REG - United Utilities Grp - Directorate Change

United UtilitiesAnnouncement

27/04/2022 07:16

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RNS Number : 4420J  United Utilities Group PLC  27 April 2022

Classification: Director change

LEI: 2138002IEYQAOC88ZJ59

 

UNITED UTILITIES GROUP PLC

27 April 2022

United Utilities announces retirement of Steve Mogford in 2023 and appointment
of Louise Beardmore as CEO designate

Following 12 years leading the transformation of United Utilities to become
one of the UK's top performing water and wastewater companies, Steve Mogford
has expressed his wish to step down as CEO and retire from the Board early
next year (2023).

As a result of Steve's decision, following a comprehensive internal and
external evaluation process, the United Utilities Board today announces that
Louise Beardmore, the company's Customer Service and People Director, has been
appointed as his successor.  Steve will continue to lead United Utilities
until his retirement, working with, and supported by, Louise.

To enable a smooth transition, Louise will join the Boards of United Utilities
Group PLC and United Utilities Water Limited as CEO designate on 1 May 2022.
She will lead the creation of the company's PR24 business plan, covering the
next five year regulatory period.

Louise has extensive utilities experience, working in both regulated and
non-regulated environments in the UK and internationally.  She brings a
wealth of knowledge and leadership capability, a strong customer, people and
community focus and a track record of delivering outstanding results.

Steve said: 'It has been a real honour to lead such a wonderful team that has
succeeded on so many fronts.  We're acutely aware of the important role we
play within our North West community and Louise embodies all of the values to
which we aspire.  With her boundless energy and commitment, I have no doubt
she will lead United Utilities to even greater success".

Louise said: "I am privileged to have been asked to lead an organisation that
cares passionately about the essential service we deliver to seven million
people in the North West.  I look forward to working with the team to ensure
we continue to provide the service and results our customers and stakeholders
deserve and expect; a business where colleagues are proud to work and an
organisation that is recognised as delivering for all communities in our
region".

Sir David Higgins, Chair of the United Utilities Board said: "Louise has been
at the heart of the company's transition to becoming a leading performer in
customer service, operational delivery and employee engagement.  She was the
outstanding candidate in a rigorous selection process including internal and
external candidates and the Board is delighted she has agreed to lead United
Utilities on Steve's retirement next year.  Her experience, strategic vision
and constant customer focus will ensure we build on the significant
performance improvements we have achieved under Steve's leadership."

This announcement contains inside information, disclosed in accordance with
the Market Abuse Regulation which came into effect on 3 July 2016 and for UK
Regulatory purposes the person responsible for making the announcement is
Simon Gardiner, Company Secretary. There are no other disclosures required in
respect of this appointment pursuant to Listing Rule 9.6.13 (2) to (6).

United Utilities contacts:

Simon Gardiner, Company Secretary +44 (0) 1925 237071

Gaynor Kenyon, Director Corporate Affairs +44 (0) 7753 622282

Rob Lee, Head of Investor Relations +44 (0) 1925 237033

 

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