STRNY Severn Trent PLC (PK)

By Tapan Panchal

LONDON--Water company Severn Trent PLC (SVT.LN) said Monday that Chief Financial Officer Mike McKeon is to retire and that it will reduce the size of its board to eight directors from 11.

Mr. McKeon, who will retire next spring, will be succeeded by Shire PLC's (SHP.LN) interim Chief Financial Officer James Bowling.

The utility said that its board will comprise two executive directors and six non-executive directors with effect from Jan. 23, 2015. Tony Ballance, Martin Kane and Andy Smith will cease to be executive directors of Severn Trent.

Write to Tapan Panchal at tapan.panchal@wsj.com

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