StockMarketWire.com - Power utility National Grid has announced the appointment of Paula Rosput Reynolds to succeed Sir Peter Gershon as chair.

The company said she is set to join the board on 1 January 2021 as non-executive director and chair designate and will assume the role of chair after a transitionary period and no later than the conclusion of the 2021 Annual General Meeting, with Sir Gershon remaining chair until then.

Reynolds is a non-executive director at General Electric Company in the US and senior independent director of BP where she also chairs the remuneration committee. She will step down as non-executive director and chair of the remuneration committee of BAE Systems prior to 1 January 2021.

The search was led by senior independent director Mark Williamson who said: 'Today's announcement is the culmination of a succession planning process which we initiated last year. I am delighted that our thorough search process has resulted in Paula's selection as our next chair.

'Paula has a highly successful track record as a chief executive across the energy and insurance industries and has over 20 years' experience as a non-executive director in both the UK and US across multiple sectors and businesses.'

Sir Gershon informed the board of his intention to step down on 30 January 2020.



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