Scottish & Southern Energy PLC
5 July 2002
Friday, 5 July 2002
SCOTTISH AND SOUTHERN ENERGY PLC
APPOINTMENT OF CHIEF EXECUTIVE, CHIEF OPERATING OFFICER
AND FINANCE DIRECTOR
The Board of Scottish and Southern Energy plc ('the Group') has appointed Ian
Marchant, currently Finance Director, to succeed Jim Forbes as Chief Executive.
Colin Hood, the Power Systems Director, has been appointed to the new post of
Chief Operating Officer. Gregor Alexander, the Group's Treasurer and Tax
Manager, will become Finance Director and will join the Board on taking up his
appointment.
All of these new appointments will be effective from 1 October 2002. Jim Forbes
will retire both as Chief Executive and as a Director on that date.
Ian Marchant joined Southern Electric in 1992 as Head of Corporate Financial
Planning. He was appointed to the Board as Finance Director in 1996. He became
Finance Director of Scottish and Southern Energy on its creation in 1998.
Before joining Southern Electric, he worked for two years in the Department of
Energy on electricity privatisation.
Colin Hood joined Southern Electric in 1990, having previously worked for
Scottish Hydro-Electric. He joined the Board as Power Systems Director at the
start of 2001. In his new expanded role, he will become responsible for key
Group operations, including customer service, IT, retail and human resources, as
well as the electricity networks, SSE Contracting and SSE Telecom.
Gregor Alexander joined Scottish Hydro-Electric in 1991 and has held a variety
of senior positions in the Finance team. He was appointed Group Treasurer and
Tax Manager when the Group was formed in 1998 and has played a central role in
the development of the Group's financial strength.
Dr Bruce Farmer, Chairman, said:
'The management and staff of the Group have had outstanding leadership from Jim
Forbes. He fully deserves his reputation as one of the best Chief Executives in
the FTSE-100. Among his many achievements, he has developed a management team
capable of meeting the many challenges ahead.
Ian Marchant has played a very important part, with Jim Forbes and the rest of
the management team, in creating the strong company that Scottish and Southern
Energy is today. He is widely recognised as the person to lead the Group in the
future.
As Power Systems Director, Colin Hood has had the key role in making Scottish
and Southern Energy the most efficient electricity network operator in the UK.
In the much larger role of Chief Operating Officer, he will be able to deploy
his undoubted management skills across many of the Group's key operations.
Gregor Alexander's important contribution to the financial management of the
Group, and his excellent track record as Group Treasurer and Tax Manager, makes
him ideally placed to become Finance Director.
Scottish and Southern Energy is a financially strong and operationally efficient
Group and with this management team we are very well placed to extend our track
record of growth.'
- ENDS -
For further information please contact:
Scottish and Southern Energy
Alan Young - Director of Corporate Communications 0870 900 0410
Denis Kerby - Investor Relations Manager 0870 900 0410
Financial Dynamics
Andrew Dowler 020 7831 3113
Fiona Meiklejohn 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
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