Board Appointments
December 11 2003 - 8:35AM
UK Regulatory
RNS Number:1596T
International Power PLC
11 December 2003
Board Appointments
International Power Appoints Chief Executive Officer, new Chief Financial
Officer and Enhances Executive Representation on its Board
(London - 11 December 2003) The Board of International Power is pleased to
announce the appointment of Mr Philip Cox as Chief Executive Officer. The
appointment is effective immediately and is accompanied by the appointment of Mr
Mark Williamson as Chief Financial Officer.
Mr Cox joined the International Power Board as Executive Director in May 2000
and has since contributed significantly to the strategic direction and
operational focus of the group, alongside his responsibilities as Chief
Financial Officer.
In addition, the Board has reviewed the structure and composition of the
Executive team and announces the appointment of Dr Steve Riley and Mr Tony
Concannon as Executive Directors with effect from 1 January 2004. Their initial
responsibilities will be principally regional, with Dr Riley and Mr Concannon
heading up the European and Australian businesses respectively. It is the
Board's intention to appoint, in due course, a third Executive Director to head
our US business.
Chairman Sir Neville Simms said: "After a full search the Board is delighted to
announce the appointment of Phil Cox as Chief Executive Officer. Under Phil's
leadership the enhanced executive team, with its comprehensive financial,
technical, trading and operational experience, is well placed to deal with the
opportunities and challenges that we currently face in our markets, and to
create value for our shareholders."
For further information please contact:
Aarti Singhal
Tel: +44 (0)20 7320 8681
Notes to Editors:
Philip Cox (52) gained an MA at Cambridge University and is a fellow of the
Institute of Chartered Accountants. Phil joined Siebe plc 1989 where he held a
variety of corporate finance roles including that of Group Finance Director /
Chief Financial Officer. In 1999, following the merger of Siebe with BTR to
form Invensys plc, Mr Cox was Senior Vice-President responsible for operational
planning and joined International Power as CFO in May 2000.
Mark Williamson (45) qualified as a Chartered Accountant in 1983. He joined
International Power as Group Financial Controller in September 2000. Before
joining International Power, Mark was Group Financial Controller at Simon Group
plc. He completed his articles with the Cape Town practice of Alex Aiken and
Carter (now KPMG Aiken & Peat) and was seconded to the London office of KMG
Thomson McLintock (now KPMG Audit plc) in 1984.
Steve Riley (42) has been working in the power generation industry since 1985,
when he joined the CEGB. During this period Steve held senior positions at
National Power and International Power within various fields including Power
Station Management, Strategy & Planning, and Energy Trading. Steve was
appointed to head our European business in August 2003, prior to which he was
the Regional Manager for our operations in Australia. Steve gained a Bachelor
of Engineering and PhD from Liverpool University.
Tony Concannon (39) is a Chartered Engineer with a Bachelor of Science (Hons)
degree and is a member of both the Institute of Mechanical and Electrical
Engineers. He joined the industry in 1982 and has worked for National Power and
International Power in a number of its business areas including Operations,
Asset Management, Trading and Business Development. Tony currently heads up our
Australian business, before which he was the Asset Manager for our two power
stations in the UK (Deeside and Rugeley).
International Power plc is a leading independent electricity generating company
with 10,990MW (net) in operation and 610 (net) under construction. Among the
countries where International Power has facilities in operation or under
construction are Australia, the United States, the United Kingdom, the Czech
Republic, the UAE, Portugal, Turkey, Malaysia, Pakistan and Thailand.
International Power was listed on the London Stock Exchange and the New York
Stock Exchange (as ADRs), on 2 October 2000. The ticker symbol on both stock
exchanges is "IPR".
This information is provided by RNS
The company news service from the London Stock Exchange
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