Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Contact Energy Adds Further Strength To Board

7 October 2003

Contact Energy Adds Further Strength To Board Of Directors

Contact Energy Ltd is adding further strength to its board with the appointment of two leading energy industry executives as new directors, the company’s chairman, Mr Phil Pryke, announced today.

The two appointees are Dr Patrick Strange, a long-standing energy industry executive and co-ordinator of the 2003 Winter Power Taskforce, and Mr Tom McDaniel, the chairman and chief executive of Contact’s majority shareholder, Edison Mission Energy (EME).

“Contact Energy has grown strongly in the past two to three years, to become New Zealand’s largest integrated energy company.

The strategic oversight for that growth has rested with the current board of six directors, a small group by New Zealand corporate standards, especially for a company of Contact’s size with significant challenges to meet as New Zealand seeks secure energy sources over the next few years,” Mr Pryke said.

“The board has therefore determined that it will appoint two additional directors as allowed by Contact’s Constitution. The Board is doing so in a balanced way, appointing a new director from New Zealand and a new director affiliated with EME. Both directors will take up their duties immediately, but will also offer themselves for re-election to the annual meeting of shareholders scheduled for February 2004”.

Mr Pryke said that the Board has decided to appoint these individuals now because it felt they could make valuable contributions on a number of pressing issues affecting Contact’s development, including the quest for new fuel sources and responding to the changing regulatory environment.

Mr Pryke said Dr Strange needed no introduction to most New Zealanders, having successfully steered the country through the electricity crisis that loomed in early winter 2003.

“We are delighted that Dr Strange has accepted this appointment. He brings a rare combination of management experience, energy industry knowledge - covering both upstream and gas and other fuel issues and network company issues – and regulatory expertise.

“Dr Strange has a clearly established standing in a national leadership role this winter with strong credibility among policy makers at both official and Ministerial level.”

As well as the Winter Power Taskforce role, Dr Strange was formerly chief executive of the Auckland network company, Vector, and prior to that was an executive with Fletcher Challenge Energy, working in the gas and electricity sectors.

Mr McDaniel is chairman, chief executive officer and president of EME, the global arm of Edison International. With assets of more than $US10 billion, EME specialises in the development, acquisition, construction, management and operation of global power production facilities, and is Contact’s majority shareholder.

Mr McDaniel became CEO and president on August 1, 2002 and was elected chairman on January 1, 2003.

“Tom McDaniel is a director of high international calibre and will be a major asset to the Contact board,” Mr Pryke said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>


  • Bill Bennett on Tech