Last checked at 23 Sep 2008 17:09
THE JERSEY ELECTRICITY COMPANY LIMITED
23rd September, 2008
Directorate Change - Announcement of New Chief Executive
Jersey Electricity announces that Mr Christopher Ambler has been appointed as a Director and Chief Executive of the Company with effect from 1st October, 2008. Chris succeeds Mike Liston, who is standing down as Chief Executive to pursue other professional interests, but who will remain on the Board as a Non-Executive Director.
Chris is a 39 year old Chartered Engineer with a First Class Honours Degree from Queens' College Cambridge and an MBA from INSEAD, Europe's leading Business School. He has wide international experience of strategic and operational business development in the energy and technology sectors, gained whilst working for major corporations including ICI/Zeneca, BOC and British Gas/Centrica, as well as corporate finance consulting roles.
The Company's Chairman, Geoffrey Grime said that the Board recognised the major importance of this appointment to the Company's customers, investors and staff, especially given the challenges it faces in preserving high standards of electricity supply security, economy and environmental performance in worsening global energy and climate change scenarios. "For these reasons and in recognition of our corporate governance obligations as a company listed on the London Stock Exchange, we held a rigorous recruitment competition which attracted strong local and international response. The selection process demonstrated the very high calibre of candidates from among the Company's existing senior management and Chris Ambler's exceptional breadth in the engineering, finance and commercial disciplines will bring extra strength to that team".
It is confirmed that there are no details to be disclosed under Listing Rule 9.6.13 R.
Enquiries:
Mike Liston
Chief Executive
The Jersey Electricity Company Limited
PO Box 45, The Powerhouse
Queens Road, St Helier
Jersey. JE4 8NY
Tel: +44 1534 505227
email: mliston@jec.co.uk