THE GROUP TRUSTEE

The Group is administered by a trustee company called National Grid Electricity Group Trustee Limited (NGEG TL).

The Board of NGEG TL consists of ten Group Trustee Directors – four appointed Group Trustee Directors (Appointed Trustees) appointed by the Principal Employer, National Grid Electricity Transmission plc, and six elected Group Trustee Directors (Elected Trustees) who are elected/selected by both members of the Group (Elected Trustees) and existing Elected Trustees.

MEET THE TRUSTEES

Appointed Trustees

Jon Carlton

Chairman of the Group Trustee

Appointed 1 August 2008

Formerly Director, UK LNG and Metering in receipt of a pension from the Group.

Roisin Quinn

Appointed Trustee

Appointed 1 July 2020

Head of National Control, National Grid ESO.

Darren Pettifer

Appointed Trustee

Appointed 1 April 2017

Head of Regulatory Finance, Regulation.

Stephen Yandle

Appointed Trustee

Appointed 1 April 2022

Independent Trustee.

Elected Trustees

Ray Arrowsmith

Elected Trustee

Re-elected 1 April 2018

Formerly Asset Management, ETAM in receipt of a pension from the Group.

Graham Commons

Elected Trustee

Re-elected 1 April 2021

Formerly Asset Management, ETAM in receipt of a pension from the Group.

John Dyke

Elected Trustee

Re-elected 1 June 2018

Formerly Commercial Manager, Coventry in receipt of a pension from the Group.

Philip Johnson

Elected Trustee

Re-selected 1 April 2021

Former Business Transition Manager, System Operator in receipt of a pension from the Group.

John Ong

Chairman of the Management Experience and Engagement Committee

Re-elected 1 April 2021

Formerly UK Head of Employee Relations in receipt of a pension from the Group.

Paul Hernaman 

Elected Trustee

Selected 2 July 2020

Former Head of Finance for Business Development, National Grid, in receipt of a pension from the Group.

The Panel

Associated with the Group Trustee Board is the Panel. Panel members receive training, provide support, contribute to, and gain experience of, the Group Trustee Board’s work. The members of the Panel are not Trustees and do not vote on Board matters.

Following the 2021 election, the current Panel was agreed by the GT Selection Board and will be in place with effect from 1 April 2021:

Henry Lu

Yogesh Nakarja

Tony Salisbury

Investment Committee

The main aim of this Committee, which consists of two Appointed Trustees and two Elected Trustees, is to allow the Group Trustee to deal with investment matters in an effective manner and to ensure sufficient time is available for investment issues to be properly addressed.

The Committee also acts as the main interface with investment managers, allowing the Committee members to develop an in-depth knowledge and understanding of them.

Electricity Pensions Trustee Limited (EPTL)

There is also a central Scheme Trustee, Electricity Pensions Trustee Limited (EPTL) which is a trust corporation and consists of a Council and a smaller Board of Directors.

The main responsibilities of EPTL are to:

  • ensure the safe custody and administrative control of assets;
  • produce the Scheme Report and Accounts on an annual basis;
  • ensure proper investment management of Group assets invested in the Unitised Fund; and
  • select and put in place a range of AVC investment funds for the Group Trustee to use as appropriate.

Each Group appoints two individuals to be Councillors of the Council; one Councillor is chosen by the Elected Trustees, and one by the Principal Employer. The Council is responsible for the appointment of a smaller Board of eight Directors. The Board normally meets four times a year.

The next Group Trustee election is due to take place in January 2023 when three Elected Trustees will be elected\selected for five-year terms with effect from 1 April 2023. Further information will be made available on the Group website in summer 2022.

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