"We are delighted that Bob has agreed to renew his contract with Alinta," said company Chairman Tony Howarth.
"Bob has been pivotal in implementing Alinta's growth strategy since he commenced as CEO in March 2001. During that time he has transformed Alinta from a regional gas company into one of Australia's leading energy infrastructure players. At the same time, he has delivered outstanding value for shareholders."
Under Browning's tenure in the last year Alinta has surged from lows of $4.16 in January 2003 to a high of $7.77 before the resignation of Franklyn hit the market.
Alinta's shareprice has recovered from last weeks slump below $6 to be steady at $6.11 at the time of printing.