AGL Energy (ASX:AGL) has appointed Damien Nicks as their Managing Director & Chief Executive Officer, effective immediately.
Patricia McKenzie, AGL's Chair, was impressed by Mr Nick's leadership of the business and his commitment to accelerating the energy transition and delivering value for AGL’s customers.
Mr Nicks has 27 years of energy, customer and multinational experience.
Gary Brown has also been appointed as Chief Financial Officer.
The key terms of their employment arrangements include a total fixed remuneration of $1,400,000 per annum, short and long-term incentives, and a 12-month notice period.