AGL Energy Limited (AGL) Chairman Mark Johnson today announced the appointment of Mr Les Hosking as a non-executive director on the AGL Board.
Mr Hosking, 63, is currently Managing Director of the National Electricity Market Management Company (NEMMCo), the company which administers and operates the national electricity market. He has been a director of NEMMCo since 1996.
NEMMCo will be merged into the Australian Energy Market Operator (AEMO) in July 2009 when it takes over the market operations for both gas and electricity nationally. In August 2008, Mr Hosking was appointed by the Ministerial Council on Energy as a non-executive director of the new AEMO Board.
Mr Hosking also has more than 30 years experience in Australian financial markets. He was Managing Director of Sydney Futures Exchange Limited from 1985 to 2000. From 2000 to 2003, he was Chief Executive Officer of Axiss Australia, an organisation established by the Federal Government to attract global financial services to Australia.
Mr Johnson said “Mr Hosking is extremely knowledgeable about the electricity market in Australia. His extensive skills and experience in electricity and financial markets are ideally suited to AGL’s needs as it implements its strategy of becoming a world class integrated energy company.”
Mr Hosking’s appointment as a director will be effective from 1 November 2008.
A career summary for Mr Hosking is attached.
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Analysts & Investors
Graeme Thompson, Head of Investor Relations
Direct: 02 9921 2789
Mobile: 0412 020 711
e-mail: gthompson@agl.com.au |
Media
Andrew Scannell, Head of Media
Direct: 03 8633 6167
Mobile: 0407 290 658
e-mail: ascannell@agl.com.au
Nathan Vass, Senior Adviser Media
Direct: + 61 2 9921 2264
Mobile: + 61 (0) 0405040 133
e-mail: nvass@agl.com.au |
About AGL
AGL is one of Australia's leading integrated energy companies and is taking action
toward creating a sustainable energy future for our investors, communities and
customers. Drawing on over 170 years of experience, AGL operates retail and merchant
energy businesses, power generation assets and an upstream gas portfolio. AGL has
Australia's largest retail energy and dual fuel customer base. AGL has a diverse power
generation portfolio including base, peaking and intermediate generation plants, spread
across traditional thermal generation as well as renewable sources including hydro,
wind, landfill gas and biomass. AGL is Australia's largest private owner and operator of
renewable energy assets and is looking to further expand this position by exploring a
suite of low emission and renewable energy generation development opportunities.
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Les Hosking
Career Summary
| Employment History |
|
National Electricity Market
Management Company |
Managing Director (2003 – Present)
|
| Axiss Australia |
Chief Executive Officer (2000 – 2003) |
Sydney Futures
Exchange Limited
|
Chief Executive Officer (1985 – 2000)
Regional Representative, Asia International
Commodities Clearing House Ltd (1984)
Divisional Manager (1979 – 1983)
Manager (1974 – 1978)
Trader (1968 – 1974) |
| JW McGregor |
Floor Trader (1965 – 1968) |
| Royal Australian Navy |
Officer (1960 - 1964) |
| |
|
| Boards and Committees |
|
Adelaide Brighton Cement Limited
(2003 – present)
|
Non-executive director.
Chair of Audit, Risk and Compliance
Committee; Chair of Corporate Governance
Committee; Chair of Remuneration
Committee. |
Innovation Australia
(2002 – present) |
Non-executive director.
Chair of Venture Capital Committee |
Innovation Australia is an independent statutory body invested by the Federal
Government to oversee the administration of its innovation and venture capital
programs. |
Australian Energy Market Operator
(from August 2008) |
Non-executive director
|
Financial Sector Advisory Council
(since 1998) |
Member
|
|
|
| Professional Affiliations |
|
Fellow, Australasian Institute of Banking and Finance
Associate, Securities Institute of Australia |
|
|
| Awards |
|
Inducted into Australian Banking and Finance Hall of Fame for outstanding contribution
to Australia’s financial services industry (2000)
Centenary Medal for outstanding service in promoting Australia as a global financial
centre (2003) |
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