National Grid (LON:NG) has announced that it has agreed with Dean Seavers, US Executive Director, that for personal reasons, he will step down with immediate effect from his position as a member of the Board and as President of the US business. Dean has agreed to stay with the business until 31 December 2019 in order to ensure a smooth leadership transition and handover.
Badar Khan, currently Group Director Corporate Development and National Grid Ventures and a member of the Group Executive Committee, will take over immediately as interim President of the US business, pending the appointment of a permanent successor to Dean. Badar, who has been at National Grid since April 2017, will not join the Board in this interim role, but will continue in his role as a member of the Group Executive Committee.
Sir Peter Gershon, Chairman, commented: “On behalf of the Board I would like to thank Dean for the significant contribution that he has made to National Grid and the US business over the last 5 years and wish him all the best for the future.”
The Board will now initiate a thorough process to identify a permanent successor for Dean which will include both internal and external candidates.
John Pettigrew, National Grid CEO, commented: “It has been a pleasure to work with Dean over the last few years and he has been a key part of my management team. I wish him well for the future. Badar’s knowledge of National Grid and his experience in the US will ensure a smooth transition whilst we undertake a search for Dean’s permanent successor.”
