Martin Corrigan will take over as interim CEO of EirGrid whereas a proper choice course of is organised to nominate a brand new chief government.
Mark Foley has stepped down as CEO of EirGrid after six years within the function, in accordance with an announcement launched at this time (15 April).
The state-owned firm has appointed Martin Corrigan as interim CEO, with a proper choice course of to nominate a brand new CEO set to start “shortly”.
In response to the announcement, Brendan Tuohy, chair of EirGrid, thanked Foley for his tenure on the helm of the corporate, saying that his dedication and contribution to the organisation is “extensively acknowledged and far appreciated”.
“Mark has been instrumental in main EirGrid by a interval of progress and alter and managed the nation’s grid community by some difficult instances,” he mentioned. “We want him effectively for the longer term.”
Foley was appointed to the place of CEO in 2018, and has since presided over quite a few initiatives, together with the graduation of the “historic” Celtic Interconnector subsea cable at present beneath development, which when accomplished will allow the trade of 700MW of electrical energy between Eire and France. Building is anticipated to be accomplished by 2026.
Foley additionally oversaw the launch of a plan to decarbonise Eire’s electrical energy system by 2030, referred to as the Shaping Our Electrical energy Future roadmap. On the time of the announcement in 2021, the plan comprised 40 new grid infrastructure initiatives, representing a complete funding of greater than €1bn. This roadmap intends to assist Eire obtain its goal of getting 80pc of the nation’s electrical energy come from wind and photo voltaic sources by 2030, as a part of the Local weather Motion Plan.
In 2020, Foley spoke to SiliconRepublic.com in regards to the Celtic Interconnector and EirGrid’s preparedness for a renewable future.
Previous to taking the helm at EirGrid, Foley was managing director of Coillte Land Options and director of capital programmes at Dublin Airport Authority.
Learn how rising tech developments are remodeling tomorrow with our new podcast, Future Human: The Sequence. Pay attention now on Spotify, on Apple or wherever you get your podcasts.
