ERM POWER'S NEW CHIEF

Written on the 30 October 2014

ERM POWER'S NEW CHIEF ERM Power (ASX: EPW) has appointed a new managing director and CEO, Jon Stretch, to commence in the role on 2 February 2015.

Stretch has international experience in the information technology, telecommunications and industrial sectors, including B2B and B2C sales.

Prior to joining EPW, Stretch was the executive vice president for Europe, Middle East and Africa for Landis+Gy, running operations from Switzerland.

Before then, he was based in Sydney as CEO of AAPT.

Stretch started his career in telecommunications with IBM in Australia in 1986.

“I am excited by this opportunity and look forward to working with ERM Power’s highly talented executive management team in leading the company in the next phase of its growth and development as the fourth pillar in the Australian electricity retailing market,” says Stretch.

His base annual remuneration will be $800,000, to be reviewed annually by the board.

EPW’s share price climbed 7.17 per cent following the announcement to $1.72 per share.


Latest News

Q & A WITH FACEBOOK GURU ANDY MCKEON AS HE JOINS AUSTRALIAN SOFTWARE COMPANY LIVETILES

HE was creative director at Apple under the legendary Steve Jobs, and is now a senior Facebook executive. In his n...

EAST COAST PROPERTY BOOM BUILDS PROFITS FOR BRICKWORKS

AUSTRALIA'S residential property boom has helped drive a sharp rise in first half earnings for Brickworks (ASX: B...

COLLINS SUPERSIZES IN EUROPE WITH PURCHASE OF 16 KFC RESTAURANTS IN THE NETHERLANDS

COLLINS Foods (ASX:CKF) has stepped up its European expansion through the purchase of 16 KFC restaurants in the Ne...

CSIRO HELPS DEVELOP AUSTRALIAN PHARMA COMPANY FROM $10 MILLION TO $305 MILLION

GOVERNMENT backed scientists have helped multiply the market value of a previously small Australian pharmaceutical...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter