TransGrid appoints new chair to board

Incoming TransGrid chair Jeremy (Jerry) Maycock

TransGrid has announced Jeremy (Jerry) Maycock will join its board as chair from February 22, 2018. He succeeds Dr Kerry Schott, who stepped down from the TransGrid Board in August 2017 to chair the newly-created Energy Security Board.

Mr Maycock is currently chairman of the Port of Brisbane Pty Limited and a director of children’s education charity The Smith Family. He was previously chairman of AGL Energy Ltd, a director of Nuplex Ltd, and chairman of Arrium Ltd.

Mr Maycock has spent more than 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 Ltd over a 20 year period. Subsequently he held several other senior management positions, the last being Managing Director and CEO of CSR Ltd.

Mr Maycock said: “I am 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. 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 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 6 per cent of an average household electricity bill in NSW.