Scoop has an Ethical Paywall
Smol to join Contact board
By Gavin Evans
Sept. 25 (BusinessDesk) - Former top public servant David Smol is to join the board of Contact Energy next month.
Smol previously ran the Ministry of Economic Development. He established the Ministry of Business, Innovation and Employment in 2012 and ran it until 2017.
Contact chair Rob McDonald said Smol’s extensive experience in the energy sector and in public sector leadership will strengthen the board.
The company, like the other major generator-retailers, is working hard to ensure the industry doesn’t become a political whipping boy in the wake of the electricity price review currently underway. The independent panel’s initial work last month showed no evidence of excessive profiteering in the sector.
Smol’s previous energy sector experience includes work with Conoco in the UK, and six years with the New Zealand Treasury and ECNZ. He spent two years with Contact from 1995 as the firm’s wholesale market development manager.
Contact's shares last traded at $5.82 and have increased 4.7 percent so far this year.
(BusinessDesk)
ends
John Mazenier: Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
Earthquake Commission: Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
Reserve Bank: Consultation Opens On A Digital Currency For New Zealand
NIWA: Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New Research
New Zealand Customs Service: A Step Forward For Simpler Trade Between New Zealand And Singapore
Horizon Research: 68% Say Make Banks Offer Fraud Protection
