MRP
18/09/2014 08:37
OFFICE
REL: 0837 HRS Mighty River Power Limited (NS)
OFFICE: MRP: MRP appoints General Manager for Hydro/Wholesale
Mighty River Power today announced the appointment of Phil Gibson to the
position of General Manager Hydro/Wholesale - as part of the Company's
leadership team under new Chief Executive Fraser Whineray.
Mr Whineray said Mr Gibson had a breadth of experience from his time with
Mighty River Power over the past 10 years - most recently as Wholesale
Markets Manager - and previously in senior roles in the retail, trading and
industrial sales areas.
"It's great to have someone of Phil's calibre joining our Executive Team, and
who has a proven track record across our retail and wholesale businesses.
Phil has played a key part in achieving our financial results over the past
year where we have required astute portfolio management during record low
hydro inflows in the Waikato catchment."
As GM Hydro/Wholesale, Mr Gibson will be responsible for all aspects of
safely managing hydro operations (representing more than 10% of New Zealand's
electricity generation), the Company's gas-fired plant in Auckland, wholesale
market activities and sales to large commercial and industrial customers.
"This is an important role for our Company, which includes managing the
Waikato Hydro System - generating sufficient power for approximately 520,000
New Zealand homes. Being the North Island's largest and fastest peaking
generation plant, it is vital for satisfying variations in electricity
demand."
Mr Gibson joined Mighty River Power in 2004 and his broad experience includes
leading the design and launch of GLO-BUG, and heading Technology and
Innovation in consumer markets. He was appointed to his current role as
Wholesale Markets Manager in 2011.
"Phil is part of Mighty River Power's leadership talent programme, and I'm
really pleased to be able to appoint talent that we have been consciously
nurturing within the Company. He brings a strong customer focus to the role,
which will be valuable as we continue to grow relationships with the
Company's many vital stakeholders, particularly Waikato iwi."
Mr Whineray announced changes to Mighty River Power's leadership team in
July, including the new roles of GM Hydro/Wholesale, GM Geothermal and GM
Strategy & Communications. Recruitment for the other two roles is underway.
End CA:00255379 For:MRP Type:OFFICE Time:2014-09-18 08:37:47
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