Last checked at 5 Jan 2023 08:22
David Brocksom to retire as Chief Financial Officer of Electricity North West Limited (the Company)
5 January 2023
Electricity North West Limited - Chief Financial Officer Announcement
COMPANIES WITH LISTED DEBT
ENW Finance plc's Board of Directors said on 5 January 2023:
"The Board of directors of ENW Finance plc today announces that the Chief Financial Officer of Electricity North West Limited (ENWL), and director of ENW Finance plc, David Brocksom, is to retire. David has confirmed his intention to retire on 30 June 2023. The Board has already started the search for a new Chief Financial Officer.
David Brocksom has been a director of ENWL since October 2015 having been involved with the business since 2013.
The search for the new CFO has commenced and the Company will update further on developments in this regard in due course.
Alistair Buchanan, Chairman of the Company, commented on behalf of the Board:
"David has not just been a fine CFO for Electricity North West Limited but a highly valued member of the Board. His fine grasp of economics combined with his wide industrial insights were immensely helpful to the Board as the Company transitioned to a higher performing DNO. He also provided great continuity and stability during both the changes of owners in 2019 and the change of CEO in 2022."
Ian Smyth, Chief Executive Officer, commented:
"David has been an important part of the success of ENWL. Today, ENWL delivers the lowest cost service with the least number of power interruptions in the UK. David will be missed but will always be part of the ENWL family."
Siôn Jones, Chief Operating Officer, Equitix one of the Company's shareholders commented:
"David in his role as CFO has provided assurance, stability and confidence to shareholders over the years. We thank him for helping us grow the business and we wish him well in his retirement from full time work."
Any queries should be directed to Electricity North West's press office by email at pressoffice@enwl.co.uk.
Address: Electricity North West Limited, Borron Street, Stockport, SK1 2JD
Phone: 0844 209 1957
DISCLAIMER - INTENDED ADDRESSEES
This announcement is a communication to the market. Nothing in this announcement constitutes an offer of securities for sale in the United States or any other jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document. This announcement has been delivered to you on the basis that you are a person into whose possession this announcement may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver this announcement to any other person. The distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.