Len Ward appointed to Board of M-co

Thursday, 26 August 1999, 1:56 pm
Press Release: Unknown

Auckland businessman, Len Ward has been appointed as a Director of the Board of M-co, The Marketplace Company, operator of New Zealand’s wholesale electricity market.

“The appointment will add to the depth of M-co’s skills in commodity markets,” said M-co Chair, Hugh Rennie.

“Mr Ward’s expertise and past experience in both financial markets and the electricity industry strengthens the unique mix of skills of the M-co staff and Board,” Mr Rennie said.

Mr Ward is well known to the electricity industry from his time as Chief Executive of Pacific Energy and through his involvement in many electricity industry committees and working groups. His most recent role has been as chair of the Metering and Reconciliation Information Agreement Governance Board, from which he has resigned to take up this directorship.

From 1993 until 1994 Mr Ward was Chief Executive and Director of the Australian Stock Exchange, Derivatives. Prior to this role he was Chief Executive and Managing Director of the New Zealand Futures and Options Exchange.

Mr Ward’s appointment completes the new M-co Board of Directors, which already includes Hugh Rennie (Chair), Paddy Marra, Michael Brogan and Ken Chapman.

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