Thursday 14th December 2017
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Tilt Renewables, the wind and solar generation facilities which split from Trustpower last year, has named Deion Campbell as chief executive to replace Robert Farron who departs at the end of the year.
Campbell had been Tilt's generation and trading general manager up until Oct. 1 and according to his Linked In page has spent the past two months as a renewable energy and management consultant for Birkam Consulting. He had held the generation and trading role since October 2016, when Tilt was split from Trustpower. Prior to that, he had spent more than five years as Trustpower's general manager of generation.
Farron had also made the transition from Trustpower, where he had served as the chief financial officer for almost 13 years and led the demerger process before taking the CEO job at Tilt. Campbell starts as CEO on Jan. 25.
Last month Tilt posted a first-half loss of A$2.6 million, from a profit of A$10.5 million a year earlier, when weak winds and reduced output from the Snowtown wind farms in South Australia. The company is focused on building the 54-megawatt hour Salt Creek Wind Farm by July next year, while its development activity has prioritised the 300 MWh Dundonnell Wind Farm which is due for an investment decision in mid-2018.
The dual-listed shares last traded at $2.01 on the NZX and have gained 6.4 percent in the past 12 months, lagging behind a 22 percent gain for the S&P/NZX 50 Index.
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