30th Jan 2006 07:02
National Grid PLC30 January 2006 30 January 2006 Planned Chief Executive Succession National Grid plc ("National Grid") today announces the intention of RogerUrwin, Group Chief Executive, to retire from National Grid at the end of thiscalendar year and the appointment of Steve Holliday as Group Chief Executivedesignate. Steve will be appointed Group Deputy Chief Executive from thebeginning of National Grid's next financial year. Sir John Parker, Chairman of National Grid, said: "Roger has led National Grid through transformational change and delivered anoutstanding track record of success and value creation. At the Board's requestRoger agreed to defer his retirement to enable a smooth transition, ensuringthat operating performance momentum is maintained together with managementcontinuity through this year's Transmission Price Review. "The Board undertook a thorough process of evaluating both internal and externalcandidates, and we are delighted to announce Steve as the Chief Executivedesignate and the Board congratulates him on this appointment. Since joiningNational Grid in 2001, Steve has led the UK Transmission and the UK GasDistribution businesses to world-leading performance. All the directors andmyself are confident in the future of the Group under Steve's leadership." CONTACT DETAILS National Grid: InvestorsDavid Campbell +44 (0)20 7004 3170 +44 (0)7799 131783(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) Citigate Dewe Rogerson +44 (0)20 7638 9571Anthony Carlisle +44 (0)7973 611888(m) Photographs are available on www.newscast.co.uk Notes to Editors: Roger Urwin Roger Urwin (59) became Group Chief Executive of National Grid Transco plc inOctober 2002 following the merger between National Grid Group and Lattice Group.The company changed its name to National Grid plc in July 2005. Prior to the merger he was appointed Group Chief Executive of National GridGroup in April 2001, where he played a key role in establishing the company'sinternational strategy and its successful expansion into the US. He joined theGroup in 1995, initially as CEO of the company's UK transmission business. Previously Roger Urwin was Managing Director and Chief Executive of LondonElectricity from 1990 to 1995. He is also a Non-executive Director of UtilicoInvestment Trust plc and a Fellow of the Royal Academy of Engineering. Steve Holliday Steve Holliday (49) joined National Grid Group as Group Director, UK and Europein March 2001. Immediately following the merger between National Grid andLattice Group in October 2002, he was responsible for the Group's electricityand gas transmission businesses. He was then appointed as Group Directorresponsible for UK Gas Distribution and Business Services.He was formerly an Executive Director of British Borneo Oil and Gas. Previously,he spent 19 years with the Exxon Group, where he held senior positions in theinternational gas business and operational areas such as refining and shipping.Steve Holliday's international experience includes a four-year spell in the US.He also developed business opportunities in countries as diverse as China,Australia, Japan, Brazil and the former Soviet Union. He is a Non-executiveDirector of Marks and Spencer Group plc. National Grid National Grid is an international energy delivery business, whose principalactivities are in the regulated electricity and gas industries. It owns thehigh-voltage electricity transmission system in England and Wales and operatesthe system across Great Britain. It also owns and operates the high pressure gastransmission system in Britain and its distribution business delivers gas to 11million homes and businesses in Britain. The Group has electricity transmission systems in northeastern US, anddistributes electricity in the northeastern US to approximately 3.3 millioncustomers, and gas in upstate New York to around 560,000 customers. National Grid also has a number of businesses operating in related areas such aswireless infrastructure for broadcast and telecommunications, metering andinterconnectors. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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