Severn Trent to Reduce Board Size, Chief Financial Officer to Retire
20 October 2014 - 6:12PM
Dow Jones News
By Tapan Panchal
LONDON--Water company Severn Trent PLC (SVT.LN) said Monday that
Chief Financial Officer Mike McKeon is to retire and that it will
reduce the size of its board to eight directors from 11.
Mr. McKeon, who will retire next spring, will be succeeded by
Shire PLC's (SHP.LN) interim Chief Financial Officer James
Bowling.
The utility said that its board will comprise two executive
directors and six non-executive directors with effect from Jan. 23,
2015. Tony Ballance, Martin Kane and Andy Smith will cease to be
executive directors of Severn Trent.
Write to Tapan Panchal at tapan.panchal@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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