AGL appoints CEO and managing director

New Transgrid CEO Brett Redman
New Transgrid CEO Brett Redman (Image: AGL)

AGL Energy Limited (AGL) has today announced that the Board has appointed Brett Redman as chief executive officer and managing director on a permanent basis.

Mr Redman has been AGL’s interim CEO since August 24, 2018 and was previously chief financial officer.

The appointment is effective January 1, 2019.

AGL chairman Graeme Hunt said, “Brett’s appointment follows a domestic and international search process that included strong internal and external candidates, as a result of which the Board formed a unanimous view that Brett is the right person to lead AGL in the years ahead.

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“Having had the opportunity to work with Brett during his four months as interim CEO, the Board has been greatly impressed with the manner in which he has led the business.

“He has demonstrated an energy and rigour and a commitment to culture and performance that has been welcomed by all.”

Mr Redman said it’s a great honour to get the opportunity to represent AGL’s people as CEO on a permanent basis.

“We have strong momentum with our commitments to safety, our customers, our people and our financial performance,” Mr Redman said.

“The team is focused on driving growth, to the ongoing transformation of our business and to investing in our social licence at a time of immense scrutiny in our sector.”

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Mr Redman was AGL’s CFO from 2012, having joined AGL in 2007 and has more than 25 years’ experience in senior roles in blue-chip industrial companies in Australia and North America.

A search process has also commenced for the Chief Financial Officer position. Damien Nicks, who has been interim CFO since August 2018, will continue to serve in this role until a permanent appointment is made.

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