AGL shakes up APG board
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
AGL Energy (AGK) has appointed three directors to the Australian Power and Gas Company (APG) board and announced a change of CEO after taking voting power of approximately 81% in the target.
In a statement to the Australian Securities Exchange, AGL said it intended to exercise its right to appoint a majority of directors to the target's board after its voting power exceeded 50 per cent.
AGL appointed its chief financial officer Brett Redman, company secretary Paul McWilliams and head of capital markets John Hobson as APG's new non-executive directors.
They replace Michael Hogg and Shinji Wada, who have resigned effective immediately, and Richard Davison also ceases his position as alternate director for Mr Hogg.
AGL announced that Australian Power and Gas chief executive officer James Myatt ceases his employment, effective immediately.
Australian Power and Gas' chief financial officer Warren Kember has been appointed interim CEO.
AGL has also announced it will acquire additional shares in Australian Power and Gas Company Ltd on-market instead of off-market.
In a statement to the, AGL said it would pay up to 52 cents per share, the price at which it made an off-market takeover offer.
AGL now has voting power in APG of 81%, after lifting it to 75 per cent last week.
The Australian Competition and Consumer Commission said the takeover was unlikely to substantially lessen competition in Victoria's energy sector.
Call 1300 880 160
Start a chat
Schedule a call
