AGL Energy (AGL) will restructure its board with a new, non-executive director as well as the retirement of a senior board member following ten years of service.
Ms Jacqueline Hey will join the Board as a non-executive director in March 2016, while Ms Sandra McPhee plans to retire in June 2016.
Ms Hey has enjoyed a successful executive career, having held various regional and global executive positions with Ericsson, prior to becoming a full time company director in 2010.
AGL said Ms Hey will bring a strong commercial understanding to the company, with regard to harnessing technological change to drive improvements in the customer experience, and a keen interest in stakeholder engagement.
Currently Ms Hey is a non-executive director of Qantas Airways Limited and a member of its Audit Committee. She is a non-executive director of Bendigo and Adelaide Bank Limited and is Chairman of its Change and Technology Committee and a member of its HR & Governance Committee.
Ms Hey is also a non-executive director of Australian Foundation Investment Company Ltd (AFIC) and will retire at the end of her term in June 2016 as a non-executive director of Special Broadcasting Service (SBS).
AGL Chairman, Jerry Maycock, said, “We look forward to welcoming Jacqueline Hey to the board and believe her range of skills and experience will be valuable in the rapidly changing industry environment.”
Retiring board member, Sandra McPhee joined the AGL Board in 2006. Ms McPhee was one of the foundation directors when AGL listed on ASX in October 2006 following its demerger from the merged Alinta/AGL entities.
Ms McPhee has been a member of AGL’s People and Performance Committee and the Audit and Risk Management Committee and Chair of AGL’s Safety, Sustainability & Corporate Responsibility Committee.
AGL said that under her leadership, the Safety, Sustainability and Corporate Responsibility Committee oversaw significant improvements in AGL’s safety and environmental performance.
“On behalf of the Board, I thank Sandra for her diligence and her valuable service to AGL. She has championed the cause of the customer at Board level and driven substantial change in the company’s approach to stakeholder engagement,” Mr Maycock said.
