APA Group has appointed a new CEO and Managing Director to replace Mick McCormack as he steps down from the role on 5 July.
Rob Wheals, currently APA’s Group Executive Transmission, has been chosen for the role.
APA Chairman, Michael Fraser said, “After an extensive selection process, the Board is very pleased to announce Rob Wheals as APA’s new CEO and Managing Director. Rob is a strategic thinker with ‘hands on’ operating experience and a strong track record in delivering results.
“Rob is passionate about delivering for the customer and understands the importance of culture in driving business performance. The appointment of an internal candidate is testament to the quality of APA’s senior leadership team.”
Commenting on his appointment Mr Wheals said, “It is a great honour to not only lead APA, but to do so following the outstanding leadership of Mick McCormack.
“I am picking up the baton of a business that is in a strong position. The Company’s focus remains on creating value for securityholders through leveraging its asset portfolio, skills and strong balance sheet.”
In making the announcement, Mr Fraser acknowledged the long-standing contribution of Mick McCormack.
“Under Mick’s leadership, APA has grown to be one of Australia’s great business success stories. Mick has been an outstanding leader helping to grow APA to an ASX50 listed business with over 1,800 employees and a market capitalisation today of approximately $12 billion.”
Mr McCormack said of the appointment of Mr Wheals, “I am very pleased to be able to hand over the reins to Rob as an internal appointment. I have seen Rob evolve as a leader over the last decade and he has the right mix of smarts, integrity and humility to lead the APA team.”