SSE Plc - Group Energy and Commercial Director
APPOINTMENT OF GROUP ENERGY AND COMMERCIAL DIRECTOR
The Board of SSE plc confirms that
Martin will be accountable for identifying and delivering on growth opportunities across all of SSE's market businesses. He will be aided in this by the recent expansion of SSE's Energy Portfolio Management (EPMI) division, which now benefits from enhanced commercial analytics capability and market insights following the addition of SSE's Energy Economics and Markets Codes teams.
SSE Enterprise, led by Enterprise MD
Martin will retain his existing responsibilities for SSE Renewables, SSE Thermal, EPMI and Energy Customer Solutions.
In addition, he will now have Group-level responsibility for driving commercial market risk activities for all SSE's non-networks businesses. Group level risk activities related to the wider company will continue to be overseen by the Finance Director,
The promotion recognises Martin's strong contribution to the Group over many years and is a natural expansion of his previous role, bringing together a complementary group of market and customer-facing businesses under his leadership.
Richard Gillingwater CBE, Chairman of SSE plc, said:
"We are very pleased that Martin will be taking on this expanded remit which will see him drive growth and manage commercial risk across SSE's market businesses. He has made an outstanding contribution to the Board since he joined it three years ago, and has recently demonstrated the value he and the team bring to the business through SSE's success in offshore wind auctions and the value created from the recent Multifuel Energy transaction. He now has the opportunity to make an even greater impact in his new role."
"I'm delighted to take on the new role, particularly with its focus on growth and risk management. SSE is uniquely positioned to lead the transition to net zero emissions, both in our core energy businesses and in emerging areas like distributed energy, and bringing these together as part of a single energy and commercial team will help us capitalise on the significant opportunities that lie ahead."
The Company confirms that no other disclosure needs to be made under Listing Rule 9.6.13R in respect of this appointment. Martin's remuneration on promotion will be consistent with SSE's Directors' Remuneration Policy, a summary of which can be found in SSE's 2020 Annual Report. Details of his remuneration package will be disclosed as normal within the Annual Report for 2021, due for publication in July.
*A process to dispose of the Contracting and Rail business within SSE's Enterprise segment is currently ongoing.
Quick facts: SSE PLC
Market Cap: £17.33 billion
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