AGL Energy Limited announced key changes in relation to the renewal of its Board and management as it prepares to announce the outcomes of its review of strategic direction and confirm guidance later this month as planned. Chief Executive Officer Graeme Hunt will finish in his role on 30 September 2022, at which point Chief Financial Officer Damien Nicks will take up the role of interim Chief Executive Officer. The process for appointing a new CEO is continuing as planned and there is currently a short list of Australian and global candidates.

Mr. Nicks joined AGL in March 2013 and has been the Chief Financial Officer since August 2018. He has 27 years' experience with deep energy and broad multinational experience across a number of sectors including logistics, industrial and professional services. He is the Chair of ActewAGL, a joint venture that governs the electricity and gas retailer and distribution businesses in the ACT.

Mr. Brown joined AGL in January 2022 from ENGIE and has held ASX-listed CFO positions prior to joining AGL. While Mr. Nicks performs the role of interim CEO, he will receive an additional monthly payment of $62,500 (pro-rated for any partial month). Otherwise, Mr. Nicks' existing terms of employment, as summarised in AGL's 2022 Annual Report, continue to apply.