Directorate Change

RNS Number : 9165C

Severn Trent PLC

21 March 2014

 



Severn Trent Plc - Directorate Change

Philip Remnant CBE to join Board of Severn Trent Plc on 31 March 2014

The Board of Severn Trent, the UK's leading provider of water and waste water today announces that Philip Remnant CBE ACA will become an independent non executive director of the Company with effect from 31 March 2014.  He will also become a member of the audit, remuneration and nominations committees of the Company from that date.

Mr. Remnant is currently Senior Independent Director of Prudential Plc, a Deputy Chairman of the Takeover Panel, a non executive director of UK Financial Investments Limited and Chairman of City of London Investment Trust Plc.  He has previously been Director General of the Takeover Panel as well as being a Vice Chairman of Credit Suisse First Boston, Europe and Head of the UK Investment Banking Department.  He was made a CBE in 2011 for services to the financial services industry and the public sector.

Commenting on the appointment, Andy Duff, Chairman, said:

"I am delighted that Philip has agreed to join the Board of Severn Trent plc.  He has substantial financial, public sector and regulatory experience and will be a valuable addition to the Board's existing skill set".

No other information is required to be disclosed pursuant to LR 9.6.13R(2) to (6) of the Listing Rules in relation to this appointment.

 

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BOALLFEVVRILFIS