Innogy, SSE select CFO for JV

SSE (LON:SSE) and Germany's Innogy SE (ETR:IGY) today announced the appointment of Gordon Boyd as chief financial officer designate of their planned British energy supply and services company.

After Katie Bickerstaffe was appointed chief executive designate of the combined retail energy company in April, SSE and Innogy now said Boyd will take up his new position on July 4 and play an active role in the preparation for the formation and listing of the new company. It is expected to float in London in the last quarter of 2018 or the first quarter of 2019. SSE and Innogy announced they were holding talks about merging their British energy supply units in November last year. The deal is still subject to approval by SSE's shareholders and relevant competition and regulatory authorities.

Boyd has significant experience in the energy sector and in major listed companies, having held senior finance leadership positions at utilities such as British Energy and EDF Energy and overseen the listings of Drax and Infinis, SSE and Innogy said.

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