REG - Severn Trent PLC - Severn Trent Plc - CFO Retirement and Succession

Severn TrentAnnouncement

01/02/2023 07:00

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RNS Number : 4908O  Severn Trent PLC  01 February 2023

Severn Trent Plc - CFO Retirement and Succession

Severn Trent Plc (the 'Company') today announces that James Bowling has
informed the Board of his decision to retire as Chief Financial Officer
('CFO') and Executive Director of the Company in July 2023. James, who joined
Severn Trent in April 2015, is retiring from executive roles to pursue a
non-executive director career.

The Board also announces that following a rigorous internal and external
search and selection process, Helen Miles, currently Capital and Commercial
Services Director at Severn Trent, has been selected to succeed James as CFO.

Helen joined Severn Trent in November 2014 as Chief Commercial Officer, and in
2020 became the Group's Capital and Commercial Services Director as well as
the CFO of our Welsh regulated Company, Hafren Dyfrdwy.  Helen has extensive
CFO experience in the regulated utilities sector, having previously held the
role at Openreach, part of BT Group Plc, and having served as CFO and Board
member of Homeserve UK.  She is currently a Non-Executive Director and member
of the Audit and Risk Committee at Breedon Group plc.

Helen will be appointed an Executive Director of the Company on 1 April 2023
and will have the title CFO Designate. James will remain an Executive Director
of the Company and Severn Trent's Chief Financial Officer until the AGM on 6
July 2023, at which point Helen, having completed a full handover process,
will take on the responsibility.

Dr. James Jesic, Director of Customer Operations, will take over Helen's
responsibilities as Capital and Commercial Services Director and a search is
underway to select his successor. He will continue as Managing Director of
Hafren Dyfrdwy.

Liv Garfield, Chief Executive Officer, said: "I am truly sorry to see James
retire. I want to thank him for everything he's done for Severn Trent and all
the support he has given to me personally.  His fantastic work ethic, wise
counsel and intellect have been invaluable. James has been instrumental in
driving the success of Severn Trent since his appointment in 2015 and he
leaves us well positioned for the future.

"I am absolutely delighted that Helen will be his successor. Helen is a highly
experienced and commercial CFO with a detailed understanding of the water
sector and a proven track record of exceptional delivery. Helen embodies our
culture and values and has been instrumental in so many of our major
initiatives over the last eight years. I look forward to continuing to work
with her on the opportunities ahead in her new role."

Christine Hodgson, Chair, said: "On behalf of the Board I'd like to express
our appreciation for the excellent contribution made by James during his
tenure as CFO. With his strategic insight gained from multi-sector experience,
he has played a pivotal role in the success of the business and is a
much-valued colleague. We wish him the very best in the next chapter of his
career.

After a thorough search process, we're pleased to have chosen Helen to succeed
James against a strong field of candidates.  She is a CFO of exceptional
calibre, possessing strong finance and regulatory accounting experience,
gained over many years. We are delighted that James Jesic will succeed Helen
as Director of Capital and Commercial Services, demonstrating the strength of
talent we have across Severn Trent."

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.

 

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