The new directors are:

Rick Bettle
MBA, Dip BA, FInstD, FAICD

Mr Bettle’s professional background is in pastoral, professional and legal services. Mr Bettle has held senior roles with The New Zealand Dairy Group, Wrightson, Alliance Group Limited and Kensington Swan.

Mr Bettle is currently a director of Goodman Property Trust, Southport Limited, Eastern Hi Fi Limited, Diligent Board Member Services, Civil Aviation Authority (NZ Government), Ovita (JV between NZM&W and Agresearch)

Mr Bettle was a director of Natural Gas Corporation for 6 years.

Andrew Knight
BMS (hons), Chartered Accountant

Mr Knight’s professional background is in accounting and energy. Mr Knight has previously held senior roles in energy companies in Australia and New Zealand including roles with Vector Limited, Natural Gas Corporation, Australian Gas Light Company, and Fletcher Challenge Energy.

Prior to joining the board of Powerco Mr Knight had roles including Divisional CEO Gas and  General Manager Metering, with Vector, and General Manager Corporate Development and General Manager Energy Sales whilst with The Natural Gas Corporation.

Mr Knight is currently a director of New Zealand Oil and Gas Limited and Watchman Capital Limited.

Following the appointment of the new directors, Jonathon Sellar has resigned from Powerco’s Board of Directors, also effective today.  Mr Sellar will remain as an alternate Director.

Michael Cummings has stepped down as chairman of Powerco and Mr Bettle has been appointed as his replacement. Mr Bettle has significant governance experience as a director of a wide range of leading New Zealand companies.