ORIGN Energy Limited has appointed Frank Calabria, currently CEO of Origin’s Energy Markets Business, as the next managing director and CEO of Origin Energy.
His appointment will take effect immediately following Origin’s Annual General Meeting on October 19, 2016 and when current MD Grant King will step down from his role at that time and retire from the company at the end of October.
Origin’s Chairman, Gordon Cairns, said “the Board has been preparing for Mr King’s retirement for some time.”
“The past year has been a transitional one for Origin with good progress made on debt reduction following last year’s fall in oil price. We are also expecting completion of APLNG’s LNG project in the next few months. With good progress on these two important priorities it is now an appropriate time for change of leadership at Origin.”
Mr Calabria joined Origin as CFO in 2001. In 2009 he was appointed CEO of the Energy Markets business.
In that latter role, Energy Markets has developed an increasingly strong competitive position with growing earnings, cash flow and returns and is well placed strategically to lead a transition in Australian energy markets to a less carbon intensive future.
Mr Calabria has a Bachelor of Economics from Macquarie University and a Master of Business Administration from the Australian Graduate School of Management. He is a fellow of the Institute of Chartered Accountants of Australia and a Fellow of the Financial Services Institute of Australasia.