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Mining chief swaps oil for top job at $5B energy project

David Knox
David Knox

The former head of the nation’s second biggest oil and gas producer has accepted the top job at a $5.1 billion hydroelectric development in New South Wales’ Snowy Mountains region.

Former Santos CEO and managing director David Knox (pictured centre right) has been offered a board chair role at Snowy Hydro, which is responsible for delivering the Snowy Hydro 2.0 Project near Tantangara, 180km southwest of Canberra.

$221K offered

Knox, who was also managing director of BP Developments, will be hired for a three-year term starting at the beginning of the New Year. QMEB can reveal outgoing chair Noel Cornish was paid $221,008 in the year 2019 according to the proponent’s latest annual report.

“Knox is well positioned to guide Snowy Hydro into the future,” Energy Minister Angus Taylor and Finance Minister Mathias Cormann said in a joint public statement.

“Knox brings valuable energy sector and engineering experience, including in top roles at Santos Limited and BP, to the board at a time when the company is going through a period of growth and transition.”

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Knox more recently worked as the CEO and managing director of the federally funded Australian Naval Infrastructure.

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