AGL Energy Limited (AGL) announced today that Mr Jerry Maycock would succeed Mr Mark Johnson as Chairman. AGL also announced that Ms Belinda Hutchinson AM would join the Board as a non-executive director by the end of calendar 2010. Mr Johnson has previously advised that he would retire from the Board on 21 October 2010 following the conclusion of this year’s Annual General Meeting. Mr Johnson joined the Board of the Australian Gas Light Company in 1988 and became Chairman in 2004. He has been Chairman of AGL since its demerger from The Australian Gas Light Company in October 2006.
Mr Maycock joined the AGL Board in October 2006. His career as an executive includes more than 20 years at Holcim Limited, one of the world's largest construction materials companies. He was Managing Director of Hastie Group Limited, leading its listing on the Australian Securities Exchange in April 2005.
More recently, he was Managing Director of CSR Limited until his retirement as an executive in March this year. He is also on the Advisory Council of the Australian School of Business (UNSW).
Ms Hutchinson is the Chairman of QBE Insurance Group Limited and a director of St Vincent's Health Australia. Her previous public company experience includes directorships of Telstra Corporation Limited, Coles Group Limited, TAB Limited and Crane Group Limited. She has also served as a director of Energy Australia and Snowy Hydro Trading. She brings extensive finance industry experience having been an executive director of Macquarie Group and, prior to that, a vice president of Citibank. Further details of Ms Hutchinson's career are attached.
AGL is one of Australia's leading integrated renewable energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on 175 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. 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.