SSE, Innogy Pick Martin Read as Chairman-Designate of New Business
September 14 2018 - 03:46AM
Dow Jones News
By Adria Calatayud
SSE PLC (SSE.LN) and Innogy SE (IGY.XE) have appointed Martin
Read as chairman-designate of the new British energy supply and
services company that they are creating.
The new business is on course to be formed and listed by the
first quarter of 2019.
SSE said Mr. Read will take up his new role on Oct. 1 and lead
the recruitment process for the board of the new company. He will
work with Katie Bickerstaffe, chief executive-designate, and Gordon
Boyd, chief financial officer-designate, SSE said.
Mr. Read is chairman of Wincanton PLC (WIN.LN) and the U.K.
government's Senior Salaries Review Body, SSE said.
The appointment of Mr. Read follows provisional regulatory
clearance of the proposed merger of SSE's retail division with
Innogy's Npower earlier this month. The two companies set out the
proposed deal in November.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
September 14, 2018 04:31 ET (08:31 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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