"I've met him very briefly and I've watched how he's conducted himself while I've been having these discussions and you just can't help being impressed by the guy."
Snedden, who has been in talks with Duco directors Dean Lonergan and David Higgins for the past 15 months, said Parker's recent victory over Keith Thompson in Pennsylvania impressed him hugely.
"Straight after the fight finished and he's being interviewed in the ring - the normal interviews with sportsmen straight after an event finishes are usually rubbish - that was a really good interview; he had a clear head and he was able to be pleased about what he'd achieved but keep in the context that hey, he's made another step forward but it's just one more step.
"I looked at that and thought, 'Man, that's a really good sign that he's got his head screwed on right.'"
Former test cricketer Snedden will remain on the board of New Zealand Cricket. He recently assisted NZC and the International Cricket Council re-shape its Future Tours programme after India, England and Australia flexed their collective muscle, but he will relinquish his ICC directorship.
He sees his new role as being one of helping to consolidate Duco's gains - making sure the events they already have remain a success - as well as assist in new projects, both in New Zealand and overseas.
As for the professional boxing world, Snedden said: "I look at it as an event rather than the world of boxing. I look at it as Fight for Life or Joseph Parker. It's not like we are trying to take over the sport of boxing in New Zealand, that's not the point of this, the point is specific events that have attraction for sports fans."
Lonergan said Snedden had a "credible", safe pair of hands, adding: "Not only does Martin bring his skill set to the table but also the Snedden brand and we think that's incredibly valuable."