April 23, 2021
Stanwell chief executive officer Richard Van Breda has resigned from the corporation.
Board chairman Paul Binsted announced Mr Van Breda’s shock resignation on Friday, just days after media fallout over comments made by Mr Van Breda at this week’s Central Queensland Energy Futures Summit in Gladstone.
He will leave Stanwell at the end of May.
Mr Van Breda was appointed CEO at Stanwell in July 2012 after the restructure of the State Government-owned electricity generator.
He had been acting in the role since January that year.
Mr Van Breda joined Stanwell in 2002 and was appointed Chief Financial Officer in 2005. He joined Tarong Energy Corporation in the role of Chief Financial Officer in April 2008.
“Richard has led Stanwell through many challenges,” Mr Binsted said.
“Under his leadership Stanwell has consistently achieved a strong financial performance, earned the trust of its people and host communities, in both Rockhampton and the South Burnett, and positioned itself as a key participant in the energy market of the future.
“During Richard’s 20 years of leadership within the Queensland energy sector he has played a key role in planning for the future of the industry, both through his roles at Tarong Energy and Stanwell and as a non-executive director of the Australian Energy Council.
“The Board thanks Richard for his leadership, hard work and great contribution to making Stanwell the successful business it is today.”