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Board of Directors

The Directors present their report together with the financial statements of AGL Energy Limited and its controlled entities for the year ended 30 June 2019. The following sections form part of this Directors’ Report – Purpose, Values & Strategy; Operating Environment; How We Create Value; Business Value Drivers; Corporate Governance Summary; Other Required Disclosures; Operating and Financial Review; and Remuneration Report.

The names of the persons who have been Directors, or appointed as Directors, during the period since 1 July 2018 and up to the date of this Report are Brett Redman (Managing Director & CEO) (appointed on 1 January 2019), Graeme Hunt, Les Hosking, Jacqueline Hey, John Stanhope, Peter Botten, Diane Smith-Gander, Patricia McKenzie (appointed on 1 May 2019), Belinda Hutchinson (retired on 12 December 2018) and Andy Vesey (retired on 23 August 2018).

Details of the skills, qualifications, experience and responsibilities of AGL’s Directors as at the date of this Report are set out below.

Composition of Board Committees
as at 30 June 2019

Director

Status

Audit & Risk Management Committee

People & Performance Committee

Safety, Sustainability & Corporate Responsibility Committee

Nominations Committee

Graeme Hunt

Independent

Chair

Brett Redman

Managing Director & CEO

Jacqueline Hey

Independent

Chair

Les Hosking

Independent

Patricia McKenzie

Independent

Peter Botten

Independent

John Stanhope

Independent

Chair

Diane Smith-Gander

Independent

Chair

Graeme Hunt
MBA, BMET, FAus IMM
Non-Executive Director since September 2012 and Chairman since 27 September 2017. Age 62.

Current Directorships: Chairman of BIS Industries Limited and Member of CSIRO Energy Advisory Council.

Former Directorships of listed companies over the past 3 years: Graeme was a Director of Broadspectrum Limited from 7 May 2010 until 31 December 2016, and held the position of Managing Director and Chief Executive Officer from 1 November 2012 until 31 December 2016.

Experience: Graeme has extensive experience in establishing and operating large capital projects including in energy intensive industries. He was previously Managing Director of Broadspectrum Limited and Managing Director of Lihir Gold Limited. He has also held a number of senior executive positions in a 30 year career with the BHP Group.

Brett Redman
BCom, FCA, GAICD
Managing Director & CEO since January 2019. Age 49.

Current Directorships: Nil.

Former Directorships of listed companies over the past 3 years: Nil

Experience: Brett has over 25 years of experience in senior finance roles in large blue-chip industrial companies, with expertise in leading group strategy and finance in the Energy and Utilities sector. Before joining AGL in 2007, Brett held numerous finance roles at BOC in the South Pacific and North America, Email and CSR, which was complemented by his background in chartered accounting at Deloitte. Prior to Brett’s appointment as AGL’s Managing Director and CEO, Brett was AGL’s CFO since 2012, where he was responsible for leading growth initiatives including the acquisitions of the Loy Yang A and Macquarie power stations, as well as the creation of the Powering Australian Renewables Fund.

Peter Botten AC, CBE
BSc, ARSM
Non-Executive Director since October 2016. Age 64.

Current Directorships: Council Member of the Australia PNG Business Council, Chairman of the Oil Search Foundation, Business for Development Australia, Hela Provincial Health Authority, the National Football Stadium Trust in Papua New Guinea and Managing Director of Oil Search Limited (appointed on 28 October 1994).

Former Directorships of listed companies over the past 3 years: Nil.

Experience: Peter has been Managing Director of Oil Search Limited since 1994, overseeing its development into a major Australian Securities Exchange-listed company. Peter has extensive worldwide experience in the oil and gas industry, holding various senior technical, managerial and board positions in a number of listed and government-owned bodies.

Jacqueline Hey
BCom, Grad Cert (Mgmt), GAICD
Non-Executive Director since March 2016. Age 53.

Current Directorships: Director of Qantas Airways Limited (commenced 29 August 2013), Bendigo and Adelaide Bank Limited (commenced 5 July 2011), Cricket Australia and Member of Brighton Grammar School Council.

Former Directorships of listed companies over the past 3 years: Jacqueline was a director of Australian Foundation Investment Company Ltd from 31 July 2013 until 18 January 2019.

Experience: Jacqueline enjoyed a successful executive career prior to becoming a full-time company director in 2011. Jacqueline has extensive experience in the areas of information technology, telecommunications and marketing. Jacqueline worked with Ericsson for more than 20 years in finance, marketing and sales and in leadership roles in Australia, Sweden, the UK and the Middle East.

Leslie Hosking

Non-Executive Director since November 2008. Age 74.

Current Directorships:

Director of Magnis Energy Technologies Limited and Adjunct Professor of the University of Sydney John Grill Centre for Project Leadership.

Former Directorships of listed companies over the past 3 years: Les was a Non-Executive Director of Adelaide Brighton Limited from 10 June 2003 until 16 May 2018 and held the position of Chairman from 17 May 2012 until 16 May 2018.

Experience: Les has over 30 years of experience in trading, broking and management in metals, soft commodities, energy and financial instrument derivatives in the global futures industry. He was also previously a Director of The Carbon Market Institute Limited, Innovation Australia Pty Limited, Australian Energy Market Operator Limited (AEMO), and Managing Director and Chief Executive Officer of NEMMCo.

Patricia McKenzie
LLB FAICD
Non-Executive Director since May 2019. Age 63.

Current Directorships: Director of The Housing Connection.

Former Directorships of listed companies over the past 3 years: Patricia was a director of APA Group from January 2011 until March 2019.

Experience: Patricia has 40 years’ experience in the Australian energy sector with particular focus on matters of market design, industry governance and regulatory reform. Patricia was previously the Chair of Essential Energy and a director of Macquarie Generation and Transgrid. She was CEO of the Gas Market Company from 2001 to 2008 and a member of the Gas Market Leaders Group representing gas market operators from 2005 to 2010. In these roles, she was a key participant in the Council of Australian Government’s National Energy Reform, a major outcome of which was the establishment of the Australian Energy Market Operator (AEMO), of which she was a Director from 2009 to 2011.

Diane Smith-Gander AO
BEc, MBA, FAICD, FGIA, Hon. DEc, FAIM, GAICD
Non-Executive Director since September 2016. Age 61.

Current Directorships: Chair of Safe Work Australia and the Asbestos Safety and Eradication Council, Director of Wesfarmers Limited (commenced 27 August 2009), Committee for Economic Development of Australia (CEDA), North Queensland Airports Group and Keystart Loans Group, Deputy Chair of The UWA Business School Advisory Board and Member of the Norton Rose Fulbright Australia Partnership Council.

Former Directorships of listed companies over the past 3 years: Diane was a Director of Broadspectrum Limited from 22 October 2010 until 16 September 2016, and held the position of Chair from 25 October 2013 until 16 September 2016.

Experience: Diane has extensive Australian and international experience in banking and finance, technology, and strategic and management consulting. This includes as a former partner at McKinsey, and Group Executive IT and Operations, Westpac Banking Corporation.

John Stanhope AM
BCom (Economics and Accounting), FCPA, FCA, FAICD, FAIM, FAHRI
Non-Executive Director since March 2009. Age 68.

Current Directorships: Chairman of Australia Post, Port of Melbourne, The Bionics Institute of Australia and Melbourne Jazz Limited, Chancellor of Deakin University and Vice Chair of the International Integrated Reporting Council.

Former Directorships of listed companies over the past 3 years: Nil.

Experience: John has many years of experience in senior positions in financial, communications and other commercial roles. He was previously a member of the Financial Reporting Council and a Director of RACV Ltd and of Telstra Corporation Limited.

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