Directors’ Report 2012 42 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  2012 and the  Independent Audit  Report thereon. AGL is the head entity of  the AGL Energy Limited  Group. Its shares are  listed on ASX Limited  under the code of ‘AGK’. 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 November  2010) and a Director of  Nuplex Limited (commenced  in September 2011). 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 39 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: Chairman of  Clean Energy Council  Limited (commenced in  September 2011). 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 June 2004 and retired in  November 2008). He has  more than 25 years of  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. 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: Chairman of  Adelaide Brighton Limited  (commenced as a Director  in 2003), Director of  Innovation Australia  (commenced in 2003),  Director of 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 in 2003). He has  over 30 years of experience  in trading, broking and  management in metals, soft  commodities, energy and  financial instrument  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). The Directors of AGL at  any time during the  financial year are: Subsequent to the end of  the financial year Graeme  Hunt was appointed as a  Non-executive Director  and Max Ould announced  his intention to retire as a  Non-executive Director  at the 2012 Annual  General Meeting. > Michael Fraser > John Stanhope > Bruce Phillips > Max Ould > Sandra McPhee > Belinda Hutchinson > Les Hosking > Jeremy Maycock Non-executive Directors Executive Director Directors Jeremy Maycock  BEng (Mech) (Hons), FAICD,  FIPENZ,  Age 60 Michael Fraser  BCom, CPA, FTIA – Managing  Director,  Age 55 Les Hosking Age 67