Severn Trent Regulatory News (SVT)

Severn Trent Plc - Board Changes

The Board of Severn Trent Plc today announces that Sarah Legg has been appointed as an Independent Non-Executive Director of the Company and of Severn Trent Water Limited with effect from 1 November 2022. 

Sarah has been appointed as a member of the Nominations, Audit and Risk, Treasury and Corporate Sustainability Committees. She brings extensive corporate finance and significant audit and risk experience gained in the financial services sector to the Company. She is currently an Independent Non-Executive Director at Lloyds Banking Group plc, Chair of its Audit Committee and a member of its Risk and Responsible Business Committees.

Sarah has spent her entire career in financial services with HSBC in finance leadership roles. She was the Group Financial Controller, a Group General Manager, and also Chief Financial Officer for HSBC's Asia Pacific region. She also spent eight years as a Non-Executive Director on the board of Hang Seng Bank Limited, a Hong Kong listed bank. Sarah is also Chair of the Campaign Advisory Board, Member of the Development Committee, King's College, Cambridge University, Board Member of the Audit Committee Chairs' Independent Forum and Trustee of the Lloyds Bank Foundation for England and Wales.

Commenting on the appointment, Christine Hodgson, Chair, said, "On behalf of the entire Board, I look forward to welcoming Sarah to Severn Trent. Her strong finance and regulatory accounting experience, gained over many years, will complement the existing composition of the Board and will help to ensure that we continue to build upon the excellent progress we have made in delivering for all of our stakeholders."

Sarah Legg, said, "I am delighted to have been appointed as a Director of Severn Trent. I look forward to working with the Board and Executive Team in serving Severn Trent's customers and broader stakeholders on the opportunities ahead."

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.