Veteran Origin chairman retires

Origin Energy chairman and director Kevin McCann has retired after occupying the role for about 13 years.

The Origin Energy board elected current board member Gordon Cairns (pictured) to succeed Mr McCann as the chairman of the board of directors.

Mr McCann said he was privileged to have the opportunity to preside over the company throughout more than a decade of growth.

“When I was first elected as Chairman of the Board in 2000, Origin had a market capitalisation of around $900 million. Today, as a top 20 ASX listed corporate, Origin is the leading Australian and New Zealand integrated energy company with a market capitalisation of $15.8 billion,” he said.

“Origin, through its interest in Australia Pacific LNG, is also developing the largest coal seam gas to liquefied natural gas project in Queensland, which is on track to deliver first LNG by mid 2015.”

Mr McCann is also chairman of Macquaire Group, Australia’s biggest investment bank.

The outgoing chairman said Mr Cairns brings breadth and depth of experience as a chairman of Australian companies and former chief executive officer and long-standing director of publicly-listed companies.

“Origin will have an excellent new Chairman in Gordon Cairns. We have worked closely together as Origin directors for the past six years, and Origin will benefit from his knowledge of the Origin business and its prospects,” Mr Cairns said.

Mr Cairns joined the board of Origin in June 2007. He is a member of the Company’s Remuneration, Risk, Nomination and Health, Safety and Environment committees and is also chairman of the Origin Foundation. Currently, he is a director of Westpac Banking Corporation and World Education Australia.