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National Grid appoints Steve Smith as Chief Strategy and Regulation Officer

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National Grid (NYSE: NGG) has appointed Steve Smith as Chief Strategy and Regulation Officer, effective immediately. Smith, who has been serving in this role interim since August 2024, will lead the company's strategy and regulation work across the US and UK. He will report to CEO John Pettigrew and join the executive committee. The appointment comes as National Grid plans to deploy £60bn of capital over the next five years to drive economic growth, jobs, and decarbonization. Smith, who joined National Grid in 2021, brings over 25 years of experience in energy and finance sectors, previously holding positions at Lloyds Banking Group, Ofgem, American Electric Power, and PwC.

National Grid (NYSE: NGG) ha nominato Steve Smith come Chief Strategy and Regulation Officer, con effetto immediato. Smith, che ha ricoperto questo ruolo ad interim da agosto 2024, guiderà il lavoro di strategia e regolamentazione dell'azienda negli Stati Uniti e nel Regno Unito. Riporterà direttamente al CEO John Pettigrew e entrerà a far parte del comitato esecutivo. Questa nomina arriva mentre National Grid prevede di investire 60 miliardi di sterline in capitale nei prossimi cinque anni per stimolare la crescita economica, i posti di lavoro e la decarbonizzazione. Smith, che è entrato in National Grid nel 2021, porta con sé oltre 25 anni di esperienza nei settori dell'energia e della finanza, avendo precedentemente ricoperto ruoli in Lloyds Banking Group, Ofgem, American Electric Power e PwC.

National Grid (NYSE: NGG) ha nombrado a Steve Smith como Chief Strategy and Regulation Officer, con efecto inmediato. Smith, que ha ocupado este cargo interinamente desde agosto de 2024, liderará el trabajo de estrategia y regulación de la empresa en EE. UU. y el Reino Unido. Reportará al CEO John Pettigrew y se unirá al comité ejecutivo. El nombramiento se produce en un momento en que National Grid planea invertir 60 mil millones de libras esterlinas en capital durante los próximos cinco años para impulsar el crecimiento económico, el empleo y la descarbonización. Smith, que se unió a National Grid en 2021, aporta más de 25 años de experiencia en los sectores de energía y finanzas, habiendo ocupado anteriormente puestos en Lloyds Banking Group, Ofgem, American Electric Power y PwC.

내셔널 그리드(NYSE: NGG)는 스티브 스미스를 최고 전략 및 규제 책임자로 즉시 임명했습니다. 스미스는 2024년 8월부터 이 역할을 임시로 맡아왔으며, 미국과 영국에서 회사의 전략 및 규제 업무를 이끌게 됩니다. 그는 CEO인 존 페티그루에게 보고하며, 경영위원회에 합류할 것입니다. 이번 임명은 내셔널 그리드가 향후 5년 동안 600억 파운드의 자본을 배치할 계획을 세우면서 이루어졌습니다. 이는 경제 성장, 일자리 및 탈탄소화를 촉진하기 위한 것입니다. 2021년에 내셔널 그리드에 합류한 스미스는 에너지 및 금융 분야에서 25년 이상의 경력을 보유하고 있으며, 이전에 로이드 뱅킹 그룹, 오프젬, 아메리칸 일렉트릭 파워 및 PwC에서 근무했습니다.

National Grid (NYSE: NGG) a nommé Steve Smith au poste de Chief Strategy and Regulation Officer, avec effet immédiat. Smith, qui occupe ce poste par intérim depuis août 2024, dirigera le travail de stratégie et de régulation de l'entreprise aux États-Unis et au Royaume-Uni. Il rendra compte au PDG John Pettigrew et rejoindra le comité exécutif. Cette nomination intervient alors que National Grid prévoit d'investir 60 milliards de livres sterling en capital au cours des cinq prochaines années pour stimuler la croissance économique, l'emploi et la décarbonisation. Smith, qui a rejoint National Grid en 2021, apporte plus de 25 ans d'expérience dans les secteurs de l'énergie et des finances, ayant précédemment occupé des postes au sein de Lloyds Banking Group, d'Ofgem, d'American Electric Power et de PwC.

National Grid (NYSE: NGG) hat Steve Smith mit sofortiger Wirkung zum Chief Strategy and Regulation Officer ernannt. Smith, der seit August 2024 interimistisch in dieser Rolle tätig war, wird die strategischen und regulatorischen Arbeiten des Unternehmens in den USA und im Vereinigten Königreich leiten. Er wird an CEO John Pettigrew berichten und dem Exekutivkomitee beitreten. Die Ernennung erfolgt, während National Grid plant, in den nächsten fünf Jahren 60 Milliarden Pfund Kapital zu investieren, um das Wirtschaftswachstum, die Schaffung von Arbeitsplätzen und die Dekarbonisierung voranzutreiben. Smith, der 2021 zu National Grid kam, bringt über 25 Jahre Erfahrung in den Bereichen Energie und Finanzen mit, nachdem er zuvor Positionen bei der Lloyds Banking Group, Ofgem, American Electric Power und PwC innehatte.

Positive
  • Planned £60bn capital investment over next five years
  • Appointment of experienced executive with 25+ years in energy and finance sectors
  • Strategic leadership continuity with internal promotion from interim role
Negative
  • None.

BROOKLYN, N.Y. and WALTHAM, Mass., Nov. 20, 2024 /PRNewswire/ -- National Grid today announced that Steve Smith has been appointed as the company's Chief Strategy and Regulation Officer. As National Grid works to progress the energy transition at speed, Steve will lead the company's work on future strategy and regulation across the US and UK. Steve will sit on National Grid's executive committee and report to John Pettigrew, Group CEO.

Steve has been leading this work on an interim basis since August 2024, following Ben Wilson's move to lead National Grid Ventures. His appointment is effective immediately.

"It's a privilege to be appointed to this role at the most exciting time for the energy sector in decades," said Steve Smith "The strategy and regulation teams already deliver outstanding work to ensure National Grid is set up for success and that we continue to put our customers first. I am very much looking forward to continuing to build on this, as I take up the role on a permanent basis."

John Pettigrew, CEO, said: "As we work to deliver on our ambitious investment plans, which will see us deploy £60bn of capital over the next five years, the strategy and regulation teams will play a key role in making sure this investment drives economic growth, jobs and decarbonisation. Steve's outstanding leadership and depth of experience will further strengthen our executive team as we lead the sector in driving the energy transition forwards. We are pleased that Steve has accepted this role and look forward to working with him."

Steve Smith joined National Grid in October 2021 and previously held the roles of Group Head of Strategy and President of National Grid Partners. Before joining National Grid, he spent 11 years at Lloyds Banking Group and was a member of the Retail Executive Committee.

Prior to this, he was a Board member and Managing Director at Ofgem. His early career included roles at American Electric Power and PricewaterhouseCoopers (PwC). 

With more than 25 years of experience in the energy and finance sectors, Steve's career spans venture capital, fintech, innovation and competition, government and policy, markets, regulatory reform and regulatory strategy.

About National Grid

National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York and Massachusetts. National Grid is focused on building a smarter, stronger, cleaner energy future — transforming our networks with more reliable and resilient energy solutions to meet state climate goals and reduce greenhouse gas emissions.

For more information, please visit our website, follow us on X (formerly Twitter), watch us on YouTube, like us on Facebook and find us on Instagram.

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SOURCE National Grid

FAQ

Who is the new Chief Strategy and Regulation Officer at National Grid (NGG)?

Steve Smith has been appointed as National Grid's Chief Strategy and Regulation Officer, effective immediately after serving in an interim capacity since August 2024.

How much capital does National Grid (NGG) plan to invest over the next five years?

National Grid plans to deploy £60bn of capital over the next five years to drive economic growth, jobs, and decarbonization.

What was Steve Smith's role at National Grid (NGG) before this appointment?

Before this appointment, Steve Smith served as Group Head of Strategy and President of National Grid Partners after joining the company in October 2021.

When did Steve Smith join National Grid (NGG)?

Steve Smith joined National Grid in October 2021.

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