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Category: Business, Economics and Finance / Electricity Energy and Utilities

Western Power CEO departs for Sydney-based TransGrid

Wednesday, 9 Mar 2016 12:42:07 | Kathryn Diss

Paul Italiano is due to start work at TransGrid later this year. (ABC News)

Western Power chief executive Paul Italiano is leaving his post to take up the top job at Australia's biggest network operator in New South Wales.

After four years as head of Western Power, Mr Italiano will start his new role at TransGrid around mid-year.

Mr Italiano replaces Peter McIntyre, who has been with the operator since 2010.

TransGrid is nearing completion of its financial, legal and governance transition from being a state-run corporation to one operated privately, after the New South Wales Government awarded the NSW Electricity Networks consortium a 99-year lease.

The deal was announced in November last year after the consortium offered to pay $10.3 billion, and was completed the following month.

In a statement, TransGrid said it was preparing the company to deliver on its new business plan.

TransGrid chairman Rick Francis acknowledged Mr McIntyre's role.

"Peter was instrumental in building a successful corporatised business in a state-owned environment and facilitating an extremely successful outcome from the NSW Government's privatisation process," Mr Francis said.

"I am very much looking forward to working with Paul to take TransGrid to its next level of development, his dynamic leadership style, commercial acumen and proven ability to transform a business in the face of significant challenges make him an excellent choice for the role."

AustraliaPlus


 

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