Delta appoints new CEO

Mike Costelloe. Photo supplied
Mike Costelloe. Photo supplied
Dunedin City Council-owned company Delta has appointed a new chief executive as it splits with sister company Aurora Energy.

Delta chairman Steve Thompson announced today that Mike Costelloe will take over as chief executive of the company next month.

The announcement come as Delta and Aurora Energy continues to implement changes recommended in a review by Deloitte, which included making the closely-linked companies stand-alone entities, with separate boards and chief executives.

The review came after Aurora, which owns the electricity network in Dunedin, Central Otago and the Queenstown Lakes area, came under fire for failing to properly maintain its network and in particular its power poles.

Delta, which up until now had the same chief executive and board, was contracted to mange the network for Aurora.

Mr Thompson said Mr Costelloe was appointed following a thorough and competitive executive search process, which considered candidates from throughout New Zealand and overseas.

Since January 2015 Mr Costelloe had been strategic accounts general manager at Downer New Zealand and before that he was the Otago and Southland general manager at the same company.

''Mike will lead the next phase of Delta as an expert contracting services provider to its energy and environmental customers,'' Mr Thompson said.

``The board and I are very pleased to welcome Mike to the organisation.

``His track record in the highly competitive contracting sector positions him well to drive Deltas future success, to prepare the organisation as it adapts to new energy technologies and to deliver to the exacting requirements of our customers,'' Mr Thompson said.

Mr Costelloe, who resides in Dunedin, said he was looking forward to taking on the new challenge when he took over the role on June 19.

``I have a real desire to build on the strengths of Delta's highly skilled people and deepen its presence in its core markets of energy and environmental services.

``I believe Delta's existing customer partnerships and forward workloads are a sound basis for an exciting new phase that I am proud to lead.''

Dunedin City Holdings Limited (DCHL) is in the process of implementing director changes for its subsidiaries Delta and Aurora Energy from 3 July.

At this time governance separation will be completed with separate chairs and boards.

Current Aurora and Delta chief executive Grady Cameron announced earlier this year he would continue as Aurora chief executive until the end of the year when a new appointment would be made.

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