Sharechat Logo

Genesis Energy nabs former ASB CEO Barbara Chapman for its board

Monday 16th April 2018

Text too small?

Genesis Energy, New Zealand's largest electricity generator and retailer by customers, has lured former ASB Bank chief executive Barbara Chapman onto its board, replacing John Leuchars, who is leaving after a six-year stint as a director of the government-controlled, NZX-listed company.

 

The appointment effectively replaces a director with substantial engineering experience with a director with deep knowledge of retailing and digital disruption of traditional services, reflecting the shift among electricity generator-retailers in recent years from building new power stations, for which there is no current demand, to more competitive retailing - traditionally an area of weakness for the sector that has been changing fast since a slew of small-scale competitors entered the market in the last five years.

 

“Barbara brings valuable skills to the Genesis board around disruptive innovation, marketing, digital transformation, consumer technologies and driving leading brands," said Genesis chair Jenny Shipley.

 

“I believe Barbara’s skills will both complement and enhance the board’s capability during an exciting time for our company as we seek to put greater control in the hands of more than half a million New Zealanders who choose to be with Genesis,” she said.

 

Chapman returned to ASB in 2011 after holding senior positions in Australia with its parent, Commonwealth Bank of Australia, and was seen to have revived a somewhat moribund brand and executed a shift to digital services before leaving the bank in February, saying she intended to seek company directorships. She has already joined the board of the New Zealand Initiative think-tank.

 

Her appointment will be effective from May 1 and will require confirmation from shareholders at the company's annual meeting in October. 

 

(BusinessDesk)

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Australia's GWA lobs in $118M bid for Methven
Govt leaves door open for higher emissions price cap
Methven shares halted pending material transaction
Housing market continued cooling in November
ComCom nudges Fonterra towards greater transparency
Infratil forecast unaffected by delayed return from Longroad asset sale
December 14th Morning Report
NZ dollar trades in tight range as ECB confirms end to quantitative easing
MARKET CLOSE: NZ shares rise as optimism over US-China trade deal lingers; Fletcher gains
NZD under pressure against Aussie as investors cheered by easing of trade jitters

IRG See IRG research reports