Lawyer Richard Nethercott, former president and chief executive officer of the Independent Electricity Market Operator of the Philippines (IEMOP), has joined the Razon-owned conglomerate Primelectric Holdings Inc.
IEMOP is the crucial operator of the Wholesale Electricity Spot Market, the country’s electricity trading floor.
Nethercott will assume the role of corporate chief operations officer (COO) for the group, which has diverse portfolio that includes distribution utility MORE Power in Iloilo, Negros Power, and Bohol Light.
Primelectric president and chief executive officer Roel Castro officially welcomed the executive, highlighting his extensive background.
“With over five years of distinguished experience in overseeing the operations of the trading floor for Philippine electricity, Atty. Nethercott brings valuable expertise and leadership to our team,” Castro said in a statement.
Nethercott also served as a board director of the Philippine Electricity Market Corporation.
Beyond his corporate and government service, he was a law professor at several universities.
“We are honored and proud to have Atty. Richard Nethercott as our corporate COO, strengthening our commitment to excellence and innovation in the energy sector,” Castro said.
For his part, Nethercott said it is an honor to join Primelectric with the hope of being able to positively contribute to the company’s mission of providing the best quality service consumers deserve. ||
