Directorate Change

RNS Number : 6641N

Severn Trent PLC

30 July 2014

 



 30 July 2014

Severn Trent Plc - Enhancing Effectiveness

Severn Trent today announces the following changes to Director and Executive Committee responsibilities, made as part of our plan to prepare the business for the next regulatory period, AMP6.

Andy Smith, Executive Director, will move from being responsible for Water Services to take on a new role as Managing Director, Business Services, encompassing the Severn Trent Services businesses, a new Retail for Non Households Water Services organisation and our renewable energy business.

Martin Kane, Executive Director and current CEO of Severn Trent Services, will take on the new role of Chief Engineer covering engineering design standards, quality assurance, R&D and innovation for the Group and all health and safety aspects of operations.

Reflecting Andy Smith's new responsibilities Simon Cocks, who is currently responsible for Waste Water Services and is a member of the Severn Trent Executive Committee, will take on responsibility for the newly created Wholesale Operations business, which is a merger of the Water and Waste Water teams, as our new Managing Director, Wholesale Operations.

In addition, two new Executive Committee roles have been established: a Chief Customer Officer responsible for Customer Care, Transformation and Information Services; and a Group Commercial Director responsible for procurement, transport, supply chain and contract management.

Liv Garfield, Chief Executive of Severn Trent Plc, said:

"These changes, which will take effect from today, build on strong foundations and will enable the business to become more operationally effective, more competitive in non-regulated retail markets, more customer focused and deliver further shareholder value."

For press enquiries, please contact:

Rob Salmon Head of Communications

Severn Trent Plc

0207 353 4200 (on the day) 02477 715000

Martha Walsh

Tulchan Communications

0207 353 4200

For investor enquiries, please contact:

John Crosse Head of Investor Relations

Severn Trent Plc

0207 353 4200 (on the day) 02477 715000

Cautionary statement regarding Forward Looking Statements

This document contains statements that are, or may be deemed to be, 'forward-looking statements' with respect to Severn Trent's financial condition, results of operations and business and certain of Severn Trent's plans and objectives with respect to these items.

Forward-looking statements are sometimes, but not always, identified by their use of a date in the future or such words as 'anticipates', 'aims', 'due', 'could', 'may', 'will', 'would', 'should', 'expects', 'believes', 'intends', 'plans', 'projects', 'potential', 'reasonably possible', 'targets', 'goal' or 'estimates' and, in each case, their negative or other variations or comparable terminology. Any forward-looking statements in this document are based on Severn Trent's current expectations and, by their very nature, forward-looking statements are inherently unpredictable, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that may or may not occur in the future.

Forward-looking statements are not guarantees of future performance and no assurances can be given that the forward-looking statements in this document will be realised. There are a number of factors, many of which are beyond Severn Trent's control, that could cause actual results, performance and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to: the Principal Risks disclosed in our Annual Report as at May 2013 (which have not been updated since); changes in the economies and markets in which the group operates; changes in the regulatory and competition frameworks in which the group operates; the impact of legal or other proceedings against or which affect the group; and changes in interest and exchange rates.

All written or verbal forward-looking statements, made in this document or made subsequently, which are attributable to Severn Trent or any other member of the group or persons acting on their behalf are expressly qualified in their entirety by the factors referred to above. Subject to compliance with applicable laws and regulations, Severn Trent does not intend to update these forward-looking statements and does not undertake any obligation to do so,

Nothing in this document should be regarded as a profits forecast.

This document is not an offer to sell, exchange or transfer any securities of Severn Trent Plc or any of its subsidiaries and is not soliciting an offer to purchase, exchange or transfer such securities in any jurisdiction. Securities may not be offered, sold or transferred in the United States absent registration or an applicable exemption from the registration requirements of the US Securities Act of 1933 (as amended).

 

END

 

 

BOALLFLRDAIAFIS