Appointment of Non-Executive Director to Meridian Board

Meridian Energy is pleased to advise that it intends to appoint David Carter as a Non-Executive
Director with effect from 25 July 2023.

David brings broad expertise in the civil engineering, infrastructure, strategy, and management
spaces and will add to the Board’s skills and expertise following the retirement of longstanding
Director, Mark Cairns, whose term concludes at the Company’s Annual Shareholders’ Meeting later
this year.

David holds a BE (Civil) with Honours and a ME with distinction from Auckland University New
Zealand, as well as a PhD (Geotechnical Engineering) from the University of California at Berkeley in
the United States of America. Meridian Chair, Mark Verbiest said David was an outstanding
appointment. “The Board conducted a robust process and will be pleased to recommend David to
shareholders for election at the annual shareholders meeting later this year.”

David has been with the Beca group of companies since 1988 and over his 30 plus years of
experience has held various positions within the group. Since 2017 Mr Carter has been the Group
Executive Chair at Beca Group Ltd – one of the largest independent advisory, design, engineering
and related services consultancies in the Asia-Pacific.

A civil engineer by profession, David has worked across a diverse range of sectors both within New
Zealand and offshore, from airports to ports, and wastewater treatment plants to heavy duty
pavements. He has worked on remediation of the Larona hydro canal and on foundations for high
rise structures. During his career he has worked on a range of major projects including the Victorian
(Australia) Desalination plant as a board member of the design JV. He was also a technical reviewer
of the resource consent for the Kioreweku Hydroelectric project.

“We believe David will add to the mix of skills and experience needed by the Board going forward and
that together with remaining directors, the Board will continue its focus on effective governance and
on delivering shareholder value, recognising the Company’s importance and significance to the
economy and indeed the importance of the Company to all our stakeholders,” said Mr Verbiest.

David will retire and seek formal shareholder approval for his election at the Annual Shareholders’
Meeting.

Meridian’s Annual Shareholders’ Meeting will take place later this year. Further details will be
contained in the Notice of Annual Meeting.

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Announcement PDF