REG - National Grid PLC - John Pettigrew appointed as UK Executive Director <Origin Href="QuoteRef">NG.L</Origin>

National GridAnnouncement

06/09/2014 22:35

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20140730:nRSd6721Na


RNS Number : 6721N
National Grid PLC
30 July 2014 
 
30 July 2014 
 
National Grid plc 
 
As previously announced by the Company on 15 May 2014, Nick Winser stepped
down from the Board of National Grid following the conclusion of its Annual
General Meeting on 28 July 2014. With Nick's departure, John Pettigrew has
been appointed as the sole UK Executive Director, supported by a new UK
leadership structure, to provide a single focus to manage a challenging UK
operational agenda.  These changes in executive responsibilities will take
effect from 1 October 2014. 
 
John Pettigrew joined the Board as Executive Director on 1 April 2014. He
previously held the position of Chief Operating Officer of UK Operations since
July 2012, when he became a member of the Executive Committee. 
 
CONTACTS 
 
Investors 
 
John Dawson              +44 (0)20 7004 3170              +44 (0)7810 831944
(m) 
 
George Laskaris         +1 917 375 0989 (m) 
 
Tom Hull                      +1 917 524 4099 (m) 
 
Caroline Dawson        +44 (0)20 7004 3169              +44 (0)7789 273241
(m) 
 
Media 
 
Chris Mostyn              +44 (0)20 7004 3149              +44 (0)7774 827710
(m) 
 
Brunswick 
 
Tom Burns, Mike Smith or Emma Walsh                  +44 (0)20 7404 5959 
 
CAUTIONARY STATEMENT 
 
This announcement contains certain statements that are neither reported
financial results nor other historical information. These statements are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These statements include information with respect to
National Grid's financial condition, its results of operations and businesses,
strategy, plans and objectives. Words such as 'anticipates', 'expects',
'should', 'intends', 'plans', 'believes', 'outlook', 'seeks', 'estimates',
'targets', 'may', 'will', 'continue', 'project' and similar expressions, as
well as statements in the future tense, identify forward-looking statements.
These forward-looking statements are not guarantees of National Grid's future
performance and are subject to assumptions, risks and uncertainties that could
cause actual future results to differ materially from those expressed in or
implied by such forward-looking statements. Many of these assumptions, risks
and uncertainties relate to factors that are beyond National Grid's ability to
control or estimate precisely, such as changes in laws or regulations,
announcements from and decisions by governmental bodies or regulators
(including the timeliness of consents for construction projects); the timing
of construction and delivery by third parties of new generation projects
requiring connection; breaches of, or changes in, environmental, climate
change and health and safety laws or regulations, including breaches or other
incidents arising from the potentially harmful nature of its activities;
network failure or interruption, the inability to carry out critical non
network operations and damage to infrastructure, due to adverse weather
conditions including the impact of major storms as well as the results of
climate change or due to unauthorised access to or deliberate breaches of
National Grid's IT systems and supporting technology; performance against
regulatory targets and standards and against National Grid's peers with the
aim of delivering stakeholder expectations regarding costs and efficiency
savings, including those related to investment programmes and internal
transformation projects (including the US financial system and controls); and
customers and counterparties (including financial institutions) failing to
perform their obligations to the Company. Other factors that could cause
actual results to differ materially from those described in this announcement
include fluctuations in exchange rates, interest rates and commodity price
indices; restrictions and conditions (including filing requirements) in
National Grid's borrowing and debt arrangements, funding costs and access to
financing; regulatory requirements for the Company to maintain financial
resources in certain parts of its business and restrictions on some
subsidiaries' transactions such as paying dividends, lending or levying
charges; inflation; the delayed timing of recoveries and payments in National
Grid's regulated businesses and whether aspects of its activities are
contestable; the funding requirements and performance of National Grid's
pension schemes and other post-retirement benefit schemes; the failure to
attract, train or retain employees with the necessary competencies, including
leadership skills, and any significant disputes arising with the National
Grid's employees or the breach of laws or regulations by its employees; and
the failure to respond to market developments and grow the Company's business
to deliver its strategy, as well as incorrect or unforeseen assumptions or
conclusions (including unanticipated costs and liabilities) relating to
business development activity, including assumptions in connection with joint
ventures. For further details regarding these and other assumptions, risks and
uncertainties that may impact National Grid, please read the Strategic Report
section and the 'Risk factors' on pages 167 to 169 of National Grid's most
recent Annual Report and Accounts. In addition, new factors emerge from time
to time and National Grid cannot assess the potential impact of any such
factor on its activities or the extent to which any factor, or combination of
factors, may cause actual future results to differ materially from those
contained in any forward-looking statement. Except as may be required by law
or regulation, the Company undertakes no obligation to update any of its
forward-looking statements, which speak only as of the date of this
announcement. 
 
This information is provided by RNS
The company news service from the London Stock Exchange