Hunt for new Hydro Tasmania head
One of the most experienced executives in the industry, Roy Adair, has left the company.
Stephen Davy, chief commercial manager at the company and a former senior official with Eraring Energy, will fill the role in the interim.
The change follows Hydro Tasmania gaining control of the Tamar Valley Power Station, giving it access to gas supplies for the first time, which may become part of its product offering more broadly.
"The board and Roy have agreed that now is the time for change and to make way for new leadership of the business as it looks ahead to the post-reform period," chairman David Crean said.
Over the past two years, Hydro Tasmania has earned a profit of more than $100 million, Mr Crean said, and was on track to double that this financial year.
Hydro Tasmania has benefited from the introduction of the carbon tax and, through its Momentum Energy unit, has carved out a position on the mainland as one of the largest of the second-tier marketers.
"Hydro Tasmania is now looking for a new long-term leader who can take the business into the future in a united and cohesive manner," Mr Crean said.
Finalising a replacement for Mr Adair is expected to take two months, he said.
The change at Hydro Tasmania comes as the head of Snowy Hydro is also changing, with the appointment of a former head of Infrastructure NSW, Paul Broad.
Frequently Asked Questions about this Article…
Hydro Tasmania's board has decided to change chief executives. Long-serving executive Roy Adair has left the company and Stephen Davy, the firm's chief commercial manager, will step in as interim head while a permanent replacement is sought.
Stephen Davy is Hydro Tasmania's chief commercial manager and will fill the CEO role on an interim basis. He is a former senior official with Eraring Energy, bringing experience from another large generation business.
According to chairman David Crean, the board and Roy Adair agreed it was the right time for change as Hydro Tasmania prepares for the post-reform period following the reorganisation of the Tasmanian electricity industry and recent strategic moves such as gaining control of the Tamar Valley Power Station.
Hydro Tasmania has earned more than $100 million in profit over the past two years and was on target to double that to about $200 million in the year to June, according to the company's chair.
The article says Hydro Tasmania has benefited from the introduction of the carbon tax and, through its Momentum Energy unit, has established a strong mainland presence as one of the largest second‑tier energy marketers.
Gaining control of the Tamar Valley Power Station gave Hydro Tasmania access to gas supplies for the first time, and the company may broaden its product offering to include gas as a result.
The chairman said finalising a replacement for Roy Adair is expected to take around two months.
Yes. The article notes a parallel leadership change at Snowy Hydro, where Paul Broad, the former head of Infrastructure NSW, has been appointed to lead Snowy Hydro, indicating wider executive movement in the sector.
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