– UK, Warwick – National Grid PLC (LON: NG) today announced the appointment of Paula Rosput Reynolds to succeed Sir Peter Gershon as Chair.
Paula will join the Board on 1 January 2021 as Non-executive Director and Chair Designate and will assume the role of Chair after a transitionary period and no later than the conclusion of the 2021 Annual General Meeting. Sir Peter will remain as Chair until this time.
“Today’s announcement is the culmination of a succession planning process which we initiated last year. I am delighted that our thorough search process has resulted in Paula’s selection as our next Chair. Paula has a highly successful track record as a chief executive across the energy and insurance industries and has over 20 years’ experience as a non-executive director in both the UK and US across multiple sectors and businesses.” said Senior Independent Director, Mark Williamson.
John Pettigrew commented; “Paula brings a wealth of board level experience leading global companies in the energy and financial sectors. Her experience within international and US companies and insight into strategic and regulatory issues will be an asset to the Board and I look forward to working alongside her.”
About Paula Rosput Reynolds
Paula Rosput Reynolds began her career as an economist and spent over 25 years in the energy sector in a variety of operational and corporate roles, including at the Duke Energy Corporation and the Pacific Gas and Electric Company. She was Chair, President and Chief Executive Officer of AGL Resources Inc., formerly a Fortune 500 natural gas distribution, services and trading company more recently acquired by Southern Company.
Paula Reynolds was also Chair, President and Chief Executive Officer of Safeco Corporation, a US insurance company, until its acquisition by Liberty Mutual Group in 2008. She was then appointed Vice Chairman and Chief Restructuring Officer of American International Group Inc. overseeing the company’s divestiture of assets and serving as chief liaison with the Federal Reserve Bank of New York.
Paula commented; “I am honoured to be joining National Grid’s Board as the entire industry is evolving. I am looking forward to working with John Pettigrew and the rest of the Board and meeting National Grid employees and key stakeholders.”
She currently serves as a Non-executive Director of BAE Systems plc until January 2021. Paula Reynolds is also a director of General Electric Company and of BP plc, where she is the Senior Independent Director. She has also previously served as a Non-executive Director of CBRE Group, Inc., TransCanada Corporation, Siluria Technologies Inc., Delta Air Lines, Anadarko Petroleum Corporation Inc, Coca-Cola Enterprises Inc and Air Products and Chemicals.
For more information: https://www.nationalgrid.com/
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