The ECB continues to buy bonds despite the recovery in the eurozone
Lord Ian Livingston, former BT boss and former trade minister, joins the FTSE 100 National Grid utility board as a non-executive director, reports Rachel Millard.
The 56-year-old has had a long career at the top of British business, becoming the youngest financial boss of the FTSE 100 when he took office at Dixons Group in 1996.
He joined BT in 2002 and was promoted to Managing Director in 2008, investing heavily in new infrastructure amid the internet boom.
Paula Rosput Reynolds, president of National Grid, said the experience would be useful as National Grid, which owns the major electricity grids and gas pipes, is helping to overhaul the energy system in a bid to tackle climate change, including facing millions of electric cars and changes. to domestic heating.
“When you consider the huge technological and infrastructure changes that have taken place in telecommunications, Ian brings invaluable perspective on the challenges and opportunities of the journey to net zero. [carbon emissions],” she said.
National Grid is undergoing major changes as part of the national effort to reduce carbon emissions and move towards renewable energy.
It sells a majority stake in its gas network and buys England’s largest electricity distribution company, Western Power Distribution (WPD), from its US owner PPL.