ASX AND MEDIA ANNOUNCEMENT
22 May 2007 - ELS 34 2007
Aviva appoints energy specialist Mark Chatfield
Aviva Corporation Limited
(ASX:AVA), the Mid West energy company, has today appointed energy specialist
Mark Chatfield to help the company take a further step toward being a major
supplier to the WA energy market.
With more than 30 years
experience in the energy industry, both in Australia and abroad, Mr Chatfield
will join Aviva as General Manager - Energy in the development of its $1 billion
power station based in the state’s Mid West.
Aviva Corporation Chief
Executive Officer Lindsay Reed said
Mr Chatfield’s experience meant he was particularly qualified for the
position, and would be a major asset in taking Aviva to the next phase of its
growth strategy.
He was most recently Chief
Executive Officer of CS Energy in Queensland, during
the construction of the $1.2 billion, 750MW coal powered energy generation
facility at Kogan Creek – the largest single generating unit in Australia.
Mr Reed said Mr Chatfield
was well known in the WA industry following his time at Western Power
Corporation, as General Manager Generation. He has also held senior positions
with Mobil and Ampolex.
“Mr Chatfield is well
positioned to help drive Aviva into its next phase of growth. He knows the
evolving WA energy industry, and has first class experience in sustainable coal
fired energy generation.
“At CS Energy Mr Chatfield
was a strong supporter of the development of oxy-firing for coal combustion,
which will be a key to development of sustainable and economic coal power into
the future,” Mr Reed said.
“This provides a
great fit for Aviva at this stage in its growth strategy and for the future of
WA energy supply,” Mr Reed said.
Mr Reed said that Mr
Chatfield has advised the Aviva Board of enquiries in Queensland regarding his share trading
activity while CEO of CS Energy.
He said Aviva had been in
discussions regarding the recruitment of Mr Chatfield to Aviva for twelve months,
following a national search for suitable candidates.
“Aviva had undertaken
considerable additional due diligence in making the appointment,” Mr Reed
said.
Mr Reed said that based
on the information available, Aviva was confident in appointing Mr Chatfield to
this position, and that it was in the best interest of Aviva shareholders.
“Aviva places a
high priority on sound Corporate Governance, and will continue to keep
shareholders informed if developments arise,” Mr Reed said.
“We believe Mr
Chatfield’s experience is hard to find, and that his appointment will
help generate real long-term value for the shareholders of this company,”
he said.
Lindsay Reed
Aviva
Chief Executive Officer
Tel: +61 (0) 8 9367 2344
Issued by:
Warrick Hazeldine
Purple
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ABOUT AVIVA
Aviva is listed on the Australian Stock Exchange with its head
office in Perth.
The company is growing a portfolio of energy assets. Aviva’s most
advanced asset is the Central West Project.
The Central West project is ideally located in the northern half
of the SWIS power grid to take advantage of demand growth both in the SWIS and
from new resource projects in the Mid West. The location has the advantage of
low cost fuel, available water, adjacent infrastructure, existing mining lease
and freehold land. Aviva is studying the commercial and
technical merit of a 400MW baseload power station in the Mid West.
Aviva is earning a 90% interest in the Mmamantswe Project in
Botswana where it is targeting 600Mt of coal located on the South African
border and adjacent to key infrastructure including, highway, railway,
and high voltage transmission lines.
Please visit:
www.avivacorp.com.au
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