Severn Trent Plc (LON:SVT) has announced that Gillian Sheldon, Non-Executive Director, has informed the Board of her intention to step down as Non-Executive Director of the Company at the forthcoming AGM in July 2024, in order to focus on her executive commitments, having recently been appointed Managing Director and Vice-Chair of the UK investment banking division at Morgan Stanley.
Gillian Sheldon is a Non-Executive Director of the Company, Chair of the Treasury Committee, and member of the Audit and Risk Committee, Nominations Committee and Remuneration Committee.
Commenting on today’s announcement, Christine Hodgson, Severn Trent Chair, said,
“On behalf of the Board I would like to thank Gillian for the contribution she has made to Severn Trent during her time on the Board and in particular as Chair of the Treasury Committee. Her expertise and professionalism are greatly appreciated by the Board and the Company and we wish her the best in the future.”
To ensure a smooth transition, Gillian will remain as Non-Executive Director while the selection process for a replacement Non-Executive Director is underway. The announcement of a successor will be made in due course.
