AusNet has appointed Tony Narvaez as managing director of the Victorian electricity network operator, replacing the retiring Nino Ficca.
Mr Narvaez is currently chief executive of Endeavour Energy, the electricity distribution network operator for Greater Western Sydney, the Blue Mountains, the Southern Highlands and the Illawarra.
“Tony has outstanding leadership qualities and capability and brings with him extensive experience in the Australian energy sector,” chairman Peter Mason said.
“He is ideally suited to lead the company to achieve our ambition for ongoing sustainable growth and strong financial performance while delivering value to our customers, communities and partners.”
Before leading the 49.6 per cent NSW government-owned Endeavour Energy, Mr Narvaez was chief executive of United Energy and Multinet Gas.
He will start work on November 1 and be paid a salary of $1.15 million plus up to $910,000 in short- and long-term bonuses, along with a $750,000 one-off bonus after his first year in the role.