Anna Molloy and Andrew Holmes take up board roles from April 4.
Following the Final Investment Decision in November 2021 to cease oil refining at Marsden Point, convert to import terminal operations, and relaunch the company from Refining NZ to Channel Infrastructure NZ Ltd, the Channel Infrastructure board has been reviewing the composition of the board and has announced the appointment of Anna Molloy and Andrew Holmes to the board, effective from 4 April, 2022.
Molloy is a director (and Audit and Risk Committee chair) of Winton Land Ltd, a director of ANZ New Zealand Investments Ltd, and has previously been a future director on the board of NZX Ltd. She has previously been the business development manager at SPCA Auckland and held analyst roles with Masfen Securities and ABN Amro. Molloy has degrees in commerce and chemical engineering and is a Chartered Financial Analyst.
Holmes retired from BP in 2019 after a 34-year career, having been CEO Asia-Pacific Fuels and Air BP and president BP Australia, as well as CEO of BP’s global aviation fuels division. In those roles, Holmes led BP’s business in Australia and Asia for seven years. Holmes has also previously been chair of the Australian Institute of Petroleum, and on the board of the Business Council for Australia. He holds a BSc in chemical engineering and an MBA.
Both Molloy and Holmes are independent directors for the purposes of the NZX Listing Rules. As directors appointed by the board, Molloy and Holmes will be subject to re-election at the next annual shareholders meeting to be held on May 10, 2022.
Chair Simon Allen said: “We are delighted to announce two outstanding appointments to the board as Refining NZ relaunches as Channel Infrastructure, New Zealand’s leading fuel infrastructure business.
“With her background in chemical engineering and investment analytics, Anna brings a combined skillset well suited for Channel Infrastructure; [she] will sit on our Audit, Risk and Finance Committee.
“Andy brings vast experience as a global and regional CEO from his previous career with BP. His deep understanding of terminal businesses, regional fuel supply chains, and the aviation fuel sector will be particularly valuable.”
Channel Infrastructure has announced that director John Bourke does not intend to stand for election at the forthcoming general meeting, and accordingly will step down off the board at that meeting.
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