New CEO for Hydro Tasmania

Hydro Tasmania CEO Steve Davy
Hydro Tasmania's departing CEO Steve Davy

Steve Davy has been announced as Hydro Tasmania’s new chief executive officer, a role he has been acting in since June 2013.

Mr Davy was previously Hydro Tasmania’s chief commercial officer and has been with the business since for around eight years.

Hydro Tasmania chairman Dr David Crean said Mr Davy has played a key role in the transition of the business into the National Electricity Market.

“He was selected from a talented pool of internal and external candidates after an extensive process undertaken by the board,” Dr Crean said.

“The board believed he was the best choice, in particular to handle the many complex Issues and regulatory risks presented by the current national market in which we operate.

“As the head of our Commercial business, Steve has been at the forefront of Hydro Tasmania’s shift to becoming an integrated energy business that enhances the value of our renewable energy while seeing the benefits returning to the state.”

Mr Davy has overseen the company’s commercial operations that include supporting mainland retailing, contract and spot trading, major customer negotiations, supplier arrangements and a range of operational activities.

Currently the chairman of Hydro Tasmania’s mainland retail business Momentum Energy, he has also previously served as chair of the Australia Financial Markets Association Environmental Products Committee. Currently, Mr Davy is also the representative for Generators on the National Electricity Market’s Reliability Panel.

He replaces Roy Adair, who left the business on June 30, 2013.