42 Directors Non–executive Directors The Directors of AGL at  any time during or since  the end of the financial  year are: 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. Term: Non-executive  Director since  November 2008. 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. 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. 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). Executive Director > Jeremy Maycock >Les Hosking > Belinda Hutchinson  (commenced 22  December 2010) > Mark Johnson (retired  21 October 2010) > Sandra McPhee >Max Ould > Bruce Phillips >John Stanhope > Michael Fraser 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’. Age 59 Age 54 Jeremy Maycock  BEng (Mech) (Hons), FAICD,  FIPENZ Michael Fraser  BCom, CPA, FTIA Les Hosking Age 66 Directors’  Report 2011