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- Release Date: 05/12/12 14:02
- Summary: OFFICE: MRP: Mighty River Power Appoints GM Business Strategy
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MRP
05/12/2012 12:02
OFFICE
REL: 1202 HRS Mighty River Power Limited
OFFICE: MRP: Mighty River Power Appoints GM Business Strategy
Mighty River Power has appointed Matthew Olde to the position of General
Manager of Business Strategy and Solutions, a new position on the Executive
Management Team.
Chief Executive, Doug Heffernan, said that this new role will initially have
responsibility for the Communications and Legal functions, and then in 2013
the role will expand to include a newly created Business Strategy function
and Group Information Services.
"We are delighted to appoint Matthew to this position. His experience means
he is well equipped to contribute to the executive team and to help drive
performance improvement in Mighty River Power as the business continues to
evolve."
Mr Olde joined Mighty River Power in 2010 and most recently has been the IPO
Project Manager, overseeing the Company's preparations for a potential
listing. Mr Olde's previous experience includes over a decade in the
investment banking industry in Auckland, Sydney and London. His appointment
to this role is effective immediately and he will continue as the IPO project
manager until completion of the project.
Bruce Waters, who held the position of Acting General Manager Corporate
Affairs, will continue to focus on Maori and Government relationships and on
positioning the company through the changes taking place in national water
policy development.
ENDS
About Mighty River Power
Mighty River Power is one of New Zealand's largest electricity companies -
with its core business based on reliable, low fuel-cost electricity
generation complemented by sales to businesses and homes, which account for
about 18% of New Zealand's total electricity consumption.
The Company operates nine hydro power stations, four geothermal plants and a
multi-unit gas-fired station. More than 90% of its electricity production is
from renewable sources. Mighty River Power sells electricity through multiple
channels and retail brands, including Mercury Energy, GLO-BUG, Bosco Connect
and Tiny Mighty Power. Mighty River Power also has investments in
international geothermal projects.
For further information:
Katherine Litten
Media Relations Manager
Tel: 0272 105 337
Anna Hirst
Investor Relations Manager
Tel: 0275 173 470
End CA:00230714 For:MRP Type:OFFICE Time:2012-12-05 12:02:22
