Former Nisa chief Nick Read has been appointed as group ceo of energy supplier Extra Energy.

Read is the first externally appointed ceo of Extra Energy, with day to day responsibility for the full group across the UK, Germany and Cyprus. He takes up the new role on Monday 9 April.

He stepped down from Nisa in October 2017, nearly three years after joining the group in December 2014, and just days before the Nisa board recommended to its members a takeover offer by the Co-op.

Prior to Nisa, Read was group customer director at Thomas Cook; UK commercial operations director at Vodafone; group customer experience director at Lloyds Banking Group; and customer service director at Tesco.

Current Extra Energy ceo and founder Moti Ben-Moshe will take up a new role as executive chairman.

Extra Energy chairman Moti Ben-Moshe said: “Nick’s appointment as group ceo marks a step change for Extra Energy. His track record in enhancing customer experience, driving consistency and delivering significant change at large, regulated organisations will enable the group to realise its true potential.

“I have great trust in Nick and believe he will successfully lead Extra Energy through the next stage of its corporate journey.”

Nick Read said: “Extra Energy is well positioned to play a significant role in the energy market. I will ensure customers are at the heart of our offer and that we strive to constantly measure and improve the customer experience.

“We need to work with all our stakeholders as we seek to address the challenges facing Extra Energy and the wider industry. I am confident that we can play a major role in our sector as we seek to grow the business for the benefit of all stakeholders.”

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