The Stanwell Board says it has reluctantly agreed to accept the resignation of Stanwell’s chief executive officer, Richard Van Breda.
Richard will continue full time in the CEO role until May 28, 2021.
“Richard has led Stanwell through many challenges since his 2012 appointment to the position of CEO,” Stanwell independent non-executive chair and director Paul Binstead said in a statement.
“Under his leadership, Stanwell has consistently achieved a strong financial performance, earned the trust of its people and host communities, in both Rockhampton and the South Burnett and positioned itself as a key participant in the energy market of the future.
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“During Richard’s 20 years of leadership within the Queensland energy sector he has played a key role in planning for the future of the industry, both through his roles at Tarong Energy and Stanwell and as a non-executive director of the Australian Energy Council.
“The Board thanks Richard for his leadership, hard work and great contribution to making Stanwell the successful business it is today.”
Prior to May 28 the Board will appoint an acting chief executive officer and the process to recruit a permanent chief executive officer will commence.
“On behalf of the Board, I wish Richard every success. He leaves Stanwell and the broader energy industry much stronger for his vision, values and leadership,” Mr Binstead said.