Severn Trent Plc - Appointment of Non-Executive
Director
The Board of Severn Trent Plc (the
"Company") is pleased to announce that Richard Taylor has been
appointed as a Non-Executive Director of the Company with effect
from 1 April 2024.
Richard has also been appointed as a
member of the Treasury, Remuneration, Audit and Risk and
Nominations Committees. Richard will succeed Gillian Sheldon as
Chair of the Treasury Committee upon her retirement from the Board
on 14 May 2024 in order to focus on her executive commitments,
following her appointment as Managing Director and Vice-Chair of
the UK investment banking division at Morgan Stanley. Richard has
also been appointed to the Board of Severn Trent Water
Limited.
Richard brings extensive financial
experience to the Company gained through his career in investment
banking. He is currently Chair of Greenhill & Co
International. Greenhill is an investment bank focused on
providing financial advice globally on significant mergers and
acquisitions, restructuring, financing and capital advisory to
companies and other organisations. Greenhill was acquired by,
and became part of, Mizuho Financial Group in 2023. Prior to
joining Greenhill in 2020, Richard was Chairman of Global Corporate
and Investment Banking at Barclays Plc, where he had been since
2011. Prior to joining Barclays, Richard spent nearly 11 years at
Bank of America Merrill Lynch, where he was Head of UK and Ireland
Corporate and Investment Banking.
Richard brings experience of
organisations with strong social purpose, in particular through his
roles as Trustee of Teach First and Board member of The Sutton
Trust. Richard holds an engineering degree and is a Fellow of
the Institute of Chartered Accountants of England and
Wales.
Commenting on the appointment,
Christine Hodgson, Chair, said, "On behalf of the entire Board, I
look forward to welcoming Richard to Severn Trent. His extensive
experience and strong belief in the positive role that businesses
should play in society and for the environment, will help to ensure
that we continue to build upon the excellent progress we have made
in delivering for our customers, shareholders, employees, and the
communities we serve."
Richard Taylor said, "I am
absolutely delighted to have been appointed as a Director of Severn
Trent. I look forward to working with the Board and an
exceptional team of colleagues to shape this important next
chapter; delivering outstanding services for customers, sustainable
shareholder value, and an enduring positive impact on the
environment and society."
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.
Investors & Analysts
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Rachel Martin
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Severn Trent Plc
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+44 (0) 7824 624011
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Head of Investor Relations
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Andy Farrell
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Severn Trent Plc
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+44 (0) 7989 390825
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Investor Relations Manager
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Media
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Press Office
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Severn Trent Plc
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+44 (0) 247 771 5640
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Jonathan Sibun
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Teneo
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+44 (0) 207 353 4200
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