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Latest News

Press Release - 30th October 2008

Northern Ireland Energy Holdings (NIEH), operators of the Moyle Electricity interconnector, the Scotland-Northern Ireland gas transmission pipeline (SNIP) and Belfast Gas Transmission Pipelines, has appointed Peter Warry as Chairman-designate.  Two Non-Executive Directors, Gerry Walsh and Regina Finn, both well-known figures in the Irish energy sector, have also been appointed.

The company endorsed the appointment of its new Chairman-designate at its recent AGM with the position taking effect from 1 September.  Mr Warry brings a wealth of experience in industry, government and regulatory spheres and is an advocate of the mutualised business model that NIEH operates (where operating surpluses are returned to energy consumers rather than to private shareholders).

Gerry Walsh is the former Chief Executive of Bord Gáis Eireann, the state-owned Irish gas company with a turnover of €1 billion and assets of €2.5 billion.  He will bring a first-hand experience of the Irish gas market and public affairs in the Irish Republic to the NIEH board.  Mr Walsh’s appointment has taken effect from 1 October.

Also joining the Board, from 1 November, is Regina Finn, former Commissioner at the Commission for Energy Regulation in Dublin and current Chief Executive of Ofwat, the economic regulator for the water and sewerage industry in England and Wales.  Ms Finn has over fourteen years experience in economic regulation of monopoly and emerging competitive markets and has particular expertise within the utilities sector.

Speaking about the appointments Northern Ireland Energy Holdings Executive Director Bill Cargo commented “Our open and transparent recruitment process has delivered outstanding Non-Executive Directors, who are fully committed to developing our mutual business model for the long term benefits of all energy consumers in Northern Ireland.”
Ends

 

Notes for Editors:

 

Biography: Peter Warry
Peter Warry is a graduate in Engineering & Economics from Oxford University.   He has held a number of high profile posts in industry and the energy sector.  As a Director of British Energy in 1995, he was responsible for all the company’s electricity trading activities and for the English nuclear power stations
Later, as Senior Industrial Advisor to OFGEM, he was asked by the Regulator to conduct the 1990/2000 Efficiency Review of the GB electricity sector. He has been a Non-executive Director of Thames Water.

His ability to bridge government and industry is illustrated in his NED role in the Office of the Rail Regulator; and, more recently, the Government report he produced on the economic value of research (“The Warry Report”).

 

Biog: Gerry Walsh

Gerry Walsh served as Chief Executive and Member of the Board of Bord Gáis from 2000 until 2007, during which time the equity value of the company increased by 100% to €1.6 billion.  He joined Bord Gáis in 1984 and held a number of senior management roles in utility operations, including General Manager, Director of Strategy and Director of New Business Development before taking over as Chief Executive.

Whilst CEO he oversaw an all-island investment programme of over €1.5 billion and the setting up of a new energy company in Northern Ireland in competition with the local incumbent with an investment of €200 million.

Gerry now runs Spruce Consulting Ltd., which provides strategic support to a portfolio of corporate clients.

 

 Biog: Regina Finn

Regina Finn took up the role of first Chief Executive of Ofwat, the economic regulator for the water and waste water sectors in England and Wales in October 2006.  As the accounting officer she is responsible to parliament for Ofwat’s governance and finances.

Prior to joining Ofwat she was a Commissioner at the Commission for Energy Regulation in Dublin from 2005-06 during some of which time she was the lead commissioner for the all island energy market project. 

Previously she was Head of Market Operations and Deputy Director of the Office of the Director of Telecommunications (now ComReg) in Dublin, following a number of years working across several government departments in the Republic of Ireland.

 

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For further information contact Owen McQuade, Lagan Consulting

Tel:  +44 (0) 28 9261 9550
Mob: +44 (0) 7967 094494