Severn Trent Plc - Succession Planning and Board Changes

The Board of Severn Trent Plc today announces that Philip Remnant, Independent Non-Executive Director, member of the Nominations, Audit and Risk and Treasury Committees, and Chair of the Remuneration Committee, will retire from the Board on 30 November 2022, after serving nearly nine years.  Philip will be succeeded as Chair of the Remuneration Committee by Sharmila Nebhrajani who joined the Board as an Independent Non-Executive Director on 1 May 2020 and who has been a member of the Remuneration Committee since 16 September 2021. 

Philip Remnant will step down as a member of the Audit and Risk and Treasury Committees on 1 September 2022.  Sharmila will also step down as a member of the Audit and Risk Committee on 1 September 2022 and become Chair of the Remuneration Committee on 30 November 2022.  She will remain a member of the Corporate Sustainability and Nominations Committees. 

Additionally, the Board is pleased to announce the appointment of Gillian Sheldon as a member of the Remuneration Committee with effect from 1 September 2022 and as Chair of the Treasury Committee with effect from 1 November 2022. Gillian joined the Board on 1 November 2021 as an Independent Non-Executive Director and is a member of the Audit and Risk, Treasury and Nominations Committees.

Commenting on Philip's retirement, Christine Hodgson, Chair, said,

"I would like to thank Philip very much for the significant contribution he has made to Severn Trent during his time on the Board and in particular as Chair of the Remuneration Committee. His expertise, professionalism and commitment have been  greatly appreciated by the Board and the Company".

The Company confirms that there is no other information to be disclosed under the requirements of Listing Rule 9.6.13R in relation to these appointments.

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