Genesis Energy appoints new Chief Executive

Genesis Energy appoints new Chief Executive

Albert Brantley has been appointed as Chief Executive Officer of Genesis Energy to succeed Murray Jackson who leaves the company in August at the end of his contract term.

Mr Brantley, who holds a BSc in Engineering Geology, takes up his role on September 1, 2008.

The Chairman of Genesis Energy, Brian Corban said Mr Brantley had wide industry experience at the international level and would be an able successor to Mr Jackson.

"Albert has more than 30 years of experience in New Zealand and internationally, including the development of generation facilities in Abu Dhabi and his track record in leadership includes large scale energy facilities. We believe he has the breadth of experience to take Genesis Energy forward at a time when our energy infrastructure and its sustainability are increasingly important to the economy."

Genesis Energy is a major New Zealand generator with the most diverse range of generation including the backbone Huntly plant. It is also New Zealand's largest retailer with more than 700,000 gas and electricity customer accounts.

Between 1999 and 2004, as Executive Managing Director of CMS Power Company, Mr Brantley led a team that developed and commissioned a US$1.8 billion 1600MW generation plant with associated desalination facilities in Abu Dhabi. This project included developing an automated despatch and metering system for Abu Dhabi's power and water grids. In addition he led a project to develop and commission a 760 MW plant, also with associated desalination facilities in Abu Dhabi.

During his time in the United Arab Emirates he served on the Transmission Code and Metering Code review panels and on the Distribution and Power and Water Price Control review panels.

A Canadian with New Zealand permanent residency, Mr Brantley spent five years as CEO of the New Zealand listed gold producer, L&M Mining. His most recent leadership role was in 2007 as Chief Operating officer and Chief Development Officer of Oceanagold, a major Australian mining company with annual gold production of $280 million.

Mr Corban said with Mr Jackson last year signalling his intention to leave at the end of his contract in August 2008, the Board had had ample time to undertake an extensive recruitment process and he was confident that a smooth transition would be made in September.

ENDS

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