Glow welcomes new CEO

Written by Writer on Wednesday, October 8th, 2008

Glow welcomes new CEO

By The Nation

Glow Energy has welcomed Esa Heiskanen as a director and CEO with immediate effect, after Peter Termote resigned for personal reasons.

Glow welcomes new CEO

“The Company’s strong foundations will ensure a good future and a platform to grow the business further in a profitable and well managed way.Our vision remains focused on operational excellence and profitable growth in the IPP business in Thailand, Laos and Cambodia, and the cogeneration business in Thailand and the whole region,” said Heiskanen.

Heiskanen has over 15 years’ experience in the international power generation business and working in Asia, and has spent the past 12 living in Thailand and working in the country’s power generation business. In the past four years, he served as executive vice president of Glow Group in charge of IPP Business Development, Construction Management & Engineering, Communication and Public& Government Affairs. He was previously Senior Business Developer for Tractebel Asia (now GDF Suez Energy Asia) based in Bangkok. Earlier in his career he was Managing Director of Laem Chabang Power Co Ltd.

Termote steered Glow through a successful period of six and a half years, during which time the company improved its annual results by over 50 per cent. This year, Glow has agreed new contracts which will increase its capacity by more than 50 per cent by 2012. Peter Termote will act as an advisor to the newly appointed CEO until December 1, 2008.