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Share Name Share Symbol Market Type Share ISIN Share Description
Severn Trent Plc LSE:SVT London Ordinary Share GB00B1FH8J72 ORD 97 17/19P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -27.00 -0.95% 2,818.00 2,817.00 2,819.00 2,853.00 2,803.00 2,848.00 393,208 16:06:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 1,943.3 274.1 -35.2 - 7,067

Severn Trent PLC Severn Trent Plc Board Changes

08/08/2022 9:03am

UK Regulatory (RNS & others)


Severn Trent (LSE:SVT)
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RNS Number : 2387V

Severn Trent PLC

08 August 2022

Severn Trent Plc - Succession Planning and Board Changes

The Board of Severn Trent Plc today announces that Philip Remnant, Independent Non-Executive Director, member of the Nominations, Audit and Risk and Treasury Committees, and Chair of the Remuneration Committee, will retire from the Board on 30 November 2022, after serving nearly nine years. Philip will be succeeded as Chair of the Remuneration Committee by Sharmila Nebhrajani who joined the Board as an Independent Non-Executive Director on 1 May 2020 and who has been a member of the Remuneration Committee since 16 September 2021.

Philip Remnant will step down as a member of the Audit and Risk and Treasury Committees on 1 September 2022. Sharmila will also step down as a member of the Audit and Risk Committee on 1 September 2022 and become Chair of the Remuneration Committee on 30 November 2022. She will remain a member of the Corporate Sustainability and Nominations Committees.

Additionally, the Board is pleased to announce the appointment of Gillian Sheldon as a member of the Remuneration Committee with effect from 1 September 2022 and as Chair of the Treasury Committee with effect from 1 November 2022. Gillian joined the Board on 1 November 2021 as an Independent Non-Executive Director and is a member of the Audit and Risk, Treasury and Nominations Committees.

Commenting on Philip's retirement, Christine Hodgson, Chair, said,

"I would like to thank Philip very much for the significant contribution he has made to Severn Trent during his time on the Board and in particular as Chair of the Remuneration Committee. His expertise, professionalism and commitment have been greatly appreciated by the Board and the Company".

The Company confirms that there is no other information to be disclosed under the requirements of Listing Rule 9.6.13R in relation to these appointments.

Enquiries

 
 
   Investors & Analysts 
 Rachel Martin             Severn Trent Plc          +44 (0) 7824 624011 
 Head of Investor Relations 
 
 
 Media 
 Jonathan Sibun            Tulchan Communications    +44 (0) 207 353 4200 
 Press Office              Severn Trent Plc          +44 (0) 247 771 5640 
 

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END

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(END) Dow Jones Newswires

August 08, 2022 04:03 ET (08:03 GMT)

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