The Board of Directors of Ausgrid have announced that the company’s CEO Richard Gross has given notice of his intention to retire by September 30, 2022.
A global search will commence to find a replacement. The search will be undertaken by Heidrick & Struggles, led by Guy Farrow.
“The Board is grateful for the long-lead time Richard has given us to undertake a search, which is particularly important in these unprecedented times of COVID,” Ausgrid chair Dr Helen Nugent AO said.
“Richard has led Ausgrid with distinction since 2016 in challenging times as electricity distributors work to balance the needs of customers, staff and shareholders in an environment where the generation mix is rapidly changing. In so doing, he has established a strong base for the business going forward.”
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Mr Gross said, “It is and has been a privilege to lead Ausgrid. I am immensely proud of Ausgrid’s people—who are delivering for our customers in these challenging times.
“Much more remains to be done, which I will continue to lead with energy and commitment until I retire”.
Richard Gross’s career includes managing industry mergers and acquisitions, advising on and implementing regulatory strategies, leading high-performance teams and championing the interests of both providers and consumers in a rapidly changing environment.
He has successfully led major business transitions, including integrating billion-dollar businesses, with decades of experience in asset management, asset risk management, valuation drivers, market dynamics and acquisitions.