– UK – National Grid announces the appointment of Therese Esperdy as a Non-executive Director with effect from today, 18 March 2014. On appointment, Therese will join the Finance and Nominations Committees of National Grid and it is expected that she will take over as chairman of the Finance Committee when Maria Richter steps down from the Board later this year.

Therese is Co head of Banking, Asia Pacific for JPMorgan Chase & Co., based in Hong Kong. Previously, Therese was Global Head of Debt Capital Markets at JPMorgan, and prior to that Head of US Debt Capital markets.

Therese started her banking career with Lehman Brothers before joining Chase Securities in 1997. For a significant part of her career, Therese has had responsibility for Debt Capital Market activities in addition to building extensive general management responsibilities. Her experience in these roles is expected to be of significant value to National Grid, one of the largest non-financial issuers of corporate debt in the UK.

While working in Asia in recent years, Therese and her family remain residents of New York.

Sir Peter Gershon, Chairman, said: “Therese brings a wealth of corporate finance and debt market experience to National Grid’s Board. Her experience as a senior investment banker with JPMorgan Chase & Co. in the US and Asia over the last 16 years as well as in preceding roles makes her an excellent candidate to succeed Maria as chairman of our Finance Committee as well as providing a rounded perspective that will be of great value to the Board and other committees.

Therese’s appointment completes a significant transition of the Board over the last three years. We have successfully renewed the membership and key roles to bring a diverse range of skills and experience to our Board. As a result, shareholders will continue to benefit from strong governance and stewardship, underpinning National Grid’s clear strategy and focused dividend policy.”

About National Grid 

National Grid (LSE: NG; NYSE: NGG) is an electricity and gas company that connects consumers to energy sources through its networks. In Britain, we run the gas and electricity systems that our society is built on, delivering gas and electricity across the country.  In the North Eastern US, we connect more than seven million gas and electric customers to vital energy sources, essential for our modern lifestyles.

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