SGN appoints new Chief Financial Officer
14 February 2018
Mick Carmedy (left) is welcomed to SGN by retiring CFO Chris Brook.
SGN has appointed Mick Carmedy as its new Chief Financial Officer.
Mick has a proven track record in the utilities industry and joins SGN following six years with Southern Water as their CFO. Before working with Southern Water, Mick has worked as the Group Financial Controller for both United Utilities and Thames Water. He joined SGN on 29 January 2018. He will be responsible for managing the company’s financial risk, financial planning, budget management, cost-benefit analysis and securing new funding.
Commenting on his appointment, Mick said: “I’m excited to be joining such a fantastic company and I’m really looking forward to tackling the challenges ahead, namely GD2 as part of the next RIIO price control.”
Welcoming Mick to SGN, Chief Executive Officer John Morea said: “I’m delighted Mick has joined us as CFO and his financial expertise and wide experience in utilities make him a perfect fit for our company.”
The announcement follows the news that Chris Brook will be retiring after nearly ten years with SGN. Chris will be leaving the company at the end of this financial year in March 2018.
Following the appointment of his successor, Chris said: “It has been an absolute privilege to work for SGN and in particular for John Morea, the Executive team and our shareholders. I first met Mick nearly ten years ago at United Utilities and I’m sure he’ll prove to be a valuable addition to SGN.”
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