Barclay to take the reins at Meridian

Meridian Energy has announced general manager of retail Neal Barclay will take over as chief executive at the end of the year.

The Drive Electric board member replaces departing chief executive Mark Binns.

Chairman Chris Moller told the NZ Herald the company didn’t look outside its own ranks to fill the position.

“The board met to consider what process it wished to adopt to appoint a replacement chief executive and the unanimous view was that Neal’s credentials for the job were so strong that the board did not need to undertake an external search,” Moller says.

“This breadth of experience, not only in the NZ electricity industry but across all of Meridian’s main activities, together with the leadership and competence he has brought to all of his previous roles, made Neal the standout candidate.”