LONDON (ShareCast) - (Sharecast News) - United Utilities said on Wednesday that Russ Houlden has decided to retire as chief financial officer and will step down from the board at the annual general meeting "to pursue a non-executive career".
Houlden, who has been CFO since 2010, is already a member of the supervisory board and chairman of the audit committee of Orange Polska and will be appointed a non-executive director of Babcock International on 1 April, with a view to becoming chairman of the company's audit and risk committee following its annual meeting in July.

Chief executive Steve Mogford said: "Russ has been an integral part of the work we have done in recent years to transform the organisation, helping us to deliver best ever levels of customer service, a more resilient network and real gains in operational performance and efficiency."

United Utilities said succession plans are in progress and an announcement about Houlden's successor will be made at a later date.

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