SSE names Martin Pibworth as new CEO

LONDON - SSE (LON:SSE) plc announced today the appointment of Martin Pibworth as its new Chief Executive Officer, succeeding Alistair Phillips-Davies following his retirement. Pibworth, who has been with the company since 1998, will officially take the helm after the Annual General Meeting on July 17, 2025.

The decision comes after a thorough selection process, involving internal and external candidates, overseen by SSE Chair Sir John Manzoni and supported by executive search firm Korn Ferry (NYSE:KFY). Pibworth, currently SSE’s Chief Commercial Officer, has been instrumental in the company’s strategic direction, particularly in its renewable and thermal energy sectors.

Sir John Manzoni expressed confidence in Pibworth’s abilities, stating, "Martin is a proven industry leader, with deep sector experience and a highly strategic outlook, demonstrating all of the attributes needed to be a successful Chief Executive at this hugely exciting time for the Company."

Pibworth will inherit a company positioned for growth in the energy transition landscape, with a focus on networks, renewables, and flexibility. His leadership is expected to navigate the complexity and volatility of the energy market while seeking sustainable value creation.

Regarding remuneration, Pibworth’s salary will be set at £970,000 per annum starting July 17, 2025, with an increase to £1,050,000 effective April 1, 2026. This is in line with the Directors’ Remuneration Policy pending shareholder approval at the AGM. Additional compensation includes a pension allowance, participation in an Annual Incentive Plan, and a long-term Performance Share Plan.

Phillips-Davies, who will step down from the Board at the AGM, will continue to serve as non-Executive Chair of SSEN Distribution. His departure is aligned with the company’s remuneration policy, and further details will be disclosed in compliance with the Companies Act 2006 and in the 2025 Annual Report.

Following the AGM, the SSE Board will consist of the Chair, two Executive Directors, and eight independent non-Executive Directors, maintaining a gender balance of six men and five women.

This transition is based on a press release statement from SSE plc.

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