content_image/151089.jpg content_image/151090.jpg content_image/151091.jpg
The Directors present their Report together with the annual Financial Report of AGL Energy Limited (AGL) and its consolidated entities, being AGL and its controlled entities, for the year ended 30 June 2011 and the Independent Audit Report thereon. 

AGL is the head entity of the AGL Energy Limited Group and is listed on the Australian Securities Exchange Limited under the code of ‘AGK’. 

## Directors 

The Directors of AGL at any time during or since the end of the financial year are: 

## Non–executive Directors 

> Jeremy Maycock 

>Les Hosking 

> Belinda Hutchinson (commenced 22 December 2010) 

> Mark Johnson (retired 21 October 2010) 

> Sandra McPhee 

>Max Ould 

> Bruce Phillips 

>John Stanhope 

## Executive Director 

> Michael Fraser 

<img src='content_image/151089.jpg'>

Age 59 

Term: Non-executive Director since October 2006 and Chairman since 21 October 2010. 

Independent: Yes. 

Committees: Chair of the Nominations Committee. 

Directorships: Chairman of Port of Brisbane Pty Ltd (commenced in 2010). 

Director of Nuplex Limited (commenced 1 September 2011). Member of the Advisory Council of the Australian School of Business (UNSW) (commenced in 2009). 

Experience: Previously Managing Director and Chief Executive Officer of CSR Limited (commenced in 2007 and retired in 2010), Managing Director and Chief Executive Officer of Hastie Group Limited (commenced in 2003 and retired in 2007), inaugural Chairman of Cement Australia Pty Limited, Chief Executive Officer of Swiss– based Holcim Ltd in New Zealand and Australia, and Holcim Senior Vice President for Southern ASEAN countries and Australasia. His commercial experience spans 37 years, with his early career being with Shell Oil in the UK and in New Zealand. 

<img src='content_image/151090.jpg'>

Age 54 

Term: Managing Director and Chief Executive Officer since October 2007. 

Independent: No. 

Committees: Nil. 

Directorships: Nil. 

Experience: Previously Director of Queensland Gas Company Limited (commenced in 2007 and retired in 2008), Chairman of Elgas Limited and of ActewAGL, Director of the Australian Gas Association and the Energy Retailers Association of Australia, Chairman of the National Electricity Market Management Company (NEMMCo) Participant’s Advisory Committee and a Director of UnitingCare Ageing Board (commenced in 2004 and retired in 2008). He has more than 25 years’ energy industry experience, including having established AGL as one of the country’s largest energy retailers, and led the rapid expansion of AGL’s upstream energy interests in renewables, thermal power generation and upstream gas exploration and development. 

<img src='content_image/151091.jpg'>

Term: Non-executive Director since November 2008. 

Independent: Yes. 

Committees: Member of the Audit and Risk Management Committee, the Safety, Sustainability and Corporate Responsibility Committee, and the Nominations Committee. 

Directorships: Director of Adelaide Brighton Limited (commenced in 2003), Innovation Australia (commenced in 2003), Australian Energy Market Operator (AEMO) (commenced in 2009) and Chair of The Carbon Market Institute (commenced in 2010). 

Experience: Previously Director of Australian Energy Market Operator (Transition) Limited (AEMO) (commenced in 2008 and retired in 2009), Managing Director and Chief Executive Officer of NEMMCo (commenced in 2003 and retired in 2008) and a non–executive Director of NEMMCo (commenced in 1996 and retired 2003). He has over 30 years’ experience in trading, broking and management in metals, soft commodities, energy and fi n a n c i a l i n s t r u m e n t derivatives in the global futures industry, and was Managing Director and Chief Executive Officer of the Sydney Futures Exchange (commenced in 1985 and retired in 2000). 

