Alexander Semenoff blocked appointment of chartered accountant Clinton Rains as a new director leaving the company with no quorum for its board of directors. A court order was needed to approve temporary appointment of Mr Rains as director, enabling the company to function.
Kings Quarry Ltd is a joint venture company controlled by interests associated with the Semenoff family and Andrew Ritchie’s AJR Group.
Their 2022 shareholders’ agreement entitles each to appoint two directors, with each having a right of veto over the other’s appointments. The agreement installed Alexander Semenoff as general manager, responsible for quarry operations. He is also a director.
The High Court was told Mr Semenoff was fired as general manager in July 2025 by Mr Ritchie following allegations that Mr Semenoff had dishonestly claimed work expenses in relation to overseas travel to Brazil and China and further allegations that Mr Semenoff’s behaviour towards staff and Auckland Council had hampered quarry operations.
Mr Semenoff was trespassed from the quarry site.
He subsequently disputed Mr Ritchie’s previous nomination of Mr Rains as a Kings Quarry director. Mr Rains works for Capital Management Ltd, a company associated with Mr Ritchie.
This veto, coupled with Mr Ritchie’s earlier resignation as a director, meant there was no functioning board in existence for Kings Quarry.
An urgent High Court hearing saw Mr Rains appointed temporarily as director; necessary to ensure company operations can continue, Justice Wilkinson-Smith said.
If appointment of a new director using rules in their shareholder agreement does not progress, a Companies Act application for a new appointment can proceed, she ruled.
The court was told Alexander Semenoff’s father, also a Kings Quarry director, together with Mr Rains have initiated an independent investigation into allegations of Alexander Semenoff’s misconduct.
AJ Ritchie No.2 Trust v. Semenoff – High Court (30.03.26)
26.118