31st Mar 2008 07:01
National Grid PLC31 March 2008 31 March 2008 National Grid plc Board change National Grid plc today announces that Edward Astle, Executive Directorresponsible for Non-Regulated Businesses and Business Development, will beleaving the Company on 30 April 2008. His responsibilities for the remainingNon-Regulated Businesses will be reallocated across the existing managementteam. Edward joined the Board of National Grid originally as Group Director,Telecommunications in September 2001. Steve Holliday, Chief Executive of National Grid, paid tribute to Edward'scontribution to the Company: "Edward has been a key member of the executiveteam. He has helped to reshape our business, created real value and recentlysuccessfully disposed of many of our non-core businesses. I want to personallythank him and all of us wish him well for the future". Edward Astle said: "Since joining National Grid I have seen the company growinto one of the largest investor-owned energy companies in the world, with abalanced spread of businesses on both sides of the Atlantic. It has given megreat satisfaction to be part of this development. The company has greatprospects and I wish Steve and the team every success as they drive the businessforward". The Chairman, Sir John Parker, said "The Board had valued Edward's contributionover the past 6 1/2 years and in particular the over £3b of value crystallisedby selling the majority of Non-Regulated Businesses during the past year." CONTACTS InvestorsGeorge Laskaris +1 718 403 2526 +1 917 375 0989(m)Richard Smith +44 (0)20 7004 3172 +44 (0)7747 006321(m) MediaClive Hawkins +44 (0)20 7004 3147 +44 (0)7836 357173(m) This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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