New Chief Executive Coup For Powernet

The appointment of Jason Franklin as chief executive was a massive coup for PowerNet, company chair Phil Mulvey said today.

Mr. Franklin, currently commercial manager at New Zealand Aluminium Smelters (NZAS), takes over from retiring chief executive Martin Walton in January 2012.

“Jason was the outstanding candidate from an excellent group of applicants,” Mr. Mulvey said. “He has proven significant high-level management, governance and industry experience both here and overseas. We were very lucky to secure him for this important position.”

“He has a vast knowledge of the electricity industry built up over many years and brings substantial commercial experience.”

Mr. Franklin has worked in a variety of roles for NZAS and its parent company Rio Tinto, and is currently an executive committee member of the Major Electricity Users Group and a member of the wholesale advisory group for the New Zealand Electricity Authority.

Originally from Ohai and educated at Lincoln University, he is a qualified chartered accountant.

He said taking over as chief executive of PowerNet was an opportunity to lead a business that has a positive future.

“PowerNet is a very well-run company that has adapted well to changes in the regulatory environment,” Mr. Franklin said. “It is seen as a company that boxes well above its weight and leads the way in the management of network assets, so it is an exciting opportunity for me.”

“Coming from an electricity user background to the supply side of the industry means I understand the opportunities and the challenges the electricity industry faces. PowerNet is in a good position and I’m looking forward to maintaining and enhancing its reputation in the industry.”

Mr. Mulvey paid tribute to outgoing chief executive Martin Walton, who has been with the company and its earlier incarnations for 35 years, including 12 as chief executive.

“Martin leaves PowerNet in a great position,” Mr. Mulvey said. “He has driven the growth in the company over the last decade, made the most of changes to the regulatory framework and put PowerNet at the forefront of network management and service delivery.”