16 December 2011
Change of Executive Director
16 December 2011 – International Power today announces that its Chief Financial Officer (CFO), Mark Williamson will step down from the Board of International Power and leave his role as CFO at the next AGM on 15 May 2012 in order to take up a position in GDF SUEZ reporting directly to Isabelle Kocher, CFO of GDF SUEZ.
Geert Peeters will join International Power as Deputy CFO on 3 January 2012 with a view to being appointed to the Board as CFO on 15 May 2012 after this transition period. Geert is currently Vice President (VP) and the CFO of the Global Gas & LNG division of GDF SUEZ. Previously, from 2002 to 2010, Geert worked for GDF SUEZ North America for eight years holding various senior positions, with the last role being VP and CFO of GDF SUEZ North America. He has broad and strong international experience having worked in financial and operational roles across several countries including the US, Mexico, the UAE, Chile, Belgium and France.
Dirk Beeuwsaert, Chairman of International Power said, “On behalf of the Board I would like to thank Mark for his outstanding contribution and commitment to International Power and wish him success in his new role with GDF SUEZ. We are delighted that Mark is staying on within the wider GDF SUEZ group, which will benefit immensely from his experience.”
Dirk added, “We welcome Geert to the International Power team, his strong financial and senior management experience in the international energy sector will be very valuable in helping International Power achieve its growth ambitions in a financially disciplined way.”
Mark Williamson, CFO of International Power said: “It has been fantastic to work for International Power over the last 11 years and to be part of the strong growth of the business which is today a world leading independent power producer. I am pleased to leave the business in great shape and look forward to an exciting new opportunity in the wider GDF SUEZ Group.”
There is no other information required to be disclosed under rule 9.6.13 of the Listing Rules.
About International Power
International Power plc is a leading independent electricity generating company with 72,360MW (gross) (42,225MW net) in operation and a significant programme of 15,503MW (gross) (6,561MW net) projects under construction as at 30 June 2011. International Power is listed on the London Stock Exchange with ticker symbol IPR. GDF SUEZ holds a 70% interest in International Power plc.
International Power contacts
Investor contact
Aarti Singhal
Telephone: +44 (0)20 7320 8681
Media Contact
Sally Hogan
Telephone: +44 (0)20 7320 8678