AGL Energy Limited announced key changes in relation to the renewal of its Board and management as it prepares to announce the outcomes of its review of strategic direction and confirm guidance later this month as planned. Chairman Peter Botten AC has decided to step down from the Board, and current Board member Patricia McKenzie will replace him as Chair, effective 19 September 2022. Ms. McKenzie is currently the Chair of NSW Ports and the Sydney Desalination Plant group companies.

She was previously the Chair of Essential Energy, a director of APA Group, AEMO, Macquarie Generation and Transgrid, CEO of the Gas Market Company and a key participant in the Council of Australian Government's National Energy Reform. Ms. McKenzie was also the Chair-elect of AGL Australia. In addition, former Chair of the Clean Energy Council and adviser to the AEMC and AEMO on the energy transition, Miles George will join the Board from 19 September 2022 as an Independent Non-Executive Director.

This appointment follows an externally facilitated search for a director experienced in renewable energy project delivery. Mr. George is the third new Director appointed in the last 12 months, joining ESG and energy transition specialist Vanessa Sullivan and long-term international energy executive Graham Cockroft. In line with the changes above, Non-Executive Director Diane Smith-Gander AO has brought forward her resignation date to 19 September 2022.

Managing Director Graeme Hunt will finish in his role on 30 September 2022.