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- Release Date: 25/06/13 17:32
- Summary: GENERAL: MEL: Meridian appoints new General Manager Retail
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MEL
25/06/2013 15:32
GENERAL
REL: 1532 HRS Meridian Energy Limited
GENERAL: MEL: Meridian appoints new General Manager Retail
Meridian Energy today announced Alan McCauley has been appointed as its new
General Manager Retail.
Alan is currently the General Manager - Customer Management at Australian
electricity retailer Red Energy based in Melbourne.
Meridian CEO Mark Binns says Alan brings a wealth of experience and expertise
to the GM Retail role.
"Alan was part of the team that planned Red's successful entry into the
Australian electricity retail market and has been part of the leadership team
since its inception. Red Energy has grown from a start-up company to being
an award winning national energy retailer with more than 350,000 customers
acquired organically over most states in Australia within a 10 year period,
Mr Binns says. "I look forward to having him join Meridian as we continue to
grow our Retail business."
Prior to his role with Red Energy, Alan worked for Contact Energy and has
experience in the New Zealand energy market, including project work for a
number of New Zealand electricity retailers and ECNZ.
Alan will start his new role on Monday 22 July 2013.
ENDS
Michelle Brooker
External Communications MeridianEnergy
0212259624
[email protected]
For Investor Relations queries, please contact:
Owen Hackston
Investor Relations Manager
Meridian Energy
(04) 382 7496 or 021 246 4772
[email protected]
Meridian Energy facts and figures
Financials for the year ended 30 June, 2012
- $74.6 m net profit after tax
- $106.1 underlying net profit after tax
- $476.6 m EBITDAF
Key facts
Meridian Energy:
- is an integrated renewable energy company; the largest electricity
generator in New Zealand and an electricity retailer throughout New Zealand
- owns and operates seven hydro stations and four wind farms in New Zealand,
with another wind farm currently under construction
- generates approximately 30% of New Zealand's electricity from renewable
energy, making it this country's largest generator
- owns and operates one wind farm in Australia, jointly owns the southern
hemisphere's largest wind farm with AGL and has a further wind farm under
construction
- retails electricity to over 270,000 retail customers through the Meridian
and Powershop brands (220,211 Meridian customers and 50,423 Powershop
customers). This includes 142,311 customers in the North Island (10% market
share) and 128,323 customers in the South Island (25% market share)*
- employs approximately 800 permanent and fixed term staff
- has offices in Wellington, Christchurch, Twizel, Auckland, San Francisco
and Melbourne.
- is committed to renewable energy, environmental stewardship and supporting
the communities living alongside its assets.
*Source: Electricity Authority 31 March, 2012
End CA:00237792 For:MEL Type:GENERAL Time:2013-06-25 15:32:44
