StockMarketWire.com - Energy utilities SSE and Innogy said they had appointed Martin Read as chairman designate of their new retail joint venture.

The pair also said preparation work was continuing for the formation and listing of the new company, which remained on course to take place by the end of the first quarter of 2019.

Read was a former chairman of electronics group Laird and a former chief executive of IT services company Logica.

He was currently chairman of Wincanton and the UK government's senior salaries review body.

The Competition and Markets Authority provisionally cleared the transaction in August and was due to publish its final decision by 22 October.



At 9:10am: [LON:SSE] SSE PLC share price was -14.75p at 1105.25p



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