Pacific Hydro Board to appoint new CEO

10 October 2013

The Board of global clean energy solutions provider Pacific Hydro today announced that its chief executive officer, Rob Grant, will be leaving the company in 2014. A global executive search to appoint a new CEO will be conducted by the Board and the company’s owner, Industry Funds Management (IFM).

Mr Grant’s final day at Pacific Hydro will be 5 July 2014, the ninth anniversary of his appointment as CEO and eighteenth year since he joined the company.

Pacific Hydro chairman Garry Weaven said that Mr Grant is committed to achieving the goals set for the company in the 2013-14 financial year and that he will work closely with the Board over the next nine months until his successor is appointed.

“Rob has agreed to support the Board during the search for his replacement and will work closely with his successor during a handover period,” Mr Weaven said.

“Rob has played a key role during the first 20 years of Pacific Hydro’s history and I’d like to thank him for his valuable contribution to the development of a business that has grown from being a small renewable energy project developer to a global clean energy solutions provider operating in Australia, Brazil and Chile.”

During his time at Pacific Hydro, Mr Grant established a strong safety culture across the company and was responsible for the successful development, financing, delivery and operation of nine new hydro power projects and nine wind farms in Australia, the Philippines, Fiji, Chile and Brazil. The financial close of the US$450 million, 111MW Chacayes run-of-river hydro in Chile during the global financial crisis, and its successful completion in only 28 months, is considered a particular highlight.

Under Mr Grant’s leadership, Pacific Hydro won many international awards for its project development, engineering, environmental, sustainability and community initiatives as well as an employer of choice award.

Mr Grant also played a pivotal role in fostering and promoting renewable energy and Australia-Latin America relations acting as Chair of the Clean Energy Council of Australia, the Council of Australia Latin American Relations (COALAR) and, currently, as Regional Chair of the Global Foundation in Latin America.

Mr Weaven said that IFM has been committed to the long term success of Pacific Hydro and that the new CEO will play a fundamental role in the next growth phase of the business.

“The future is looking bright for Pacific Hydro across our operating markets with the start of construction of the final stage of the Portland Wind Energy Project and expansion of our retail activities in Australia, the development of our first wind farm in Chile, and key partnerships under development in Brazil.”