Finance Director Appointment

RNS Number : 7554T

National Grid PLC

04 October 2010

 



                                                                        4 October 2010

National Grid Finance Director Appointment

National Grid plc today announces that Steve Lucas will retire as Finance Director and stand down from the Board at the end of December 2010.

The Board is delighted to announce the appointment of Andrew Bonfield to the National Grid Board as Finance Director from 1st November. Andrew was the Chief Financial Officer at Cadbury plc until March this year when Cadbury plc was acquired by Kraft. He is currently a non-executive director at Kingfisher plc.

Prior to joining Cadbury plc Andrew wasExecutive Vice-President & Chief Financial Officer at Bristol-Myers Squibb for five years, based in New Jersey, US.  Previously, Andrew was the Finance Director at BG Group plc and Chief Financial Officer at SmithKline Beecham plc and was a non-executive director of BOC Group.

Steve Holliday, Chief Executive of National Grid, said: "I would like to thank Steve for his significant contribution to National Grid and formerly Lattice Group plc during his 10 years as Finance Director.  I am delighted that Andrew is joining the team and know that with his vast experience will play a pivotal role in helping us meet the challenges and opportunities that lie ahead." 

Commenting on his appointment, Andrew Bonfield said: "I am very pleased to be joining Steve Holliday and the team at National Grid at this exciting time in its growth".

CONTACTS:
Investors
David Rees	[phone]	[phone] (m)
Victoria Davies	[phone]	[phone] (m)
Andy Mead	[phone]	[phone] (m)
Media
Clive Hawkins	[phone]	[phone] (m)
Chris Mostyn	[phone]	[phone] (m)
Brunswick
Tom Batchelar	[phone]	[phone] (m)

Notes:

There are no further details to disclose under paragraphs 9.6.13(2) to (6) of the Listing Rules

Andrew is a qualified chartered accountant, who began his career with Price Waterhouse in South Africa, after studying at the University of Natal, Durban. He is married with two sons, and lives in Sunningdale, Berkshire.

 

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