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by maulida nuf fadilah
- April 28, 2025
- 0 Comments
Total Wealth: Estimated at A$18 million (based on shareholdings as of 2024)
Company: Origin Energy Limited
Company Revenue: USD $10.69 billion (FY2024)
Location: Sydney, New South Wales, Australia
Introduction
Frank Calabria, the Chief Executive Officer and Managing Director of Origin Energy Limited since October 2016, has been instrumental in steering the company through significant transformations in the energy sector. Under his leadership, Origin has embraced sustainable practices, diversified its energy portfolio, and reinforced its position as a leading Australian energy provider.
Early Life and Education
Frank Calabria holds a Bachelor of Economics from Macquarie University and a Master of Business Administration from the Australian Graduate School of Management. His academic background laid a strong foundation for his strategic and financial acumen, which he later applied throughout his career in the energy industry.
Career at Origin Energy
Calabria joined Origin Energy in November 2001 as Chief Financial Officer. In March 2009, he was appointed Chief Executive Officer of Energy Markets, overseeing the company’s integrated business within Australia, including retailing and trading of natural gas, electricity, LPG, power generation, and emerging businesses. His comprehensive understanding of the energy market dynamics positioned him well for his subsequent role as CEO and Managing Director in October 2016.
Leadership and Strategic Vision
As CEO, Calabria has focused on transitioning Origin Energy towards a more sustainable and customer-centric model. He has emphasized the importance of renewable energy sources, digital transformation, and customer engagement. Under his guidance, Origin has invested in technologies and partnerships that align with global efforts to reduce carbon emissions and promote clean energy solutions.
Financial Performance
In the fiscal year 2024, Origin Energy reported a revenue of USD $10.69 billion. The company announced a statutory profit of A$1,397 million, up from A$1,055 million in the prior year. The underlying profit increased to A$1,183 million, driven by higher earnings in Energy Markets and Integrated Gas businesses. The underlying EBITDA rose to A$3,528 million from A$3,107 million in the previous year. These figures reflect the company’s robust financial health and strategic investments under Calabria’s leadership.
Commitment to Sustainability
Calabria has been a proponent of integrating sustainability into Origin’s core operations. The company has made significant strides in renewable energy projects and has focused on reducing its carbon footprint. Origin’s involvement in the Australia Pacific LNG project and its stake in Octopus Energy highlight its commitment to cleaner energy solutions and innovation in the energy sector.
Industry Influence and Recognition
Beyond Origin Energy, Calabria serves on the boards of the Australian Energy Council and Australian Energy Producers. His influence extends to shaping energy policies and advocating for sustainable practices within the industry. His leadership is recognized for balancing profitability with environmental responsibility, setting a benchmark for energy companies globally.
Personal Wealth and Compensation
As of 2024, Calabria’s total compensation was approximately A$6.70 million, comprising 30% salary and 70% bonuses, including company stock and options. He directly owns 0.1% of Origin Energy’s shares, valued at around A$18.01 million, indicating his vested interest in the company’s success.
Conclusion
Frank Calabria’s tenure as CEO of Origin Energy has been marked by strategic foresight, commitment to sustainability, and robust financial performance. His leadership continues to guide the company through the evolving energy landscape, positioning Origin as a forward-thinking and responsible energy provider in Australia and beyond.
