Severn Trent Plc
SVT:LN
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Overview
Company Profile
Formed in 1974, Severn Trent is a water utility serving millions of UK customers. The group's main business is Severn Trent Water, a leading water and sewerage company. Waste arm Biffa was demerged in October 2006.
Classification
Financials
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Corporate
Board of Directors
Liv Garfield
Chief Executive
Olivia (Liv) brings to the board a wealth of experience managing customer service delivery and complex infrastructure and organisations in a regulated environment. Before joining Severn Trent, she was Chief Executive Officer of Openreach, part of the BT Group, where she spearheaded and oversaw the commercial roll-out of fibre broadband to two thirds of the country. She joined BT in 2002 and held the pivotal roles of Group Director of Strategy and Regulation, Managing Director Commercial and Brands, Global Services and UK Customer Services Director. From 1998 to 2002, Liv worked for Accenture as a consultant in the Communications and High Tech Market Unit, designing and implementing business change solutions across a number of industry sectors. On 28 February 2015, Liv retired from the board of Tesco plc as Non-executive director. In October 2014, Liv stepped down as a member of the Nominations Committee of Severn Trent.
James Bowling
Chief Financial Officer
James is a chartered accountant, having started his career with Touche Ross and brings significant financial management, M&A and business transformation expertise to the board. Prior to joining Severn Trent, James was interim Chief Financial Officer of Shire plc, where he had been since 2005, first as Head of Group Reporting and from 2008 as Group Financial Controller. Prior to joining Shire, James spent nine years at Ford Motor Company in various finance roles of increasing responsibility.
John Coghlan
Non-executive director
John is a chartered accountant and is a valuable addition to the Board’s existing skill set. He became Chairman of the Audit Committee following the AGM on 16 July 2014 and Chairman of the Treasury Committee in April 2015. John brings to the board extensive financial expertise. Currently John is also Chairman of Inchcape Shipping Services and a non-executive director and Chairman of the Remuneration Committee of Lavendon Group plc. Previously, he was a director of Exel Plc for 11 years to 2006, where he was Deputy Chief Executive and Group Finance Director. Since 2006, John has been a non-executive director of various publicly-quoted and private equity-owned companies. External appointments Chairman of Inchcape Shipping Services Non-executive director and Chairman of the Remuneration Committee of Lavendon Group plc Chairman of Freight Transport Association Ireland Limited Committee Membership Nominations Committee Audit Committee Treasury Committee
Andrew Duff
Non-executive Chairman
Andrew’s extensive experience of international and regulated business, strategic management and customer service in high profile, dynamic environments has equipped him well for the role of Chairman of the group. Andrew spent 16 years at BP in marketing, strategy and oil trading. He joined National Power in 1998 and the board of Innogy plc upon its demerger from National Power in 2000. He played a leading role in its restructuring and transformation through the opening of competition in energy markets culminating in its subsequent sale to RWE in 2003. He became CEO of the successor company, RWE npower, and a member of the RWE Group Executive Committee. He was a non-executive director of Wolseley Plc from July 2004 until November 2013. Andrew was appointed non-executive Deputy Chairman of Elementis plc on 1 April 2014 and became non-executive Chairman of Elementis plc on 24 April 2014. External appointments Non-executive Chairman and Chairman of the Nomination Committee of Elementis plc Member of the CBI President’s Committee Trustee of Macmillan Cancer Support and Earth Trust Fellow of the Energy Institute Committee Membership Corporate Responsibility Committee Nominations Committee Remuneration Committee
Gordon Fryett
Non-executive director
Gordon has extensive experience working in and with international businesses, managing significant capital expenditure. His in-depth retail expertise at both executive and operational level in a customer facing, highly competitive environment enables him to bring substantial experience and expertise to the board and the Corporate Responsibility Committee. Gordon held the position of Group Property Director at Tesco plc until his retirement in November 2013. He previously held a number of senior roles within the Tesco Group, including Operations Director, International Support Director and CEO Republic of Ireland. External appointments Alumnus of INSEAD Non-executive director of Linney Group Ltd Committee membership Corporate Responsibility Committee Nominations Committee
Martin Lamb
Senior Independent Director
Martin brings extensive experience to the board of managing and developing large engineering businesses in all parts of the world. His strong engineering expertise, commercial acumen, experience of managing complex projects, and familiarity with current market pressures leave him well placed to add value to the Severn Trent business. In May 2014, Martin left the Board of IMI plc having served as Chief Executive for 13 years and after 33 years with the Company. On 1 March 2014, Martin was appointed Chairman of Evoqua Water Technologies and on 14 January 2015, he was appointed non-executive director of Mercia Technologies plc. On 24 April 2015, Martin was appointed Chairman of Rotork Plc. Previously Martin was a non-executive director of Spectris Plc External appointments Chairman of Rotork Plc Chairman of Evoqua Water Technologies LLC Non-executive director of Mercia Technologies plc Member of the Advisory Board of AEA Investors Management (UK) Limited Committee membership Nominations Committee Remuneration Committee Audit Committee
Philip Remnant
Non-executive director
Philip is a senior investment banker and brings substantial advisory and regulatory experience to the board. A chartered accountant, he is Senior Independent Director of Prudential Plc, Deputy Chairman of the Takeover Panel, Senior Independent Director of UK Financial Investments Limited and Chairman of City of London Investment Trust plc. Previously, Philip was Vice Chairman of Credit Suisse First Boston Europe and Head of the UK Investment Banking Department. Philip was Director General of the Takeover Panel for two years between 2001 and 2003, and again in 2010. Previously he served on the board of Northern Rock plc and from 2007 to 2012 was Chairman of the Shareholder Executive. External appointments Senior Independent Director and member of the Audit, Nominations and Remuneration Committees of Prudential Plc. Deputy Chairman of the Takeover Panel Non-executive director of UK Financial Investments Limited Non-executive Chairman of City of London Investment Trust plc Governor of Goodenough College Trustee of St Paul’s Cathedral Foundation Committee membership Audit Committee Nominations Committee Remuneration Committee Treasury Committee
Dr Angela Strank
Non-executive director
Angela brings a wealth of strategic, technical and commercial experience to the board. Angela was appointed as Head of Technology, Downstream at BP Group, effective 1 June 2015, In this role Angela will be responsible for the delivery of the Downstream strategic agenda through the development of sustainable technology advantage, whilst retaining her current responsibilities as BP’s chief scientist. She has held various other senior leadership roles at BP since joining in 1982, most recently including Vice President and Head of the Chief Executive’s Office. In 2010 Angela was the winner of the UK First Woman’s Award in Science and Technology in recognition of pioneering UK women in business and industry. Her track record and experience in strategy, operations, technology and transformational change are a complementary addition to the board’s skill set. External appointments Board of Governors of the University of Manchester Committee membership Corporate Responsibility Committee Nominations Committee Remuneration Committee