TrustPower chief bows out

TrustPower's chief executive, Jeff Williams, has told the board that he will retire at the end of the month. He has held to top job for nine-years.

"Mr Williams has led TrustPower successfully through a period of intense and significant change in the industry," says chairman Harold Titter.

This has included corporatisation, major growth of the company and in the last three years the change of TrustPower from an integrated electricity supply company to a national leader in the generation and retail sector with the company now having 290,000 customers and significant strategic generation assets."

The board has announced an immediate search for a chief executive. In the interim the company's energy sales manager, Keith Tempest, will take the role of acting chief executive.

TrustPower has $866 million in assets and annual sales of around $500 million.

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