REG - Elec North West Ltd - Peter Emery to retire as CEO

Berkshire HathawayAnnouncement

04/04/2022 17:00

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RNS Number : 2005H  Electricity North West Limited  04 April 2022

Electricity North West Limited (the Company)

 

issued by the Company

 

4 April 2022

 

Peter Emery to retire as Chief Executive Officer of Electricity North West
Limited (the Company)

 

04/04/2022

 

Electricity North West Limited Chief Executive Officer Announcement

 

COMPANIES WITH LISTED DEBT

 

Electricity North West Limited Board of Directors said on 4 April 2022:

 

"The Board of directors of Electricity North West Limited announces with
regret that the Chief Executive Officer of Electricity North West Limited, and
director of ENW Finance plc, Peter Emery has announced his intention to
retire, and the Board has already started the search for a new Chief Executive
Officer.

 

Pete has led the Company as Chief Executive Officer since 2016. His extensive
background and industrial experience has enabled the Company to deliver on the
commitments for its customers set out in its ED1 business plan and help it to
continue to be one of the top performing electricity distribution network
operators in Great Britain. During Pete's tenure, he has provided valuable
leadership to the senior executive and wider leadership teams. The Company has
made many notable strategic achievements which are reflected in its current
performance. He leaves an exceptionally talented team in place and the
business in an excellent position for its continued growth. Pete has
significantly improved customer service and the operational performance of the
business, whilst reducing the cost to serve.

 

The board thanks Pete for his outstanding leadership of the Company, and for
his extraordinary contribution during a period of significant evolution in
this industry. The Board also appreciates Pete's commitment to facilitate a
smooth transition to new leadership fully equipped to lead the Company forward
in the transition to net zero and to ensure continuity in our service to our
valued customers.

 

Pete has made this decision for personal reasons and will remain with the
Company until a replacement CEO is appointed. The search for the new CEO is
underway with the aim to conclude that process by the end of 2022. Pete's
passion and commitment to the Company will be sincerely missed.

 

Alistair Buchanan, Chairman of the Company, commented;

 

"Pete has contributed immensely to the success of the Company over the past
six years. He has led the business into ED2 with a comprehensive business plan
that will help the North West meet its target of achieving net zero. His
leadership will be greatly missed.

Sion Jones, Chief Operating Officer, Equitix one of the Company's shareholders
commented;

 

"On behalf of the Board, I wish to express my appreciation of Pete and his
contribution to the Company."

 

Any queries should be directed to Electricity North West's press office by
email at pressoffice@enwl.co.uk.

 

Address: Electricity North West Limited, Borron Street, Stockport, SK1 2JD

 

Phone: 0844 209 1957

 

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