Board of Directors

John Loughlin


Mr Loughlin is the Chair of the Powerco Board.

He is a professional Company Director and Chair of Meat Industry Association of NZ Inc, EastPack Ltd, Rockit Global Ltd, Hop Revolution Limited and Carbine AgInvest Corporation Ltd. He is also a Director of the New Zealand International Business Forum and the New Zealand China Council.

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

Alternate Director

Mr Bessell is a Partner in AMP Capital’s Global Infrastructure Equity business where he is also Head of Origination and Separately Managed Accounts. He leads AMP Capital’s Australian and New Zealand origination team and also has responsibility for AMP Capital's $5 billion customised accounts infrastructure business.

Mr Bessell has more than 26 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 Alternative Assets Investment committee, 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. He is also a Graduate Member of the Australian Institute of Company Directors.

Mr Bessell was appointed to the Powerco Board in April 2015 and is now the Alternate Director for Stasha Prnjatovic.

Paul Callow  


Mr Callow is a professional Director and Consultant 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, 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 a Partner and Global Co-Head of Asset Management with AMP Capital’s Infrastructure Equity business. He also leads the Australian & NZ Infrastructure Funds team, as well as being a Director of Endeavour Energy, Australian Pacific Airports Corporation (Melbourne and Launceston airports), Opal Aged Care and is the Chairman of 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 29 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 and is currently the Alternate Director for Leisel Moorhead.           

Stasha Prnjatovic

BCom (Hons 1), GAICD

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 14 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 in 2018.

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.

Leisel was re-appointed to the Powerco Board in 2018.

Last Updated: 08 Oct 2019 - 01:26:17