The sudden departure of Paul Broad at the government-owned hydropower giant comes in the middle of construction of the huge Snowy 2.0 project which is over budget and late.
The sudden departure of the veteran executive, 70, who has led the federal government-owned Snowy since 2013, comes in the middle ofSnowy Hydro CEO Paul Broad has been leading the hydropower giant since 2013.
“The government values Snowy Hydro and its critical role in supporting a changing grid,” the spokeswoman said. Snowy Hydro chairman David Knox said the change of government had meant “new thinking coming in” that Snowy has been adapting to, and pointed to the challenge of meeting the requirements to use green hydrogen at Kurri Kurri,
Mr Knox also noted the “extremely challenging” last few months for Snowy when it was required to run its plants almost as baseload generators.The board will now commence a process to find a new chief executive, with chief operating officer Roger Whitby – described as “a safe pair of hands” by Mr Knox – to lead the company on an interim basis.
amid the COVID-19 pandemic, exacerbated by its remote location, global supply chain problems and rising inflation.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Snowy Hydro boss quits amid project delays, cost blowoutsSnowy Hydro's chief executive Paul Broad's reign has ended after nearly a decade in the top job as his organsation rejects claims of a $2.2 billion cost blowout.
Read more »
Paul Pelosi pleads guilty to a misdemeanour DUI chargeUS House Speaker Nancy Pelosi’s husband, Paul Pelosi, has pleaded guilty to a misdemeanour DUI charge dating back to May. He received a five-day jail sentence and three years probation after causing a collision and injuring another driver. Police dash cam footage has been released, revealing more details about the night of his arrest. Footage shows Mr Pelosi admitting to having two drinks earlier in the evening and using the hood of the patrol car to keep his balance. “I am a high-profile person,” Mr Pelosi told officers when asked to take a breathalyser test.
Read more »
‘The notion of stranded assets is a fallacy’: this boss is banking on coal being around long termWhitehaven boss Paul Flynn is riding high on astronomical coal prices. He’s worried our emissions reduction targets are out of step with reality.
Read more »
Keep enterprise in bargainingRather than the ACTU’s retro pattern bargaining demands, next week’s jobs summit should endorse a return to the enterprise bargaining system that Paul Keating set up.
Read more »
John Howard is ‘proof positive’ the government does not control interest ratesSky News contributor Joe Hildebrand says the federal government does not have the power to control cost of living. “It’s exactly the same as, I think it was 2007 when the former great prime minister John Howard said ‘this is about who you trust to keep interest rates low’,” he told Sky News host Paul Murray. “The Reserve Bank jacked up interest rates in the middle of the campaign and that was all she wrote.” Mr Hildebrand said this is “proof positive” the government does not make the decision on rates or the cost of living. “They went up at the worst possible moment for the federal government,” he said.
Read more »
Snowy Hydro CEO in shock exit amid hit from crisisPaul Broad has suddenly quit as chief executive of Snowy Hydro amid an escalation of tensions with Energy Minister Chris Bowen, most recently over Labor’s insistence that the new Kurri Kurri gas plant in NSW uses green hydrogen from day one.
Read more »