21st Jul 2005 06:00
Severn Trent Plc announces today that, by mutual agreement, Mr Mark Wilson,Group Finance Director, will stand down from the Severn Trent Plc Board bythe end of the year.The Board has decided that this change will enable Colin Matthews, Group ChiefExecutive, to continue developing his new management team. Mark has agreed tostay in post until after the interim results scheduled for 6 December 2005.Sir John Egan, Chairman, said: "We are very grateful to Mark for all the workhe has done first with Severn Trent Water, then the whole Group and now forhelping to ensure a smooth succession process. He has made a significantcontribution to the Group's success. We wish him well in his future career."Mr Mark Wilson said: "I have had a tremendous 10 years at the heart of threeregulatory reviews in Severn Trent Water, and I am proud to have made acontribution to the Water Company's significant progress over that period. I amalso pleased to have smoothly managed the Group Finance role during a period ofsignificant management transition. It is now time for me to refresh my ownobjectives and career."A full search process will now start to find a replacement for Mark, and anannouncement will be made in due course.For further information please contact:Peter Gavan Director of Corporate Affairs, Severn Trent Plc on 0121 722 4310ENDSEVERN TRENT PLCRelated Shares:
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