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Board of Directors – The Power Company Ltd.

The Power Company Limited Board is made up of five Directors appointed by the Southland Electric Power Supply Consumer Trust.

Director’s responsibilities are governed by the company’s constitution and the Companies Act 1993. Directors’ roles include determining policies, preparing a Statement of Intent, Business Plan and Asset Management Plan, monitoring PowerNet’s performance, reporting to the shareholder (Southland Electric Power Supply Consumer Trust), publishing an Annual Report and ensuring PowerNet Limited complies with legislation.

The Directors are:

Chair

Douglas Fraser BSc (Chemistry) CFInstD (Chair)

Doug farms sheep and dairy cows on 595 hectares in Western Southland. He is chair of The Power Company Ltd, a director of PowerNet Ltd and Electricity Southland Ltd, and a member of the OtagoNet Joint Venture Governing Committee.

Doug was also chair of Otago Power Services Ltd until its amalgamation with PowerNet Ltd on 31 March 2016. Previous governance roles include NZ Wool Board, Wools of NZ, Woolpro and AgITO.

Doug is a chartered fellow of the Institute of Directors.

Duncan Fea BCom FCA CFInstD

Duncan is a managing partner in Findex Queenstown, chartered accountants and business advisors.

He has a number of directorships which include The Power Company Ltd, PowerNet Ltd, Electricity Southland Ltd and Southern Generation GP Ltd. He is chair of the OtagoNet Joint Venture governing committee and is a past director of Peak Power Services Ltd, Pioneer Generation Ltd and Queenstown Airport Corporation Ltd.

Duncan is a fellow chartered accountant of the Chartered Accountants Australia and New Zealand and is a chartered fellow of the Institute of Directors.

Donald Nicolson

Don joined the board of The Power Company Ltd in 2015. He is Chair of PowerNet Ltd and a member of the OtagoNet Joint Venture Governing Committee.

He is a former trustee of the Southland Electric Power Supply Consumer Trust, and currently a trustee of the Environomics (NZ) Trust. Previously, Don has been the local and national president of Federated Farmers of New Zealand.

Wayne Mackey B.E. (Electrical) MIEEE

Wayne has been a director of The Power Company Ltd and PowerNet Ltd since 2017. Prior to this Wayne was CEO of Network Tasman Ltd for 18 years. He has also held directorships with Nelson Electricity Ltd and SmartCo Ltd.

From 1991-1998, he was CitiPower’s general manager and prior to that city energy engineer with the Nelson City Council.

Wayne is also a member of the Institute of Electrical and Electronic Engineers.

Peter Moynihan B.AgSc.

Peter joined the board of The Power Company Ltd in September 2017. He is also a director of PowerNet Ltd.

Peter brings experience as a director in the agribusiness sector.

He is currently on the board of agricultural cooperative, Ravensdown Ltd, and a director of dairy farming businesses, Rathmore Farm Ltd and Aerodrome Farm Ltd.

Since 1993, Peter has held several roles with Westpac NZ Ltd. He is currently the bank’s Agribusiness Regional Manager – South Island.

The Power Company is owned by the Southland Electric Power Supply Consumer Trust on behalf of consumers connected to the network. Click on this link for more information about the Trust.