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On track . . . Trustpowers 100 Oamaru staff are expected to move into the companys new purpose-built premises in Severn St in late August. PHOTO: REBECCA RYAN
Mercury NZ Limited has committed to retaining Trustpower’s Oamaru office for the “foreseeable future”, after agreeing to buy the New Zealand company’s gas, telecommunications and retail electricity supply business for $441 million.
On Monday, Trustpower announced the sale to Mercury, conditional on Commerce Commission approval, the restructure of the Tauranga Energy Consumer Trust and Trustpower shareholder approval.
Trustpower has had a customer service centre in Oamaru since 2007, when it bought the Call South telecommunications business. In February last year, it announced plans to move from its Thames St site to a new purpose-built premises in Severn St, and construction started about four months later.
Photo: RNZ / Nate McKinnon
Stew Hamilton has been with the smelter s majority owner Rio Tinto for 22 years, and took over as chief executive of NZ Aluminium Smelters in 2018.
He will leave in July to become general manager of generation at Mercury Energy. The smelter has been going through a very public period of transition, and Stew s commitment and leadership has been hugely valued throughout this time, said Rio Tinto acting managing director of Pacific operations Daniel van der Westhuizen.
The smelter was due to shut this year, but was given a lifeline until at least 2024 after it reached a new power deal with its power suppliers.
Tiwai Point smelter boss standing down to take new job at Mercury Energy
6 May, 2021 09:56 PM
3 minutes to read
Stew Hamilton, chief executive of New Zealand Aluminium Smelters, is leading the company to join Mercury Energy. Photo / Gregor Richardson
Stew Hamilton, chief executive of New Zealand Aluminium Smelters, is leading the company to join Mercury Energy. Photo / Gregor Richardson
The long-time boss of the Tiwai Point aluminium smelter, whose final years were defined by the company s threat to abruptly close, is leaving for a new job at Mercury, one of New Zealand s largest electricity companies.
Stew Hamilton, who has been chief executive and general manager of New Zealand s Aluminium Smelter (NZAS) since 2018, is leaving the company to become general manager of generation at Mercury.
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