Media Centre
Uecomm Announces Changes to the Board
Uecomm Limited Chairman, Bob Green, today announced that he is stepping down as a director and Chairman of the Company effective this day and is to be succeeded as Chairman on an interim basis by Keith Stamm.
"Keith Stamm has had a close involvement with Uecomm, dating back to its establishment as an operating unit of United Energy in the late 1990's. Keith's involvement in the early growth of Uecomm occurred during his period as Chief Executive Officer of United Energy between August, 1997 and February 2000," he said.
Mr Green added that Mr Stamm's appointment is on an interim basis whilst a search is undertaken for a suitably experienced Australian based additional director for appointment to the Board. A decision on filling the role of the Chairman for the longer term would be made by directors following that appointment. "Whilst directors are anxious to add another director to the Board as quickly as possible, it could be expected that this search may take some months to find a candidate with the right skills, knowledge and business acumen to complement those of existing Board members.
Mr Green also announced that Uecomm Non-Executive Director and Deputy Chairman, Don Bacon, would be succeeded by Mr Bob Holzwarth, also effective this day.
"The appointment of Bob Holzwarth as a director and Deputy Chairman is consistent with the role fulfilled by Don Bacon, who has resigned to accept another overseas posting with UtiliCorp United. Mr Holzwarth also replaces Don Bacon as CEO of United Energy. Bob brings to the Board of Uecomm and to the Deputy Chairman's position significant international utility expertise at the senior management level which will complement existing Board members' capabilities and experience," he said.
Mr Green expressed his appreciation to Mr Bacon for his efforts as Deputy Chairman, and in assisting to turn Uecomm around in a very difficult trading and sector environment. "I am confident that I leave Uecomm at a time when the turn around is well underway. I firmly believe that Uecomm and its shareholders can now look forward to a more positive future," he said.
Mr Green's resignation follows his recent appointment as President and Chief Executive Officer of UtiliCorp United Inc.; Mr Stamm has recently been appointed as President and Chief Operating Officer of Global Networks Group for UtiliCorp.
