Philip Cox

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Philip Cox is the Chief Executive Officer of International Power, a global power generation company with interests in 21 countries.

A biographical note states that Cox "joined the Company on 1 May 2000 as Chief Financial Officer and was appointed Chief Executive Officer of International Power in December 2003. He is responsible for the overall management of the Company, and leading the Executive and Operational Teams in implementing the strategies approved by the Board. Philip is a Chartered Accountant and prior to joining the Company he was a Senior Vice President at Invensys. He is a Non-Executive Director of Wm Morrison Supermarkets PLC and Chairman of its Audit Committee, and is a member of the President’s Committee of the CBI.

"He was a Non-Executive Director at Wincanton Plc from 2001 to 2009, having chaired their Audit Committee from 2001 to 2008 and was Chair of their Remuneration Committee from 2008. His previous Board position was as Chief Financial Officer at Siebe Plc."

Comments on the company's Victorian operations

International Power's Australian operations -- including the Hazelwood power station and the Loy Yang B power station -- are managed through its subsidiary, International Power Australia. In the 2009 annual report of the global company, Cox wrote that "climate change continued to dominate the 2009 political debate in Australia, but how and when carbon dioxide (CO2) legislation will be enacted is still uncertain. This is clearly very important for the power generation sector, given that some 80% of Australia’s electricity is generated by coal-fired plants, which are on average relatively high in CO2 emissions. However, coal-fired power generation provides Australia with enormous benefits, both in terms of cheap electricity – as measured by international standards – and in terms of security of supply, given Australia’s vast indigenous reserves of black and brown coal. The debate is centred on how the environmental, economic and social dimensions of this subject can be reconciled. We remain very actively engaged at both state and federal government levels. Given the uncertainty in the market, we are not forward contracted post July 2011, which is the provisional date for the introduction of a CO2 trading scheme. Within this market context, we were pleased to conclude the restructuring of the non-recourse project debt at our Hazelwood brown coal-fired plant in early 2010."

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