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The latest update is out from Contact Energy Limited ( (NZ:CEN) ).
Contact Energy Limited has announced that long-serving chair Rob McDonald will retire from the board at the company’s annual shareholder meeting later this year, after joining the board in 2015 and serving as chair since 2018. Under his leadership, Contact accelerated its renewable generation strategy, advanced major initiatives to support New Zealand’s energy transition and completed the acquisition of Manawa Energy.
Current director Jon Macdonald, an independent non-executive director since 2018, has been elected by the board to succeed McDonald as chair, effective at the close of the meeting. Macdonald, a former chief executive of Trade Me who also chairs Sharesies Group and sits on the boards of Mitre 10 New Zealand and Kiwibank, is expected to provide strong continuity of governance, supporting a smooth leadership transition and ongoing execution of Contact’s strategy.
More about Contact Energy Limited
Contact Energy Limited is a major New Zealand electricity generator and retailer, with a strategic focus on renewable energy and supporting the country’s transition to a lower-carbon energy system. The company has expanded its portfolio through initiatives such as the acquisition of Manawa Energy Limited, reinforcing its role as a key player in New Zealand’s energy market.
Average Trading Volume: 1,251,804
Technical Sentiment Signal: Strong Buy
Current Market Cap: N$9.98B
For detailed information about CEN stock, go to TipRanks’ Stock Analysis page.