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AGL urged to drop Greenpeace lawsuit By Lauren Croft|26 May 2021 Over a dozen of Australia’s leading NGOs and environmental advocacy groups have written an open letter to AGL urging them to drop their lawsuit against Greenpeace. AGL is currently suing Greenpeace for using their logo in a campaign targeting Australia’s “biggest climate producer”. Phrases including “generating pollution for generations” and “Still Australia’s biggest climate polluter” were used in the campaign, which AGL wants its logos removed from. Federal Court proceedings have already begun, with a hearing...

Save Share There was an extremely strained undercurrent at the AGL board and management dinner in the private upstairs dining room at Sydney’s famous Rockpool restaurant last Tuesday night. Shortly before the dinner, Brett Redman had told a stunned chairman, Graeme Hunt, that he planned to quit as chief executive. Hunt had promptly informed other directors of Redman’s totally unexpected and unwelcome decision. But the rest of the executive team coming to Rockpool after a company strategy day were not told. AGL chief executive Brett Redman, left, and chairman Graeme Hunt, before Redm...

22 April 2021 AGL Energy CEO Brett Redman has announced he is stepping down immediately, just weeks after announcing new plans to split the assets of Australia’s biggest coal generator, and the country’s biggest emitter, in two. In a statement to the ASX on Thursday, AGL said that Redman made the unexpected decision to step down from the CEO and managing director roles after informing the board that he believed he could not make a long term commitment to the company after announcing the proposed split. Redman will remain available to AGL through to the end of his notice period, through to...

Energy boss in shock resignation The boss of coal-fired power giant AGL Energy has suddenly quit, just weeks after the company unveiled a radical plan to split the business. Business by Rebecca Le May 22nd Apr 2021 3:30 PM The boss of AGL Energy has announced his shock departure after almost 15 years with the company, following its radical restructure plan unveiled just three weeks ago. Late last month, AGL proposed splitting into two new businesses dubbed "New AGL" and "PrimeCo". The former would become Australia's large...

Save Share AGL chief executive officer Brett Redman has quit, effective immediately, with company chairman Graeme Hunt stepping in as interim managing director. After the shock resignation, AGL shares dropped as much as 4 per cent from Wednesday’s close of $9.06 to trade at lows not seen since 2004 before recovering to $8.91 in early afternoon. Mr Redman told the board he could not commit to seeing through the full demerger of Australia’s oldest energy utility, which involved hiving off its huge coal power plants into a separate business and turning its retail arm into a zero-carbon...