Business
Executive Chair of SSE Energy Services appointed
Executive Chair of SSE Energy Services appointed.
About this update from Sse Plc
[{"type":"text","content":"\n \nRNS Number : 7734Z SSE PLC 22 May 2019 \n\nSSE plc appoints Katie Bickerstaffe as Executive Chair of SSE Energy Services\n· Katie Bickerstaffe named Executive Chair of SSE Energy Services, with mandate to deliver a future outside the SSE group\n· Separate, dedicated Board established to help create a more independent, sustainable business\n· Gordon Boyd appointed Interim Chief Financial Officer\n· Stephen Forbes and Tony Keeling to join Board and Executive Committee as Managing Directors\n· Further positive discussions held with third parties on provision of collateral and trading services to SSE Energy Services, for greater independence\n· SSE continuing progress towards a listing or new, alternative ownership by the second half of 2020\nSSE plc has appointed Katie Bickerstaffe as Executive Chair of SSE Energy Services, one of the largest household energy and services providers in Great Britain. Katie will take up the new role on 23 June 2019 alongside Gordon Boyd, who joins as Interim Chief Financial Officer, with a mandate to deliver a new future for the business outside of the SSE group and continue progress towards a listing or new, alternative ownership by the second half of 2020.\nShe will form a new, dedicated SSE Energy Services Board, which is expected to have both executive and non-executive representation from the SSE group, as well as an independent non-executive director. The business will therefore be able to operate with greater day-to-day autonomy and independence, while still being subject to oversight by the SSE plc Board while it remains within the group.\nKatie and Gordon will work closely with Stephen Forbes and Tony Keeling, who, having run the business since 2017 as Co-Heads, are confirmed as Managing Directors and will join the new Board as well as being key members of a new Executive Committee. Their priority will be to ensure the business has the strongest possible track record as it approaches a future outside the group.\nSince its notification of close period update on 28 March, SSE has also held further positive discussions with third parties about the provision of collateral and trading facilities for SSE Energy Services. Such a deal would further increase SSE Energy Services' inde...