Board of Directors

John Loughlin


Mr Loughlin is the Chair of the Powerco Board.

He is a professional Company Director and Chairman of Tru-Test Corporation Ltd, EastPack Ltd and Rockit Global Ltd. He is also a director of Augusta Capital Ltd.

In his executive career, Mr Loughlin was Finance Manager of Richmond Ltd before becoming the company's Chief Executive. Before holding those positions, he was an institutional fund manager. Mr Loughlin and his wife Kathryn established and own Askerne Estate Winery.

Mr Loughlin was appointed to the Powerco Board in 2013.

Michael Bessell

BEc, LLB (Hons), GradDipAppFin, MAICD

Mr Bessell is AMP Capital’s Head of Origination and Separately Managed Accounts, Australia and New Zealand. He leads AMP Capital’s Australian and New Zealand origination team and also has responsibility for AMP Capital's $4 billion customised accounts infrastructure business.

Mr Bessell has more than  23  years  of  investment  banking  and  investment  experience,  with  a focus  on mergers  and  acquisitions,  equity  raising  and  developing  infrastructure projects as a sponsor or principal across all infrastructure subsectors. He has worked in Europe and North America and has led teams undertaking investments in Europe, Australasia and North America. During the past five years, his team has transacted and executed investments with an enterprise value of more than $5 billion.

He is a member of the AMP Capital Private Equity and Alternative Assets Investment committees, is on the global infrastructure management committee and serves as a director of a number of investee companies.

Before joining AMP Capital in 2006, Mr Bessell served as a director at NM Rothschild & Sons (Australia) Ltd and worked for Schroders in Australia and the United Kingdom. Mr Bessell holds a Bachelor of Law (Honours) and a Bachelor of Economics, both from the Australian National University in Australia, and a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australasia.

Mr Bessell was appointed to the Powerco Board in April 2015.

Paul Callow  


Mr Callow is a professional director with more than 30 years’ experience in financial, commercial and engineering roles. He spent 13 years with Deloitte as a partner in the Wellington corporate finance practice and led the firm’s energy sector group in New Zealand. He has extensive advisory experience in the energy sector, both in New Zealand and internationally.

Prior to Deloitte, Mr Callow was a project director at Asiapower Developments Ltd, responsible for electricity generation project origination and development in India, and Thailand and other parts of Southeast Asia. Mr Callow holds a degree in mechanical engineering from the University of Birmingham.

He is a director on other private companies and is a chartered member of the Institute of Directors. Mr Callow was appointed to the Powerco board in September 2016.

Michael Cummings 


Mr Cummings is AMP Capital’s Head of Australian and Infrastructure NZ Funds, including having responsibility for leading its Energy and Utilities Sector team. He is also the Fund Manager for AMP Capital’s domestic flagship fund ADIT, with investments in transport, energy and social infrastructure assets, as well as a director of Australian Pacific Airports Corporation (Melbourne and Launceston airports) and an Alternate Director of Interlink M5, and Evergen (an Australian-based intelligent solar battery start-up business).

Before joining AMP Capital, Mr Cummings was the Chief Operating Officer (Energy) at Brookfield Infrastructure. This involved international governance roles as the Chair or Director on a number of company boards around the world, including NGPL and Cross Sound Cable in the US, the International Energy Group in the UK, DBP and WA Gas Networks in Western Australia, and the Tasmanian Gas Pipeline.

With more than 26 years’ experience in the infrastructure sector, Mr Cummings is a Graduate Member of the Australian Institute of Company Directors and a member of the Institute of Directors NZ and the Institution of Professional Engineers NZ.

Mr Cummings was re-appointed to the Powerco Board in 2013, having previously been a director  between 2008-2012 when working for Brookfield (and its predecessor BBI).


Angela Karl

BCom (Hons 1), LLB (Hons 1)

Alternate Director 

Ms Karl joined QIC in 2012 and is a Partner in the QIC Global Infrastructure (GI) team.

She is focused on the power and utilities sector within QIC GI’s broader infrastructure portfolio. Prior to joining QIC, Ms Karl had 11 years of investment banking, corporate advisory and transaction experience at both JPMorgan and UBS Investment Bank, with her most recent role as Australasian
Head of Power & Utilities Advisory at UBS.

During her time in banking, Ms Karl advised on more than $24 billion of mergers and acquisitions and more than $7 billion of capital raisings for Australasian corporates, predominately in the utility sector. She is also a Director of Epic Energy SA and a Director of Lochard Energy.

Ms Karl was appointed to the Powerco Board in 2013 as Principal Director and became Alternate Director to Mr Hay on 26 March 2015.               

Tom Parry

AM, BEc, MEc, PhD

Dr Parry is a Director of ASX-Compliance and Brisbane Airport Corporation. Previously he was Chairman of the Australian Energy Market Operator, Chairman of Sydney Water Corporation and Chairman of First Super Trustee Corporation.

He also has held several important positions in regulation and public policy, including 12 years as Foundation Executive Chair of the Independent Pricing and Regulatory Tribunal of New South Wales, Foundation New South Wales Natural Resources Commissioner and Director of the New South Wales Clinical Excellence Commission.

He has more than 35 years’ experience as an academic, business and public policy consultant in the financial sector and as a regulator.

Dr Parry was appointed to the Board of Powerco in 2010.

Stasha Prnjatovic

BCom (Hons 1)

Alternate Director to Michael Cummings

Ms Prnjatovic is Investment Director with AMP Capital Infrastructure Equity, responsible for asset management of AMP Capital’s energy investments in Australia and New Zealand. She has 13 years of experience in both listed and unlisted infrastructure markets, having previously worked in transactions, asset management and equity research.

Before joining AMP Capital in 2017, Ms Prnjatovic was a Director with NSW Treasury where she led $34 billion privatisation of the state’s electricity networks TransGrid, Ausgrid and Endeavour Energy. She had responsibility for asset management of the state’s electricity assets portfolio prior to the commencement of the privatisation process.

As an equity analyst with Citigroup Global Markets, Ms Prnjatovic was responsible for the coverage of Australian and New Zealand listed utility and infrastructure companies.

Ms Prnjatovic is an alternate director of Endeavour Energy and was appointed to the Powerco Board as Alternate Director to Michael Cummings in 2018. 

Leisel Moorhead

Leisel Moorhead

BA, LLB (Hons), LLM

Ms Moorhead is a Partner of the QIC Global Infrastructure team which she joined in 2008. Ms Moorhead has responsibility for asset management across the portfolio and primary responsibility for ESG within the team.  Ms Moorhead is on the board of Port of  Brisbane, CampusParc, is an alternate director on Northwestern Roads Group and was previously on the board of Powerco from 2009-2011.

Before joining QIC, Leisel had over 11 years’ corporate advisory and transaction experience as a senior lawyer at King & Wood Mallesons.  In that role, she had extensive experience in mergers and acquisitions, joint venture arrangements, acting for equity sponsors on major infrastructure projects and advising on director's duties and corporate governance.

Last Updated: 30 Aug 2018 - 04:35:58