United Utilities Group PLC Directorate Change (8132Y)
May 13 2019 - 3:40AM
UK Regulatory
TIDMUU.
RNS Number : 8132Y
United Utilities Group PLC
13 May 2019
UNITED UTILITIES GROUP PLC
13 MAY 2019
United Utilities appoints Non-Executive Director and Chairman
designate
United Utilities Group PLC announces the appointment of Sir
David Higgins as a non-executive director with effect from today.
He will succeed Dr John McAdam as Chairman who will step down from
the Board on 31 December 2019. On his initial appointment, Sir
David will become a member of the Nomination Committee. He will
also be appointed as a non-executive director of United Utilities
Water Limited.
Mark Clare, United Utilities' Senior Independent Director, who
led the succession process, said 'after a thorough process, we are
delighted to announce Sir David Higgins's appointment to the Board
as Chairman designate. The Board believes his substantial
infrastructure experience, engineering background and understanding
of regulated businesses make him a strong hire. We are delighted
that he has accepted the appointment and the Board looks forward to
working under his leadership to deliver the company's 2020-25
business plan and beyond.
'Having served on the Board for over 10 years, I would like to
thank John for the pivotal role he has played in helping drive the
considerable progress made by the business during that time and for
his wider contribution across the sector. His commitment and
contribution to the company will be much missed - we wish him well
for the future.'
Sir David Higgins is currently chairman of Gatwick Airport
Limited and a non-executive director of Commonwealth Bank of
Australia where he chairs the remuneration committee and is a
member of the risk committee. Sir David will be stepping down from
the Commonwealth Bank of Australia in December this year.
Previously, he was chief executive of Network Rail Limited and The
Olympic Delivery Authority.
Chairman, Dr John McAdam said: 'I have very much enjoyed my time
at United Utilities and working with both present and previous
board colleagues. With the appointment of Sir David Higgins, I know
the company is in good hands and I wish him every success. My
interest in the company's future progress is a given.'
There are no further details to disclose under paragraph 9.6.13
(2) to (6) of the Listing Rules in relation to Sir David
Higgins.
-0-
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
LEI 2138002IEYQAOC88ZJ59
Classification - Directorate change
United Utilities Group's ordinary shares trade on the London
Stock Exchange and its ADRs, each equal to two ordinary shares,
trade over the counter under the Trading Symbol "UUGRY".
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END
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