The Board of AusNet Services has appointed its new Managing Director to replace retiring MD Nino Ficca.
Tony Narvaez will take over the role effective of 1 November 2019.
Mr Narvaez is currently CEO of Endeavour Energy, the operator of the electricity distribution network for Greater Western Sydney, the Blue Mountains, the Southern Highlands and the Illawarra region of NSW, servicing over 2.4 million people.
Chairman of AusNet Services, Peter Mason, welcomed the appointment of Mr Narvaez.
“After completing a comprehensive search process, the Board is delighted that Tony will be joining AusNet Services as its next Managing Director.
“Tony has outstanding leadership qualities and capability and brings with him extensive experience in the Australian energy sector. He is ideally suited to lead the company to achieve our ambition for ongoing sustainable growth and strong financial performance while delivering value to our customers, communities and partners through our three regulated energy businesses and the growing portfolio of commercial energy services of our Mondo business.”
Prior to his current role with Endeavour Energy, Mr Narvaez was CEO of United Energy and Multinet Gas and held senior executive roles at General Electric, ATCO and Verve Energy, spanning strategy, business development, commercial, operations, major projects and joint ventures in Australia, New Zealand, Papua New Guinea and Asia.
Mr Narvaez said, “I am excited by the opportunity to lead AusNet Services. The company has a great reputation and an exciting future.
“I look forward to working with the Board and leadership team to continue to shape the company’s transformation program to ensure that AusNet Services remains in a strong position to navigate the challenges and capitalise on opportunities within the evolving energy environment.”
Mr Mason also acknowledged and reiterated the exceptional contribution of Mr Ficca to AusNet Services.
“Under Nino’s stewardship, AusNet Services has enjoyed a sustained period of excellent operational, safety and financial performance and growth, resulting in a strong balance sheet and returns to shareholders.
“The Board has also appreciated and valued Mr Ficca’s extensive industry experience and knowledge.”
Mr Ficca will assist in terms of handover to Mr Narvaez to facilitate an orderly transition for the company.
Details of Mr Ficca’s retirement arrangements are to be announced.