United Utilities Group PLC Directorate Change (4798E)
February 28 2020 - 3:55AM
UK Regulatory
TIDMUU.
RNS Number : 4798E
United Utilities Group PLC
28 February 2020
United Utilities Group PLC
("United Utilities")
28 February 2020
United Utilities announces appointment of Chief Financial
Officer designate
United Utilities announces the appointment of Phil Aspin as
Chief Financial Officer, with effect from the close of business at
the AGM on 24 July 2020. He will succeed Russ Houlden who will
retire from the board following the AGM to pursue a non-executive
career, as announced on 5 February 2020. Phil will be appointed as
Chief Financial Officer of United Utilities Water Limited with
effect from the same date.
Phil qualified as a Chartered Accountant with KPMG and is a
member of the Association of Corporate Treasurers. He has held
various senior roles within the Group's Finance function since
joining United Utilities in 1994. In his current role as Group
Controller he is responsible for the group's financial and
regulatory accounting. He was the executive finance sponsor of the
company's 'fast track' PR19 regulatory price review submission in
2018. Alongside his responsibilities at United Utilities, for a
number of years Phil has served as a member of two technical
committees at the European Financial Reporting Advisory Group, the
organisation responsible for providing financial reporting advice
to the European Commission.
Steve Mogford, Chief Executive Officer said: "I am delighted to
announce Phil's appointment as Chief Financial Officer designate.
He has proven to be an exceptionally capable member of my executive
team and over a long period has clearly demonstrated a strong
practical understanding of all aspects of the business and its
needs, as well as an independence of mind and strong technical and
commercial skills. He has been a core part of the team on our
transformational journey over the last ten years and has been
instrumental in the delivery of finance initiatives. I am pleased
that he excelled in the rigorous appointment process through which
he proved himself as the stand-out candidate for this role, and we
look forward to him joining the board."
Phil commented: "I am proud of what we have delivered as a team
over the last ten years and am excited to build on this through the
next price review period and beyond, as we look to continually
improve operational performance, long-term resilience and
efficiency whilst delivering better services for our customers.
United Utilities is very well-positioned for the future and I look
forward to working alongside the talented people we have across the
business in my new role".
There are no other disclosures required in respect of this
appointment pursuant to Listing Rule 9.6.13 (2) to (6).
-0-
For further information, please contact:
Gaynor Kenyon, Corporate Affairs Director +44 (0) 7753 622 282
Robert Lee, Head of Investor Relations +44 (0) 7500 087 704
LEI 2138002IEYQAOC88ZJ59
Classification: Directorate change
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END
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