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

 


Electra Appoints New Chief Executive

Electra Appoints New Chief Executive

The Board of Electra Limited are delighted to announce the appointment of Neil Simmonds as its next Chief Executive.

Neil Simmonds has been appointed Chief Executive of Electra Limited, which operates as an electricity owner and operator in the Kapiti Horowhenua region.

Until recently Mr Simmonds had spent thirteen years as Chief Executive of Counties Power; a company that, under his leadership, developed a reputation for delivering an innovative, reliable and cost-effective electricity network. Over the same time he also held senior positions in a number of industry associations and working groups, many of them focused on smart network technology.

Mr Simmonds’ appointment follows an extensive recruitment process that saw more than 40 local and international candidates apply for the role. “The calibre of the people attracted to our business was exciting,” says Electra Chair, Trish McKelvey. “It’s a true testament to Neil that he was selected ahead of some very strong CEOs and senior managers to lead our organisation, and we are looking forward to working with him.”

A qualified Engineer and Fellow of IPENZ, with an MBA from Europe’s leading business school (IMD in Switzerland), Ms McKelvey says Mr Simmonds has a well rounded resume that made him ideal for the role. “We believe Neil has an excellent balance of technical and strategic business skills and experience that will serve both our organisation and the region exceptionally well over the coming years.”

Ms McKelvey says an added bonus was that Counties Power, like Electra, is a customer owned lines company. “This means that Neil has an excellent understanding of the unique responsibilities that come with operating within a Consumer Trust structure,” she explains.

Mr Simmonds will replace current Chief Executive John Yeoman when he leaves the organisation on 30 May. Mr Yeoman announced his retirement in March after 11 years at the helm of the Electra Group.

“We are extremely grateful to John for his leadership over the last decade,” said Ms McKelvey.

“John’s financial stewardship and commercial management skills have been critical in guiding the business through many changes and challenges over that time. John has ensured the company has continued to deliver profit growth and increased returns to the Group’s owners – the company’s electricity consumers.”


[ENDS]

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Post-Post: Brian Roche To Step Down As NZ Post CEO

Brian Roche will step down as chief executive of New Zealand Post in April 2017, having led the state-owned postal service's drive to adjust to shrinking mail volumes with a combination of cost cuts, asset sales, modernisation and expansion of new businesses. More>>

ALSO:

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news