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InterGen’s 25-year president steps down

The board of the OTPP and Huaneng-owned power group has approved Timothy Menzie’s promotion from chief operating officer to the top job after Neil Smith's departure.

The president of InterGen has announced his resignation after 25 years in the role, with the company’s chief operating officer line up as his successor.

Neil Smith, president and chief executive of InterGen, a company operating over 6GW of capacity, is stepping down. The group said he has decided to leave the company and that its board has approved Timothy Menzie as his replacement.

“The reasons for Neil Smith’s decision to leave were between him and InterGen’s board of directors and were not shared,” said a spokesperson for the company.

Menzie has been with InterGen for 22 years, most recently as chief operating officer, where he was responsible for directing the company’s operations and commercial management activities. He has also served as general manager of InterGen’s UK and Netherlands assets and as director of corporate treasury. Prior to joining InterGen, he worked as a tax manager at Grant Thornton, specialising in corporate tax planning for foreign and domestic companies.

“We are excited about InterGen’s future direction and our commitment to generating power safely and efficiently around the globe,” Menzie said.

The Massachusetts-based generator operates 11 power plants around the world, three compression facilities and a 65km gas pipeline. Its joint owners are the Ontario Teachers’ Pension Plan and China Huaneng Group.

Smith’s departure follows that of 13-year InterGen veteran Simo Santavirta, the company’s former vice-president for strategy and portfolio management, who left in May to join French fund manager Ardian.