Shares in SSE have gained about 14% since Mr Phillips-Davies, 57, was promoted to the top job in 2013, peaking at an all-time high of 2,019p in September this year. The search for a new chief executive is underway. "Alistair has been an exceptional chief executive," Sir John said. "Over his 11 years as chief executive he has assembled a world-class team around him and created a legacy of critical clean electricity infrastructure. Until that successor is found, Mr Phillips-Davies says he remains "fully committed to growing the business".

Source: The Herald November 13, 2024 18:21 UTC