AGL restructure claims IT exec's scalp

CIO to leave energy company

A restructure of AGL Energy Limited's executive team has seen the departure of chief information officer Owen Coppage.

"I am making a number of changes to our leadership structure to capitalise on the opportunities that this dynamic environment will present in the years ahead," AGL CEO Andy Vesey said in an ASX statement.

"These changes position AGL to deliver on our strategy, to provide improved products and services for our customers and to drive worldclass productivity and capability across the organisation."

The new structure will have seven core business units with leaders sitting on AGL's executive team.

"While the restructuring process will deliver cost savings and involve some modest headcount reductions, a large proportion of our operational employees will not be affected," Vesey said.

The units comprise energy market operations, new energy, stakeholder relations, group operations, organisational transformation, people and culture, and finance and technology.

Currently, along with the information systems group led by Coppage, AGL business units comprise corporate affairs, corporate support services, group finance, group strategy, merchant energy, people and culture, retail energy, upstream gas.

In the new structure, IT business partnering, technology services, business analytics, and IT strategy and architecture will sit in an information technology function reporting to the executive general manager, finance and technology.

Digital and customer experience will report to executive general manager, energy market operations.

AGL said that the selection process for leadership of the new units will start immediately.

In addition there will be a company secretariat that will not be represented directly on the executive team.

The changes will be effective from the start of next month.

Coppage has been in the CIO role at the company since 2007, according to AGL.

Read more: Tata Consulting signs $50 million contract with AGL

Exact timing for his departure has not be settled, AGL said.

The restructure will also result in the ouster of Paul Simshauser, AGL's chief economist and group head of corporate affairs.

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