TransGrid has appointed a new Chair of its Board, following the departure of Dr Kerry Schott in August 2017 to chair the newly created Energy Security Board.
Jeremy (Jerry) Maycock will join TransGrid’s Board as Chair from 22 February 2018.
Mr Maycock is currently Chairman of the Port of Brisbane and a director of children’s education charity The Smith Family. He was previously Chairman of AGL Energy, a director of Nuplex, and Chairman of Arrium.
Mr Maycock has spent over 35 years in business leadership roles. As a senior executive he worked principally in the building and construction materials industries, and more recently as a non-executive director in energy, resources and infrastructure.
Having begun his career with Shell Oil in the UK and then New Zealand, he held a number of senior management positions in Australia, principally with Swiss-based construction materials multinational group Holcim over a 20 year period. Subsequently he held several other senior management positions, the last being Managing Director and CEO of CSR.
TransGrid’s Acting Chair, Julie Stanley, said, “The Board is delighted to have appointed Jerry Maycock as its Chair. He brings extensive experience across a range of sectors and deep energy industry knowledge.”
Mr Maycock said he is very pleased to be joining the TransGrid Board at a time of significant change in the national energy environment.
“As we look to a lower carbon future and a greater role for large scale renewable energy, we will see a number of significant energy market reforms advanced,” Mr Maycock said.
“TransGrid is well placed to support that reform to deliver lower cost energy to households and businesses through its extensive knowledge and experience in building and maintaining a reliable high voltage network, which will be critical for supporting large-scale renewable energy developments.”
TransGrid, the manager and operator of the high voltage electricity network supplying customers in NSW and the ACT, has recently lodged a Revised Revenue Proposal with the Australian Energy Regulator that will reduce the costs of TransGrid’s services for NSW and ACT energy consumers by 3.9 per cent on average over the next five years.
TransGrid’s Proposal continues a record of delivering real price reductions in transmission costs, which account for less than six per cent of an average household electricity bill in NSW.
Mr Maycock holds a Bachelor of Engineering (1st Class Honours) in Mechanical Engineering from Liverpool University UK, and has completed Stanford University’s senior executive and finance management programs. Jerry is a Fellow of the Institute of Professional Engineers New Zealand, and a Fellow of the Australian Institute of Company Directors. He is a member of AICD’s Chairman’s forum and its national corporate governance committee.