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Jerry Maycock announced as new Chair of TransGrid

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PRESS RELEASE

TransGrid has announced Mr Jeremy (Jerry) Maycock will join its Board as Chair from 22 February 2018. He succeeds Dr Kerry Schott , who stepped down from the TransGrid Board in August 2017 to chair the newly – created Energy Security Board.

Mr Maycock is currently Chairman of the Port of Brisbane Pty Limited and a director of children’s education charity The Smith Family. He was previously Chairman of AGL Energy Ltd, a director of Nuplex Ltd, and Chairman of Arrium Ltd.

Mr Maycock has spent over 35 years in business leadership roles. As a senior executive he worked principally in the building and construction materials industries, and more recently as a non – executive director in energy, resources and infrastructure.

Having begun his career with Shell Oil in the UK and then New Zealand, he held a number of senior management positions in Australia, principally with Swiss – based construction materials multinational group Holcim Ltd over a 20 year period. Subsequently he held several other senior management positions, the last being Managing Director and CEO of CSR Ltd.

TransGrid ’s Acting Chair, Julie Stanley, said “the Board is delighted to have appointed Jerry Maycock as its Chair. He brings extensive experience across a range of sectors and deep energy industry knowledge.”

Mr Maycock said “I am very pleased to be joining the TransGrid Board at a time of significant change in the national energy environment. As we look to a lower carbon future and a greater role for large scale renewable energy, we will see a number of significant energy market reforms advanced.

TransGrid is well placed to support that reform to deliver lower cost energy to households and businesses through its extensive knowledge and experience in building and maintaining a reliable high voltage network , which will be critical for supporting large scale renewable energy developments .”

TransGrid , the manager and operator of the high voltage electricity network supplying customers in NSW and the ACT, has recently lodged a Revised Reven ue Proposal with the Australian Energy Regulator that will reduce the costs of TransGrid’s services for NSW and ACT energy consumers by 3.9% on average over the next five years.

TransGrid’s Proposal continues a record of delivering real price reductions in transmission costs , which account for less than 6% of an average household electricity bill in NSW.

Mr Maycock holds a Bachelor of Engineering (1st Class Honours) in Mechanical Engineering from Liverpool University UK, and has completed Stanford Universit y’s senior executive and finance management programs. Jerry is a Fellow of the Institute of Professional Engineers New Zealand, and a Fellow of the Australian Institute of Company Directors. He is a member of AICD’s Chairman’s forum and its national corpor ate governance committee.

  

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