Business
Severn Trent Plc Executive Succession Planning
Severn Trent Plc Executive Succession Planning.
About this update from Severn Trent Plc
[{"type":"text","content":"\n \nRNS Number : 9641B Severn Trent PLC 10 April 2013 \n \n\n10 April 2013 \n \n \nSevern Trent Plc Executive Succession Planning\n \n \nThe Board of Severn Trent plc announces today that the CEO Tony Wray, has informed the Board of his intention to retire from Severn Trent in Spring 2014. Tony will have been with Severn Trent for 9 years, 7 of which as CEO. This announcement is being made now in order to ensure that the Board has the necessary time to conduct a search for his successor. This timetable will allow Tony to lead Severn Trent for the next year, oversee the submission of its Final Business Plan to Ofwat for PR14 and manage an orderly handover to his successor. \n \nThe Board of Severn Trent will initiate a process to identify both internal and external candidates for succession to the CEO role.\n \nSevern Trent Chairman, Andrew Duff said, \"Tony is a highly effective Chief Executive of Severn Trent. Under his leadership the business has undergone significant transformations and operational improvement. Tony has also been an influential voice within the industry and has played a significant part in setting its future direction. With a strong Executive team in place the timing of this decision provides Severn Trent with continuity of leadership and the necessary time to search for and identify his successor.\"\n \n \nEnquiries:\n \n\n\n\n\nRob Salmon\n\n\nSevern Trent Plc\n\n\n0207 353 4200 (on the day)\n\n\n\n\nHead of Communications\n\n\n\n\n\n02477 715000\n\n\n\n\nJohn Crosse\n\n\nSevern Trent Plc\n\n\n0207 353 4200 (on the day)\n\n\n\n\nHead of Investor Relations\n\n\n\n\n\n02477 715000\n\n\n\n\n \nAnastasia Shiach / \nMartha Kelly\n\n\nTulchan Communications \n\n\n0207 353 4200\n\n\n\n\n \n \nForward-Looking Statements:\nThis document contains certain 'forward looking statements' with respect to Severn Trent's financial condition, results of operations and business and certain of Severn Trent's plans and objectives with respect to these items.\n \nForward looking statements are sometimes, but not always, identified by their use of a date in the future or such words as 'anticipates', 'aims', 'due', 'could', 'may', 'will', 'should', 'expects', 'believes', 'intends', 'plans', 'potential', 'reasonably possible',...