Business
Succession Plan to Appoint New Chairman
Succession Plan to Appoint New Chairman.
About this update from National Grid Plc
[{"type":"text","content":"\n \nRNS Number : 4507B National Grid PLC 30 January 2020 \n\n \n30 January 2020\nNational Grid plc ('National Grid' and 'Company')\nChairman Succession\n \nNational Grid today announces that following nearly nine years at the Company, Sir Peter Gershon has informed the Board of his intention to step down as Chairman and that the Board has started the process to find a successor. \nSir Peter has been Chairman of National Grid since 1 January 2012, following his appointment to the Board on 1 August 2011 as Deputy Chairman. In the 2018/19 Annual Report and Accounts we informed investors that, due to the need to maintain continuity of knowledge and experience during the conclusion of the RIIO-T2 process, the Nominations Committee had determined that it would be in the Company's best interests for Sir Peter to remain as Chairman for up to one year past his nine-year tenure to 2021. \nThe Nominations Committee, led by Senior Independent Director Mark Williamson, is overseeing the externally supported search for a suitable successor, ahead of making a formal recommendation to the Board. \nSir Peter will be standing for re-election at the Company's AGM in July 2020 and, in order to facilitate an effective succession, it is intended that he remains as Chairman until his successor has been successfully onboarded. \n \n \nCONTACTS\n \n\n\n\nInvestors:\n\n\n\n\n\n\n\n\n\n\nNick Ashworth\n\n\n+44 (0)20 7004 3166\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMedia:\n\n\n\n\n\n\n\n\n\n\nMolly Neal \n \n\n\n 07583 102727\n\n\n\n\n\n\n \n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END BOABGGDBXUXDGGG\n ","length":5309,"tagName":"div"}]