REG - Pennon Group PLC - Pennon Group CEO Transition Arrangements

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RNS Number : 7327K  Pennon Group PLC  09 December 2025

PENNON GROUP
PLC

9 December 2025

 

Pennon Group CEO Transition Arrangements

 

Further to the announcement on 11 July 2025 regarding Susan Davy's retirement
from the Board of Pennon Group and as Chief Executive Officer, the Board
confirms that Susan will step down from the Board on the 31 December 2025.

To support an orderly succession, the Board has approved interim arrangements
covering the period between Susan stepping down from the Board and Keith
Haslett joining the Board, following his notice period, which will be no later
than 30 June 2026.

From 1 January 2026, David Sproul, Chair of Pennon Group, will assume the role
of Executive Chair, supported by an Operating Committee with delegated
executive authority to run the business and continue delivery of the Group's
strategy.

The Operating Committee comprises:

·    Laura Flowerdew, Group Chief Financial Officer

 

·    Sarah Heald, Group Chief Strategy, Regulatory Affairs & Investor
Relations Officer

 

·    Andrew Garard, Group General Counsel and Company Secretary

During this period, Susan will remain available to provide handover support to
ensure a smooth transition and continuity until Keith's arrival.

Susan Davy said "My brilliant colleagues are firmly focused on delivery of our
five-year plan, having made a robust start to the regulatory period. Our half
year results confirm we are on track financially and operationally, delivering
for customers, communities and the environment. I will continue to be
available to support the team during this transition ahead of Keith's
arrival."

David Sproul said "I would like to reiterate the Board's thanks to Susan for
her unwavering leadership. We announced Keith's appointment in September, our
succession planning enables a smooth and orderly transition, ahead of him
joining Pennon Group as CEO following his notice period. With the support of
the Board and the Operating Committee, I will ensure that Pennon Group
continues on a business-as-usual basis."

 For further information, please contact:

 Pennon Group plc
 Sarah Heald       Chief Strategy, Regulatory Affairs and Investor Relations Officer  +44 (0)1392 443 364
 Katy Ringsdore    Director of External Communications

 FGS Global
 James Murgatroyd                                                                     +44(0)20 7251 3801

 Michael Turner

 

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