CEO quit Queensland’s biggest power generator after energy minister complained to board

CEO quit Queensland’s biggest power generator after energy minister complained to board

The Guardian

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Mick de Brenn claimed he was blindsided when Stanwell chief executive Richard van Breda said company was pivoting from coal to renewables

The board of Queensland state-owned power generator Stanwell corporation spent 18 months planning a transition strategy to pivot from coal to renewables, before the unexpected resignation of its chief executive last week.

Guardian Australia understands Richard van Breda quit Stanwell after the state energy minister, Mick de Brenni, complained to board members he was blindsided by an announcement – revealed by the Guardian – that rapidly changing market conditions would probably force the scaled-down operation of its coal plants.

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