REG - Pennon Group PLC - CFO Succession

PennonAnnouncement

11/07/2024 07:00

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RNS Number : 9565V  Pennon Group PLC  11 July 2024

11(th) July 2024

 

Pennon Group plc

("the Group", "Pennon")

 

CFO Succession

 

 

 

Pennon today announces that Steve Buck, Chief Financial Officer, has decided
to step down for personal reasons.  We fully support Steve's decision, and
the Board wishes him well for the future.

 

Steve will be succeeded by Laura Flowerdew, as the Board enacts its internal
succession plan. Laura is Chief Customer and Digital Officer of Pennon Group
and previously Chief Financial Officer at Bristol Water plc.  This is
effective today.

 

Susan Davy, CEO, said: "Having had the opportunity to work closely with Laura
over the past few years, she is perfectly placed to take on the role. Laura
has a strong understanding of our business and brings with her significant
leadership experience".

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

 

 

For further information, please contact

 

Pennon Group
plc
+44 (0)1392 446688

 

Andrew Garard              General Counsel and Company Secretary

 

Catherine Nash              Interim Head of Investor Relations

 

 

Media

 

James Murgatroyd        FGS Global
+44 (0)207 251 3801

 

Harry Worthington

 

 

 

 

-ENDS-

NOTES

 

·      Laura Flowerdew was appointed Chief Customer and Digital Officer
of Pennon Group in September 2022. She was previously an executive director
and Chief Financial Officer of Bristol Water plc from October 2018 including a
period as Deputy CEO. Alongside her financial responsibilities her role also
encompassed leading the company's transformation programme, as well as IT, HR,
business services and communications. Laura previously worked in several
executive positions in utilities and natural resources businesses including
Bristol Energy, Anglo American and De Beers. She is a Fellow of the Institute
of Chartered Accountants for England and Wales.

 

·      All remuneration terms for the departing and incoming CFO will be
consistent with the Remuneration Policy approved by shareholders.  In line
with normal market practice, details will be published on the Company's
website in due course

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