REG - Pennon Group PLC - Board Changes

PennonAnnouncement

10/06/2024 07:00

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RNS Number : 6550R  Pennon Group PLC  10 June 2024

 

10(th) June 2024

 

Pennon Group plc

Chair Appointment

 

 

The Board of Pennon Group plc is pleased to announce the appointment of
David Sproul as Chair Designate.

 

David will join the Board as a non-executive director on 1
July 2024. Gill Rider will retire from the Board post the Annual General
Meeting on 24( )July 2024, after which David will assume the role of Chair.

 

Gill Rider, Chair, commented: "I am honoured to have worked alongside such a
talented Board over many years at Pennon. I am delighted that David will be
joining the Group and will succeed me as Chair. I wish him, Pennon
and especially all our dedicated colleagues every success for the future."

 

David Sproul said: "It is a privilege to have been invited to take on the
role as Chair at a pivotal point in Pennon's strategy, and ongoing
commitment to the UK Water industry. There has never been a more important
time to make a positive contribution to the sector and society. What Pennon
does for customer, communities and the environment really matters."

 

David is a Chartered Accountant who has spent most of his career in
professional services at Deloitte including Global Deputy CEO from 2019
to 2021. In late 2021 David became Chair of Starling Bank Ltd; the UK's
leading digital bank. He also serves as a non-executive director at Safanad
Limited, a privately held asset manager and is a senior adviser to
Bridgepoint Europe. He also sits on the Board of Governors as Chair designate
of University of Hertfordshire.

 

David's fee will be £250,000 p.a in line with the fee paid to the
outgoing chair.

 

There are no other matters requiring disclosure under Rule 9.6.13 of the
Listing Rules.

 

 

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