Australia's Origin Energy picks insider Lucas as CFO amid shift to renewables [Reuters]
ORIGIN ENERGY UNSP/ADR (OGFGY)
NASDAQ:AMEX Investor Relations:
originenergy.com.au/about/investors-media.html
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Source: Reuters
April 11 (Reuters) - Origin Energy (ORG.AX) New Tab , opens new tab picked insider Tony Lucas as its new finance chief on Thursday as the Australian electricity retailer focuses on its transition towards greener forms of energy. Currently the executive general manager of Origin's future energy and technology division, Lucas will take charge from July 1 after Lawrie Tremaine leaves the chief financial officer (CFO) role on June 30. "The announcement underlines the company's commitment to internal growth and progression, but it also points to potential strategic shifts, especially its future energy trajectory – an area where Lucas has significant expertise," said Josh Gilbert, a market analyst at eToro. In December last year, Origin shareholders rejected a $10.6 billion takeover offer by a Brookfield (BAM.TO) New Tab , opens new tab -led consortium, and analysts have speculated that the Canadian asset manager may come up with another proposal. "A new CFO with a focus on fut
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