SSE plc
APPOINTMENT OF EXECUTIVE DIRECTOR
Martin Pibworth has been appointed Wholesale Director for SSE plc and will join the Board of the Company on 1 September 2017.
Martin joined SSE in 1998 and has been a member of the company's Management Board and then Executive Committee since 2012. In his current role, he is responsible for energy portfolio management, electricity generation, gas production, gas storage and energy supply and related services for industrial and commercial customers; as Wholesale Director for SSE plc, he will have Board-level responsibility for these business activities and for SSE's businesses in Ireland.
His appointment means the number of Executive Directors on the Board of SSE plc will revert to three but does not affect significantly the responsibilities of Chief Executive, Alistair Phillips-Davies or Finance Director, Gregor Alexander. In addition to the Executive Directors, the Board has six independent non-Executive Directors and the Chairman. Of the 10 members of the Board, three are women.
All Directors stand for annual re-appointment at the Company's AGM and details of their remuneration are set out in the Company's Annual Report. The remuneration for SSE's new Wholesale Director will be consistent with SSE's Directors' Remuneration Policy, a summary of which can be found in SSE's 2017 Annual Report.
The Company confirms that no other disclosure needs to be made under Listing Rule 9.6.13R in respect of this appointment.
Richard Gillingwater CBE, Chairman of SSE plc, said:
"I am very pleased that Martin will be joining the Board. We have concluded that he will bring outstanding knowledge of, insight on and passion for the energy sector and the critical role it plays in people's lives.
"He also shares the Board's commitment, and that of SSE as a whole, to ensuring shareholders receive a fair return on their investment through the payment of dividends and to responsible business practice generally.
"Martin already works very closely with Chief Executive Alistair Phillips-Davies and Finance Director Gregor Alexander and together they represent a very strong team of Executive Directors to lead SSE in the years ahead."
Biographical note
Martin Pibworth is a History graduate from Magdalene College, Cambridge University. Before joining SSE, he worked in energy trading at Eastern Power and Energy Trading and then at Total Gas Marketing. He joined SSE in 1998 as an energy trader and undertook a series of commercial roles in the company, becoming Managing Director, Energy Portfolio Management, and a member of SSE's then Management Board, in 2012. In 2014, he was appointed Managing Director, Wholesale, and a member of SSE's Executive Committee, taking on responsibility for SSE's electricity generation portfolio (which is now over 10,000 megawatts) and associated capital investment programme. He lives in Scotland.
