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Trustpower CEO Resigns

TrustPower Ltd’s Board of Directors today announced that the Company’s Chief executive, Jeff Williams, has advised them of his intention to retire effective 27 July 2001.

Chairman Harold Titter expressed the Board’s sincere appreciation for Mr Williams nine years of outstanding leadership of the Company.

“Mr Williams has led TrustPower successfully through a period of intense and significant change in the industry. This has included corporatisation, major growth of the company and in the last three years the change of TrustPower from an integrated electricity supply company to a national leader in the generation and retail sector with the company now having 290,000 customers and significant strategic generation assets.” said Mr Titter.

The Board announced that it would undertake a search for a Chief Executive and that Mr Keith Tempest, Energy Sales Manager will be appointed as acting Chief Executive.

HAROLD TITTER
CHAIRMAN

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