Meridian Energy Limited (ASX:MEZ) Announces CEO Transition

CEO Transition

Neal Barclay will step down as Chief Executive of Meridian Energy Limited (ASX:MEZ) at the end of June 2025 after seven years in the role. Meridian Chair Mark Verbiest expressed gratitude for Barclay’s leadership, emphasizing his contribution to significant renewable developments and stakeholder engagement.

Succession Planning

Mike Roan has been appointed as the new Chief Executive following Barclay’s departure. Roan, the current Chief Financial Officer, has been with Meridian since 2006 and has held various leadership positions. His recent accolade as Deloitte Top 200 CFO of the Year reflects his strategic impact on the company.

Verbiest highlighted that a comprehensive succession planning process was undertaken, confirming Roan’s appointment as a product of nurturing world-class talent within the company. “His work has underpinned our goal to build seven new renewable projects in seven years,” Verbiest stated.

Executive Comments

Verbiest noted, “Neal’s legacy will be his vision and ability to balance commercial imperatives with a focus on people,” ensuring long-term value for Meridian’s stakeholders. He also praised Roan’s strategic insights and leadership.

Roan will officially assume the CEO position following Barclay’s exit on June 30, 2025.

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Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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