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
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