A war of words has erupted between Good Energy and its clean energy rival – and largest shareholder – Ecotricity over payments to a solar development firm belonging to Juliet Davenport’s husband.
Yesterday Good Energy revealed that it was facing the prospect of Ecotricity CEO Dale Vince and its Electric Highway MD Simon Crowfoot winning seats on its board at a general meeting.
Ecotricity has gradually built up a 25.3% stake in its rival, prompting takeover rumours.
Good Energy reacted strongly, claiming any position on the board won by Ecotricity officials would throw up “significant conflicts of interest” that would “work against the best interests of Good Energy’s shareholders”.
John Maltby, chairman of Good Energy, said: “Having the owner and senior management of a direct competitor on our board would be unworkable. There can be no reasonable expectation that any representative of Ecotricity would put the interests of Good Energy shareholders, customers and other stakeholders before those of Ecotricity.”
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