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Commitment to NZ sees Bradley appointed as M-co MD


11 July 2000

Commitment to NZ sees Bradley appointed as M-co MD

M-co, the company that administers the electricity market in New Zealand, has appointed M-co’s Chief Executive, Philip Bradley, to the M-co Board. Mr. Bradley will become Managing Director.

“Philip Bradley’s appointment is a result of M-co’s commitment to the New Zealand electricity sector,” said Hugh Rennie, Chair of the M-co Board. “Philip possesses a broad and comprehensive understanding of the governance, financial and technical issues associated with electricity markets and his expertise in New Zealand markets is recognized in his appointment to the Board.”

Mr. Bradley has been associated with M-co since its inception in 1993 and was appointed Chief Executive in July 1999. He was a key contributor to the design and development of the wholesale electricity market in 1996, with a particular focus on governance issues and surveillance and compliance.

Since then, Mr. Bradley has taken senior and significant roles in both the ongoing evolution of the electricity market and in the further reforms being undertaken. Mr. Bradley has also advised on governance and market-incentive arrangements in other industries including gas, primary agricultural production and telecommunications.

Australian lawyer, Geoffrey Hilton, has also been appointed to the M-co Board, as a non-executive Director.

“M-co’s business continues to be strongly anchored in New Zealand electricity but there is increasing demand offshore for the skills developed in the New Zealand market. These are proving to be very transferable, but M-co remains a staunchly New Zealand company,” said Mr. Rennie.

Mr Hilton has been a partner in Henry Davis York, a commercial law firm practising out of Sydney, since 1978. He has acquired a wealth of international corporate experience as a result of his advisory work and involvement in major mergers and acquisitions. Mr Hilton has been a Director of RMB Australia, M-co’s parent company, since 1994.

M-co’s Board of Directors already includes Hugh Rennie QC (Chair), Paddy Marra, Len Ward, Michael Brogan and Ken Chapman.

-ends-


For further information please contact:
Hugh Rennie, M-co Chairman
Ph: +64 4 499-2684 (bus) +64 21 653-001 (mobile)

Philip Bradley, M-co Chief Executive
Ph: +64 4 473-5240 (bus) +64 2191-6186 (mobile)

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