Last checked at 27 Apr 2022 14:00
ENW Finance plc (the Company)
issued by the Company
27/04/2022
Ian Smyth to be appointed as Chief Executive Officer of Electricity North West Limited (the Company)
COMPANIES WITH LISTED DEBT
The Board of Directors of ENW Finance plc is pleased to announce the appointment of Ian Smyth as Chief Executive Officer of Electricity North West Limited, and director of ENW Finance plc. Ian will succeed Peter Emery, who announced earlier this month that he wished to step down once a suitable successor had been identified. Ian is expected to join the Electricity North West Limited and the ENW Finance plc Boards and take up the CEO post later in the year. Peter Emery will remain as CEO until this transition completes.
Ian brings over 25 years of experience working within major UK and international utilities. His experience has spanned electricity, water and gas. Ian is a widely experienced senior executive with a strong operational, commercial and financial track record across his career. He joins from UK Power Networks (UKPN) the UK's largest electricity Distribution Network Operator. Ian is an Executive Member of UKPN and responsible for UKPN Services the business that delivers critical services to the largest national infrastructure projects and UK organisations including Heathrow, Gatwick and Stanstead airports, High Speed 1, Canary Wharf and London Underground.
Alistair Buchanan, Chairman of Electricity North West Limited, commented;
"Ian brings an established track record of delivering value and customer service for all stakeholders. The Board believes that Ian is a great fit for Electricity North West Limited and is well qualified to lead the business into ED2, its next business plan phase leading and facilitating the switch of the North West to a low carbon economy in an efficient and cost effective manner. "
"Ian will be building forward on the legacy of Peter Emery and I would also like to thank Peter again for his outstanding contribution to Electricity North West over the past six years. During his tenure, Peter led Electricity North West Limited to become a leading DNO with significant improvements in safety, reliability, customer satisfaction and efficiency. The unique approach to innovation is evidenced in the successful CLASS and Smart Street technologies, and reflected in its ED2 business plan submission, which builds upon the Company's commitment to stakeholder engagement."
Sion Jones, Chief Operating Officer, Equitix, the Company's lead shareholder commented;
"On behalf of the Board, I wish to welcome Ian to the Company. With Ian's leadership the Company will continue to strive to improve its performance and provide the best possible service to our customers and stakeholders in the North West and ensure we continue to provide the highest standards of reliability and safety."
Ian Smyth said: "Electricity North West Limited is a strong business operating in a sector which has a critical role to play for the people and economy of the North West. The rich diversity of Greater Manchester, Lancashire and Cumbria is evidenced in the ambitious plans for their green transition and reflected in their net zero targets. I am looking forward to supporting these stakeholders in achieving their goals and ambitions. Delivering a safe, reliable, efficient service will be our primary focus in these challenging times and will deliver a solid platform which individuals and businesses can rely on."
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.