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- Release Date: 18/12/13 10:51
- Summary: DIRECTOR: MRP: Patrick Strange to join Mighty River Power Board
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MRP
18/12/2013 08:51
DIRECTOR
REL: 0851 HRS Mighty River Power Limited (NS)
DIRECTOR: MRP: Patrick Strange to join Mighty River Power Board
One of New Zealand's most experienced electricity industry leaders, Patrick
Strange, has been appointed as a director of Mighty River Power and will join
the Board in February 2014, following the completion of his tenure as Chief
Executive of the National Grid operator, Transpower.
The appointment by the Board fills a casual vacancy arising from Trevor
Janes' retirement at the end of his current term on 31 December 2013.
Mighty River Power Chair, Joan Withers, said Dr Strange had an outstanding
record of management experience and strategic leadership in the industry -
including overseeing Transpower's $3.8 billion of essential investment in the
National Grid to enhance security and reliability of electricity supply in
New Zealand. Dr Strange stepped down as a director of Mighty River Power in
2007 to take up his current role as Transpower Chief Executive. In 2011, he
was named Energy Executive of the Year at the Deloitte Energy Excellence
Awards.
Mrs Withers said there was ongoing review of the skills and experience on the
Mighty River Power Board and the retirement of two directors over the past
year provided an opportunity to complement the current range of skills and
experience.
"We're pleased to be welcoming Patrick as a director of the Company, with his
deep sector knowledge and successful track record in both management and
governance. He is also recognised as a champion of health and safety and the
'zero harm' workplace, which is a vital focus for us - in line with the
Government's and WorkSafe NZ's aspirations for New Zealand businesses."
Mrs Withers said Trevor Janes had made a significant contribution to Mighty
River Power over nearly a decade - a director since 2005, and Deputy Chair
since November 2009. "Throughout Trevor has been a strong voice, providing
valuable capital markets expertise during a period of major evolution and
growth for Mighty River Power."
Mighty River Power announced at its 2013 Annual Shareholders' Meeting that it
would be bringing the Board complement to eight directors, with the addition
of a further director in 2014. Dr Strange and any other director appointed by
the Board will retire prior to the next Annual Meeting and stand for election
by shareholders - alongside those directors retiring by rotation who are
standing for re-election and any other candidates.
End CA:00245332 For:MRP Type:DIRECTOR Time:2013-12-18 08:51:43
