Pennon Group announce new Chair
20th March 2015
Pennon Group, parent company of Viridor and South West Water, has announced that Ken Harvey, who has served as Chairman since March 1997, has decided to retire from the Board on 31 July 2015 following the Company’s 2015 AGM.
He will be succeeded by Sir John Parker who, with effect from 1 April 2015, will initially join the Board as an independent Non-executive Director and as Deputy Chairman.
Sir John is currently the chairman of Anglo American Plc, deputy chairman of DP World and a non-executive director of the Airbus Group and Carnival Corporation & Plc. He has recently stepped down after three years as the President of the Royal Academy of Engineering. He has chaired five FTSE 100 companies and has served as CEO, chairman or non-executive director in more than twenty major UK and overseas companies.
Pennon Group’s Senior Independent Director, Gerard Connell, commented;
“The Company is very fortunate in being able to appoint a successor to Ken who is widely recognised as being one of the most experienced and respected business leaders in the UK. His previous background in the utilities and waste sectors will be particularly valuable to Pennon and its subsidiary companies.
On behalf of the Board I would like to thank Ken for steering Pennon through a period of significant growth and change over his 18 years as Chairman. He has provided exceptionally strong leadership and wise counsel to the Board and has overseen significant successful developments in both South West Water and Viridor.”
Ken Harvey added;
“It is appropriate for me to retire at this time when both of Pennon’s subsidiary businesses are well positioned for strong future growth. I am delighted that Sir John has agreed to take over from me and I wish him and the Board every success in the future strategic development of the Company.”
Sir John said;
“I am honoured to be invited to Chair the Pennon Group and succeed Ken Harvey who has made such a long term outstanding contribution to the development of the Group. Having recently completed my term as President of The Royal Academy of Engineering I am pleased to be in a position to devote time and energy to one of the South West leading Companies.”
Further information on Pennon Group can be found on the Company’s website www.pennon-group.co.uk
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