Electricity North West begins search for new chief financial officer

Electricity North West, the Stockport-based infrastructure provider, has begun the recruitment process for a new chief financial officer.

It announced today that current incumbent , David Brocksom, is to retire on June 30, this year.

A board statement to the London stock exchange today, said: “The board of directors of Electricity North West Limited (ENWL) today announces that the chief financial officer of Electricity North West Limited, and director of ENW Finance plc, David Brocksom, is to retire.

“David has confirmed his intention to retire on 30 June 2023. The board has already started the search for a new chief financial officer.”

Mr Brocksom has been a director of ENWL since October 2015, having been involved with the business since 2013.

The search for the new CFO has commenced and the company said it will update further on developments in this regard in due course.

Alistair Buchanan, company chairman, said: “David has not just been a fine CFO for Electricity North West Limited but a highly valued member of the board.

“His fine grasp of economics combined with his wide industrial insights were immensely helpful to the board as the company transitioned to a higher performing DNO.

“He also provided great continuity and stability during both the changes of owners in 2019 and the change of CEO in 2022.”

Ian Smyth, chief executive officer, said: “David has been an important part of the success of ENWL.

“Today, ENWL delivers the lowest cost service with the least number of power interruptions in the UK. David will be missed but will always be part of the ENWL family.”

Siôn Jones, chief operating officer, Equitix, one of the company’s shareholders, said: “David in his role as CFO, has provided assurance, stability and confidence to shareholders over the years.

“We thank him for helping us grow the business and we wish him well in his retirement from full time work.”