AGL Energy Limited (AGL) has restructured the company’s executive team, effective May 1, with managing director and CEO Andy Vesey saying the changes position the company to keep up with a dynamic and evolving industry.
The structure will result in the establishment of seven core business units and functions to form the executive team: energy market operations, new energy, stakeholder relations, group operations, organisational transformation, people and culture, and finance and technology. A separate role will be established comprising the company secretariat, but will not sit on the executive team.
As a result of the announcement chief information officer Owen Coppage and chief economist and group head of corporate affairs Paul Simshauser will be leaving AGL, with timing to be agreed. Both will lead the smooth transition of their current teams to the new model.
“While the restructuring process will deliver cost savings and involve some modest headcount reductions, a large proportion of our operational employees will not be affected,” Mr Vesey said.