Finance chief announced for new energy supply and services firm

THE chief financial officer designate has been named for the energy supply and services company to be formed by the merger of Perth-based SSE and Germany’s Innogy SE.

Gordon Boyd has been appointed to the role at the new independent British energy supply and services firm being created subject to necessary shareholder and regulatory approvals.

Mr Boyd is the second appointment to the board of the new company, alongside Katie Bickerstaffe who was confirmed as chief executive designate in April.

He will take up his new role next month to help prepare for the formation and listing of the new company, which the firms say remains on course to take place in the last quarter of 2018 or first quarter of 2019.

Mr Boyd has gained experience in the energy sector and in major listed companies over more than 30 years. He joined the energy sector in 1989 and has held a variety of senior finance positions, including roles at British Energy and EDF Energy.

He also oversaw the initial public offerings of Drax and Infinis.

Alistair Phillips-davies, chief executive of SSE plc, said: “This appointment represents another important milestone on the journey to establishing a new, independent player in the British energy supply and services market.”

Mr Boyd said: “This is an exciting time to be planning the formation and listing of a major new player and I’m delighted to join the new leadership team.”

The proposed combined retail company will be listed on the premium segment of the London Stock Exchange.