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17 May 2018 16:57
PENNON GROUP PLC
17 May 2018
Directorate Change
The Board of Pennon Group plc announces that in line with governance best practice, Martin Angle, Non-Executive Director and chairman of the Remuneration Committee, who has been a Director for nine years, will stand down from the Board on 31 December 2018. The Board plans to make an announcement about a successor shortly.
In order to allow a period of continuity with a replacement, Martin will stand for reappointment at the AGM on 5 July 2018.
Sir John Parker, Chairman of Pennon Group plc, said:
"I would like to thank Martin for his considerable contribution to the Group's success and strong governance over the years. As chairman of the Remuneration Committee, Martin has steered Pennon's approach on executive remuneration, ensuring that it is supportive of the Group's strategy, and played a key role in securing our shareholders' overwhelming endorsement of our revised remuneration policy last year."
For further information, please contact:
Sarah Heald | Director of Corporate Affairs & Investor Relations - Pennon | } } | 01392 443 401 |
James Murgatroyd Faeth Birch | Finsbury
| 020 7251 3801 |
www.pennon-group.co.uk
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