TasNetworks chief executive Sean McGoldrick will leave the state-owned company on June 30, ending nearly five years at the helm.
The business announced his departure on Thursday, saying McGoldrick had chosen to move on as his contract comes to an end.
People and stakeholder executive Renee Anderson will step in as acting chief executive while the board recruits a permanent replacement.
TasNetworks chair Roger Gill said the outgoing chief executive had made a significant contribution to the business.
“Having been with the business for five years, Sean has been instrumental in ensuring we are in the best position to provide safe and sustainable delivery of electricity for Tasmanians,” Gill said.
“Whether it be through our transformation process or most recently by supporting the progress of the north-west transmission developments, Sean has left a positive lasting legacy.”
McGoldrick was paid $536,000 in 2024-25, according to the company’s latest annual report.
TasNetworks missed five of its six key performance targets that year, meeting only its safety goal.
Net profit after tax fell to $8.2 million, against a target of $32.9 million.
Customer satisfaction came in at 7.5 out of 10, while employee engagement was 60% against a 65% goal. Both reliability measures were also missed.
The company blamed severe storms in late August and early September 2024, along with a protracted enterprise bargaining dispute.
A half-year report to December 2025 shows profit has since recovered to $30.3 million, with customer satisfaction improving to 7.8 out of 10 and employee engagement rising seven points to 67%.
McGoldrick will remain in the role through the next phase of the North West Transmission Development project, which is approaching a financial close decision in the coming weeks.
Gill said Anderson would work closely with McGoldrick over the coming months to support the handover.
“The board would like to take this opportunity to thank Sean for his commitment and ability to drive the business forward during his tenure,” he said.
A formal recruitment process for the next chief executive is now underway.
