Friday 6 December 2019

Ex-Bord Gais boss sets up new investment company


FORMER Bord Gais chief John Mullins has set up his own investment company. Called Augmentis Ireland, it plans to develop and finance opportunities in energy and infrastructure, and will also offer a strategic advisory service to clients.

Mullins is managing partner and he and his wife Siobhan are sole directors of Augmentis, which was registered at the Companies Office on January 4.

Mullins ran the semi-State energy giant Bord Gais for five years from 2007, during a period of transformation that saw it launch into the open market and line up the new State water meter contract.

Prior to that, the Cork native ran Bioverda, a business owned by NTR, establishing its ethanol, biodiesel and bioenergy operation in the US and Europe. Mullins has a particular interest in the alternative energy space.

He also worked as European investment director at ESB International some years ago, where duties included mergers and acquisition work.

Mullins' future plans have been the subject of much speculation, as has the identity of his successor at Bord Gais.

Hewlett Packard's Martin Murphy is said to be in the frame for Mullins' old job.

Mullins has also been linked with the Port of Cork job, although he has previously told the Sunday Independent he wants to work in the private sector, preferably for a multinational company.

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