SSE chief Marchant to step down

SSE chief executive Ian Marchant

SSE chief executive Ian Marchant

Ian Marchant, chief executive of SSE, the UK’s second largest power supplier and largest generator of renewable electricity, will step down in mid-2013.

Marchant, 51, who spent more than a decade at the helm of Perth-based SSE (formerly known as Scottish and Southern Electricity), will be replaced by deputy chief executive Alistair Phillips-Davies.

An accountant by training, Marchant joined SSE’s predecessor company Southern Electric in 1992, and was promoted to the board as finance director when SSE was formed in 1998. He was appointed chief executive in 2002.

During his tenure, SSE was transformed into one of Europe’s largest renewables investors – a move accelerated massively by its €1.8bn ($2.4bn) acquisition of Dublin-based Airtricity Log in to read complete article.

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