11th July 2024
Pennon Group
plc
("the Group",
"Pennon")
CFO
Succession
Pennon today announces that Steve
Buck, Chief Financial Officer, has decided to step down for
personal reasons. We fully support Steve's decision, and the
Board wishes him well for the future.
Steve will be succeeded by Laura
Flowerdew, as the Board enacts its internal succession plan. Laura
is Chief Customer and Digital Officer of Pennon Group and
previously Chief Financial Officer at Bristol Water plc. This
is effective today.
Susan Davy, CEO, said:
"Having had the opportunity to work closely with
Laura over the past few years, she is perfectly placed to take on
the role. Laura has a strong understanding
of our business and brings with her
significant leadership experience".
The Company confirms that there is
no other information to be disclosed under the requirements of
Listing Rule 9.6.13 in relation to these appointments.
For further information, please
contact
Pennon Group
plc
+44 (0)1392 446688
Andrew Garard
General Counsel and Company Secretary
Catherine
Nash
Interim Head of Investor Relations
Media
James
Murgatroyd FGS
Global
+44 (0)207 251 3801
Harry Worthington
-ENDS-
NOTES
· Laura
Flowerdew was appointed Chief Customer and Digital Officer of
Pennon Group in September 2022. She was previously an executive
director and Chief Financial Officer of Bristol Water plc from
October 2018 including a period as Deputy CEO. Alongside her
financial responsibilities her role also encompassed leading the
company's transformation programme, as well as IT, HR, business
services and communications. Laura previously worked in several
executive positions in utilities and natural resources businesses
including Bristol Energy, Anglo American and De Beers. She is a
Fellow of the Institute of Chartered Accountants for England and
Wales.
· All
remuneration terms for the departing and incoming CFO will be
consistent with the Remuneration Policy approved by
shareholders. In line with normal market practice, details
will be published on the Company's website in due course