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


New Chief Executive For Contact Energy

22 September 2005


New Chief Executive For Contact Energy

Contact Energy Chairman, Mr Grant King, today announced the appointment of Mr David Hunt to the position of Chief Executive, effective from 1 October 2005.

The appointment follows an executive search process that began earlier this year to identify a replacement for Mr Steve Barrett, who retires on 30 September to return to the United States.

Mr Hunt has worked in the energy sector for over 10 years, and is currently the Executive General Manager, Corporate Development, for Origin Energy.

Prior to filling that position, Mr Hunt worked at Contact Energy from 1996 in a range of corporate, business development and strategy roles, most recently as General Manager, Corporate Development.

On making this announcement, Mr King paid tribute to the leadership of the company provided by Steve Barrett since his appointment as Chief Executive in September 2000.

“Steve has presided over a very successful period in Contact Energy’s growth and consolidated the company’s leadership position in the energy industry in New Zealand,” said Mr King.

Mr Hunt is to be paid a base salary of $550,000 and will be eligible for short term and long term incentive payments, each up to 50% of base salary, subject to the achievement of financial and non-financial objectives for the year.

“The Contact Energy board is pleased to make this appointment to the company’s most senior executive role,” said Mr King.

“David’s mix of skills and experience makes him best suited to leading Contact through the next phase of its development.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Paymark: Lockdown Equals Slowdown For Some

The three days of lockdown for Auckland earlier this month made a clear impression on our retail spending figures. While only Auckland moved into Level 3 lockdown, the impact was felt across the country, albeit at different levels. Looking at the ... More>>

Infrastructure Commission: Te Waihanga Releases Report On Water Infrastructure

The New Zealand Infrastructure Commission, Te Waihanga’s latest discussion document highlights the importance of current reforms in the water sector. Its State of Play discussion document about water infrastructure is one of a series looking at the ... More>>

Sci-Tech: Perseverance Rover Lands On Mars – Expert Reaction

NASA has landed a car-sized rover on the red planet to search for signs of past life. The vehicle has more instruments than the four rovers preceding it, and it’s also carrying gear that could help pave the way for human exploration of Mars. The ... More>>


ASB: Quarterly Economic Forecast Predicts OCR Hike As Early As August 2022

Predictions of interest rate rises have been brought forward 12 months in ASB’s latest Quarterly Economic Forecast. Chief Economist Nick Tuffley now expects the RBNZ to begin raising the OCR from its current level of 0.25% as early as August ... More>>

ACT: Matariki Almost A Half Billion Dollar Tax On Business

“Official advice to the Government says an extra public holiday at Matariki could cost almost $450 million,” ACT Leader David Seymour can reveal. “This is a perfect example of the Prime Minister doing what’s popular versus what’s responsible. ... More>>

Genesis: Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025

Genesis is assessing 6,000 GWh of renewable generation options for development after starting a closed RFP process with 11 partners. Those invited to participate offer a range of technologies as Genesis continues to execute its Future-gen strategy to ... More>>

OECD: Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020

The OECD area unemployment rate was stable at 6.9% in December 2020, remaining 1.7 percentage points above the level observed in February 2020, before the COVID-19 pandemic hit the labour market. [1] In December, the unemployment rate was also stable ... More>>

Stats NZ: Unemployment Drops To 4.9 Percent As Employment Picks Up

The seasonally adjusted unemployment rate dropped to 4.9 percent in the December 2020 quarter, from 5.3 percent in the September 2020 quarter, Stats NZ said today. Last quarter’s unemployment rate of 5.3 percent followed the largest increase observed ... More>>