Board of Directors
MBA, BCA, FCA, FNZIM, ANZIIF (Fellow), AFInstD, INFINZ (Fellow)
Mr Loughlin is the Chair of the Powerco Board.
He is a professional Company Director and Chairman of Tru-Test Corporation Ltd, EastPack Ltd and Rockit Global Ltd. He is also a director of Augusta Capital Ltd.
In his executive career, Mr Loughlin was Finance Manager of Richmond Ltd before becoming the company's Chief Executive. Before holding those positions, he was an institutional fund manager. Mr Loughlin and his wife Kathryn established and own Askerne Estate Winery.
Mr Loughlin was appointed to the Powerco Board in 2013.
BEc, LLB (Hons), GradDipAppFin, MAICD
Mr Bessell is AMP Capital’s Head of Origination and Separately Managed Accounts, Australia and New Zealand. He leads AMP Capital’s Australian and New Zealand origination team and also has responsibility for AMP Capital's $4 billion customised accounts infrastructure business.
Mr Bessell has more than 23 years of investment banking and investment experience, with a focus on mergers and acquisitions, equity raising and developing infrastructure projects as a sponsor or principal across all infrastructure subsectors. He has worked in Europe and North America and has led teams undertaking investments in Europe, Australasia and North America. During the past five years, his team has transacted and executed investments with an enterprise value of more than $5 billion.
He is a member of the AMP Capital Private Equity and Alternative Assets Investment committees, is on the global infrastructure management committee and serves as a director of a number of investee companies.
Before joining AMP Capital in 2006, Mr Bessell served as a director at NM Rothschild & Sons (Australia) Ltd and worked for Schroders in Australia and the United Kingdom. Mr Bessell holds a Bachelor of Law (Honours) and a Bachelor of Economics, both from the Australian National University in Australia, and a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australasia.
Mr Bessell was appointed to the Powerco Board in April 2015.
Mr Callow is a professional director with more than 30 years’ experience in financial, commercial and engineering roles. He spent 13 years with Deloitte as a partner in the Wellington corporate finance practice and led the firm’s energy sector group in New Zealand. He has extensive advisory experience in the energy sector, both in New Zealand and internationally.
Prior to Deloitte, Mr Callow was a project director at Asiapower Developments Ltd, responsible for electricity generation project origination and development in India, and Thailand and other parts of Southeast Asia. Mr Callow holds a degree in mechanical engineering from the University of Birmingham.
He is a director on other private companies and is a chartered member of the Institute of Directors. Mr Callow was appointed to the Powerco board in September 2016.
BEng, MIPENZ, MInstD, GAICD
Mr Cummings is AMP Capital’s Head of Australian and Infrastructure NZ Funds, including having responsibility for leading its Energy and Utilities Sector team. He is also the Fund Manager for AMP Capital’s domestic flagship fund ADIT, with investments in transport, energy and social infrastructure assets, as well as a director of Australian Pacific Airports Corporation (Melbourne and Launceston airports) and an Alternate Director of Interlink M5, and Evergen (an Australian-based intelligent solar battery start-up business).
Before joining AMP Capital, Mr Cummings was the Chief Operating Officer (Energy) at Brookfield Infrastructure. This involved international governance roles as the Chair or Director on a number of company boards around the world, including NGPL and Cross Sound Cable in the US, the International Energy Group in the UK, DBP and WA Gas Networks in Western Australia, and the Tasmanian Gas Pipeline.
With more than 26 years’ experience in the infrastructure sector, Mr Cummings is a Graduate Member of the Australian Institute of Company Directors and a member of the Institute of Directors NZ and the Institution of Professional Engineers NZ.
Mr Cummings was re-appointed to the Powerco Board in 2013, having previously been a director between 2008-2012 when working for Brookfield (and its predecessor BBI).
BEng (Hons), MBA
Gordon Hay is a Principal in the QIC Global Infrastructure team and co-heads of the team’s investment and asset management activities in the energy and utilities sector.
He has over 10 years corporate advisory and transaction experience. Prior to joining QIC, he was Executive Director of BurnVoir Corporate Finance, an Australian boutique investment bank where he was responsible for origination and execution of M&A transactions, debt financings and equity raisings across the infrastructure, energy and resources sectors.
Mr Hay's experience spans a broad range of transactional, project and strategic assignments for organisations ranging from major corporations and Government entities to small-cap and single-asset companies.
He holds a Bachelor of Engineering (Honours) from the University of Glasgow and a Masters of Business Administration from the Macquarie Graduate School of Management.
Mr Hay joined the Powerco Board in 2014 as Alternate Director to Angela Karl. On 26 March 2015 Mr Hay became a Principal Director.
BCom (Hons 1), LLB (Hons 1)
Alternate Director to Gordon Hay
Ms Karl joined QIC in 2012 and is a Partner in the QIC Global Infrastructure (GI) team.
She is focused on the power and utilities sector within QIC GI’s broader infrastructure portfolio. Prior to joining QIC, Ms Karl had 11 years of investment banking, corporate advisory and transaction experience at both JPMorgan and UBS Investment Bank, with her most recent role as Australasian
Head of Power & Utilities Advisory at UBS.
During her time in banking, Ms Karl advised on more than $24 billion of mergers and acquisitions and more than $7 billion of capital raisings for Australasian corporates, predominately in the utility sector. She is also a Director of Epic Energy SA and a Director of Lochard Energy.
Ms Karl was appointed to the Powerco Board in 2013 as Principal Director and became Alternate Director to Mr Hay on 26 March 2015.
AM, BEc, MEc, PhD
Dr Parry is a Director of ASX-Compliance and Brisbane Airport Corporation. Previously he was Chairman of the Australian Energy Market Operator, Chairman of Sydney Water Corporation and Chairman of First Super Trustee Corporation.
He also has held several important positions in regulation and public policy, including 12 years as Foundation Executive Chair of the Independent Pricing and Regulatory Tribunal of New South Wales, Foundation New South Wales Natural Resources Commissioner and Director of the New South Wales Clinical Excellence Commission.
He has more than 35 years’ experience as an academic, business and public policy consultant in the financial sector and as a regulator.
Dr Parry was appointed to the Board of Powerco in 2010.
Alternate Director to Michael Bessell
Mr Rees is Partner and Head of Asset Management, Infrastructure Europe, AMP Capital Investors. He has responsibility for the long-term performance of AMP Capital’s European infrastructure assets.
He joined AMP Capital in 2012 and has more than 28 years’ experience of infrastructure businesses. Prior to joining AMP Capital, he worked for 10 years at National Grid, the international network energy company, where he held a number of senior executive roles, including Director of Finance and Regulation of Transco, the UK gas transmission and distribution business.
He serves on the Boards of Thames Water, Angel Trains, Esvagt A/S and Newcastle Airport.
Mr Rees was appointed to the Powerco Board as Alternate Director to Chris Wade in November 2013 and further was appointed to the Powerco Board as Alternate to Michael Bessell in April 2015.