Mercury NZ Limited (MCY.NZ)

6.45 +0.07 (+1.10%) At close: 04:59PM NZST

Mercury NZ Limited

The Mercury Building
33 Broadway Newmarket
Auckland 1023
New Zealand
64 9 308 8200
https://www.mercury.co.nz

Sector(s): Utilities
Industry: Utilities - Renewable
Full-time employees: 1,512

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Vincent John James Hawksworth C.ENG, MBA, MIMinE	Chief Executive Officer	2.46M	N/A	1959
Mr. William Meek BCom (Hons)	Chief Financial Officer	N/A	N/A	N/A
Ms. Fiona Smith	Executive General Manager of People Experience & Technology	N/A	N/A	N/A
Paul Ruedige	Head of Business Performance & Investor Relations	N/A	N/A	N/A
Mr. Howard Thomas	Company Secretary & General Counsel	N/A	N/A	N/A
Ms. Shannon Goldstone	Head of Communications	N/A	N/A	N/A
Ms. Lucie Drummond	Executive General Manager of Sustainability	N/A	N/A	N/A
Nick Pudney	Head of Integration	N/A	N/A	N/A
Mr. Stewart Allan Hamilton	General Manager of Generation	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in NZD.

Description

Mercury NZ Limited, together with its subsidiaries, engages in the production, trading, and sale of electricity and related activities in New Zealand. The company operates through Generation/Wholesale, Retail, and Other segments. It operates 9 hydro generation stations on the Waikato River; 6 wind plants; and 5 geothermal generation stations in the central North Island. The company sells electricity to residential, commercial, industrial, and spot market customers under the GLOBUG, Trustpower, and Mercury brands. It also provides piped natural gas; broadband and telecommunication; mobile services; and other products. The company was formerly known as Mighty River Power Limited and changed its name to Mercury NZ Limited in July 2016. The company was incorporated in 1998 and is based in Auckland, New Zealand.

Corporate governance

Mercury NZ Limited’s ISS governance QualityScore as of 1 April 2024 is 6. The pillar scores are Audit: 2; Board: 4; Shareholder rights: 10; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.