Ann: OFFICE: MRP: Leadership team changes

• Release Date: 11/12/15 15:08
• Summary: OFFICE: MRP: Leadership team changes
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					MRP
11/12/2015 15:08
OFFICE
NOT PRICE SENSITIVE
REL: 1508 HRS Mighty River Power Limited (NS)

OFFICE: MRP: Leadership team changes

Leadership team changes

Mighty River Power today announced changes to its lead team focused on
delivering greater product and service innovation to its customers.

The changes include two new roles on the lead team, Chief Marketing Officer
and GM Digital Services, reporting to Chief Executive, Fraser Whineray.

Mr Whineray said the complementary roles would deliver greater alignment in
becoming a truly customer-centric organisation, with digital at its heart.

"There are a large number of competitors in New Zealand's small market, in
addition to competition from global tech giants. In that context we're a
comparatively small company and therefore must be astute in seizing the
opportunities and responding to the challenges that lie ahead."

He said the leadership changes were based on a review of the optimal
structure to build on the Company's existing strengths.

"I was fortunate to be able to make some relatively modest changes to the
lead team structure in the transition into the CEO role more than a year ago.
We've since refined our approach to how we want to deliver value to our Kiwi
customers and owners, and this structural change is part of contributing to a
broader innovation platform."

The existing roles of GM Customer and GM Strategy & Communications have been
disestablished.

James Munro, the current GM Customer, has decided to pursue new opportunities
outside of Mighty River Power and has elected not to apply for either of the
newly-created roles. He will be leaving Mighty River Power in early 2016.  Mr
Whineray thanked James for his significant contribution to the success of the
Company's retail business over the last 7 years.

Mr Whineray said a process for the recruitment for the new roles would begin
immediately and a transition to the new structure is expected in early 2016.

ENDS

For further information:

David Glendining
Head of Communications
T 0272 105 337

Tim Thompson
Investor Relations/Treasury
T 0275 173 470
End CA:00275016 For:MRP    Type:OFFICE     Time:2015-12-11 15:08:01