Andy Vesey is an award-winning international energy executive who has spent over 40 years transforming and repositioning businesses by focusing on advanced technology and people.
Most recently, he served as president and chief executive of Pacific Gas and Electric Company (PG&E). He led the recovery of their operations during bankruptcy, and implemented work and asset management process redesign across all lines of the business.
In 2019, Andy co-founded Earthrise Energy Inc., which acquires, develops, and operates power generation facilities that meet the changing demands of customers – focusing on accelerating a decarbonized energy future.
Prior to this, he was chief executive and managing director of AGL Energy, one of Australia’s leading energy companies offering electricity, gas, solar and renewable energy services. He repositioned the company to be a leader in the ESG space by committing to shut down all of its coal stations by 2050, exiting the coal bed methane extraction business, and making significant investments in large scale solar and wind projects. He remained an advisor to the AGL Board until the end of 2018.
In 2017, Andy launched the world’s largest and first global “virtual” power plant, with a $300 million-program that introduced digital services to over one million customers. He also established the Australian Renewables Fund, a $3 billion-financing initiative designed to unlock investment in large-scale renewable energy, all whilst increasing AGL’s annual revenue by $2 billion, and increasing shareholder return by over 42%.
Starting out his career in 2004, he spent over a decade at AES Corporation. The Fortune 500 company generates and distributes electrical power in 15 countries. While there, he served as both chief operating officer and executive vice president, and reduced SG&A costs by $200 million after cultivating an agile portfolio culture. He also significantly improved labor and capital management across properties globally.
During his tenure, Andy has received numerous awards for his work as an energy executive which include; ‘Business Leader of the Year’ from the Climate Alliance; recognised in the Australian Financial Review’s ‘Corporate Power List’; named ‘CEO of The Year’ at the Platts Global Energy Awards for leading Australia’s largest energy businesses; and he was identified as one of Australia’s ‘Low Carbon Heroes’ by 350.org.