Leading energy distribution and transmission company, Jemena, has today announced the retirement of its Managing Director, Mr Paul Adams, bringing to a close an extraordinary career in Australia’s vibrant energy industry.
Mr Adams will be succeeded by Mr Frank Tudor, who was until recently CEO of Horizon Power in Western Australia.
Mr Adams will continue as Managing Director of Jemena until mid-October, after which he will transition into a Strategic Advisory role in support of Jemena’s parent company SGSPAA*.
SGSPAA Chairman, Mr Ruan Qiantu, thanked Mr Adams for his contribution to Jemena and the SGSPAA group as MD over the last decade.
“Paul is an extraordinary, thoughtful, and passionate leader whose contribution as Jemena’s MD has been pivotal in ensuring the organisation has effectively navigated an extremely challenging period of change across the energy sector. As a result of Paul’s efforts, Jemena is extremely well placed to contribute to Australia’s energy future,” said Mr Ruan.
“Paul’s many achievements as MD since 2008 include overseeing the substantial and efficient expansion of Jemena’s gas and electricity distribution networks, putting customers and the community at the heart of Jemena, improving safety and service reliability while lowering prices, and winning the right to build, own, and operate the $800 million Northern Gas Pipeline.
“While we are sad to see Paul move on as MD, we are pleased we will be able to continue to leverage his deep commitment to customers and understanding of the energy industry in an advisory capacity.”
Mr Ruan said Mr Adams’ successor was selected following an exhaustive recruitment process.
“We are excited to appoint Frank as the new MD of Jemena. Frank brings with him a deep understanding of the energy industry and is a passionate advocate for energy customers.”
“Frank will bring a wealth of experience to Jemena and our shareholder group SGSPAA, having held senior executive roles over the last 30 years in the European, Asian, and Australian oil, gas, and power industries with BP, Woodside and most recently as CEO of Horizon Power.
“With the Australian energy sector facing a period of unprecedented change, we believe that Frank is the ideal candidate to build on Paul’s work and lead Jemena in the next phase of its journey.
“I am confident that under Frank’s leadership, Jemena will be at the forefront of our rapidly changing sector, and will continue to provide cost effective, reliable, and sustainable energy solutions to its customers.”
Media: Michael Pintabona 0428 742 804
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About Mr Adams
Appointed Jemena Managing Director in 2008, Mr Adams has established Jemena as an industry leader in electricity distribution and pipeline infrastructure, technology, ownership, and management.
During his tenure as MD, Jemena’s safety performance has improved fivefold and reliability of supply across the Jemena Electricity Network has improved by 25 per cent. Prices to customers on all Jemena assets are down by CPI or better, with a 10 to 20 per cent reduction achieved on key assets. Jemena’s assets have also grown from $7B to a forecast $11.5B by the end of 2018.
Mr Adams holds a Bachelor of Engineering degree (First Class honours) and a Graduate Diploma of Management and Finance. In addition, he has completed Executive Management programs at the Australian Graduate School of Management and Harvard Business School.
Mr Adams is a Fellow of the Australian Institute of Company Directors, the Institution of Engineers Australia, is Chairman of the ActewAGL Distribution Partnership Board and is a former Chairman of Energy Networks Australia.
After starting his career in the Australian energy sector as a trainee electrical tester over 35 years ago, Mr Adams will retire from his full time role to spend more time with family and pursue other personal interests.
About Mr Tudor
Mr Frank Tudor is a recognised energy industry leader and has held various senior executive roles over the last 30 years in the international oil, gas, and power industries. Before joining Horizon Power as Managing Director, Frank worked at BP and Woodside, where he held various executive roles.
Horizon Power is Australia’s only vertically-integrated electricity utility and, as CEO, Mr Tudor led a significant business transformation including the promotion of innovation in regulation, technology, and customer engagement.
Mr Tudor serves on the Expert Advisory Panel with the Australian Energy Market Operator (AEMO) and is a Board member of Energy Networks Australia (and is Chair of its Asset Management Committee). He is also a past Board member of the Federal Government’s Australia China Council.
Mr Tudor holds first class degrees in engineering, economics and business administration from Curtin University (WA), London School of Economics (UK) and AGSM (University of NSW). He has also completed the Advanced Management Program at Harvard Business School and lectured in oil and gas economics and legal frameworks at the University of Western Australia.
Mr Tudor commences in the role on 15 October 2018.