Jemena, an energy infrastructure company with a $12.4 billion valuation, has revealed the appointment of Kate Webster as its new Group Chief Financial Officer (CFO).
The decision comes after an extensive and competitive recruitment process to find the right candidate to steer the financial direction of the company and its subsidiary, Zinfra, the company said in a news release.
Kate Webster, who brings a wealth of experience in the energy and utility sectors, has been selected for her comprehensive understanding of the industry’s financial challenges and her proven track record of success.
Jemena’s Managing Director David Gillespie expressed his enthusiasm for the appointment, stating that Kate is a natural fit for the company and will undoubtedly contribute significantly to its continued success.
“We are thrilled to welcome Kate to the Jemena team and are confident she is a natural fit for our Group and will make a strong contribution to the business,” said Mr Gillespie.
He added, “Kate has an impressive understanding of not only the energy sector, but the challenges it faces – particularly in a financial context – as we work towards delivering on our net-zero ambitions.”
With a career spanning over two decades in the energy sector, Webster has held key roles, including her most recent position as CFO and co-CFO for various Australian-based energy infrastructure businesses.
Notably, she has successfully overseen multiple capital-raising programs, showcasing her financial prowess in the sector.
Kate’s international experience in the United Kingdom adds a global perspective to her skill set.
Gillespie emphasised Webster’s deep understanding of Environmental, Social, and Governance (ESG) frameworks in a financial context, reinforcing Jemena’s commitment to sustainable and responsible business practices.
Webster is set to assume the responsibilities of Group CFO for both Jemena and Zinfra, which share the same parent company. Her tenure is expected to begin early in 2024.
Founded in 1995, Jemena is a major player in the Australian energy landscape, owning and managing critical gas and electricity assets across the country. These assets include the Jemena Gas Network, the Eastern Gas Pipeline, the Queensland Gas Pipeline, the Darling Downs Pipeline System, Jemena’s Victorian electricity network, and the Northern Gas Pipeline.
The company also holds interests in ActewAGL electricity and gas distribution networks in the ACT, as well as United Energy, supplying electricity to customers across south-eastern Melbourne and the Mornington Peninsula.
