AGL customer chief to become MD of newly demerged energy retailer
AGL confirms plans to demerge into two independently listed entitles and announces the CEOs and chairs for both
AGL has confirmed its chief customer officer, Christine Corbett, as managing director and CEO of its newly demerged energy retailer, AGL Australia, as the organisation embarks on a significant restructure to become two businesses.
ASX-listed AGL today announced the first details of plans to demerge, creating two standalone and separately listed businesses: Accel Energy, a baseload power producer; and AGL Australia, a multi-product energy retailer and energy trading and storage business retaining the AGL brand. The demerger is expected to be completed by Q4, FY2022.
ASX 200 rises, Telstra up, AGL sinks on Wednesday 30 June 2021
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