Bord Gáis Éireann has today appointed Michael McNicholas as its chief executive.

Mr McNicholas joins Bord Gáis from NTR, where he is currently its CEO. He replaces John Mullins at the company.

From Co Mayo, Michael has over 25 years experience in the Irish and international energy industry, both in the semi-state and private sectors.

He takes up the position by June 2013 and his appointment is for a seven year term.

''Bord Gáis is undergoing a significant transformation with the establishment of Irish Water and the sale of Bord Gáis Energy, and I am confident that Michael will provide outstanding leadership in guiding the company into the next phase of its development,'' commented the company's chairman Rose Hynes.