Fraser appointed CEO at Cadent

Fraser appointed CEO at Cadent

17 June 2019

Channel: People & skills

Steve Fraser has been appointed as the new chief executive officer of Cadent.

Fraser, who is currently the chief operating officer at United Utilities, will join Cadent in the autumn.

In a statement Cadent said: "Steve brings a wealth of experience to Cadent in leading teams through change, managing and transforming infrastructure businesses. He will lead Cadent on the next step of its journey, to put the customer at the heart of everything it does, beyond the RIIO1 regulatory period into RIIO2." 

Steve Hurrell will continue as the interim CEO until the autumn, and then return to his role as chief financial officer.  Hurrell became the interim CEO in February this year after Chris Train, OBE confirmed his plans to retire.

DISCUSSION

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Cadent has agreed to pay £24 million and establish a £20m community fund after an intervention from energy regulator Ofgem over three serious failings.

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National Grid has agreed to the potential sale of its 25% stake in Cadent, its former gas distribution business, to Quadgas.

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Ofgem has launched an investigation into whether Cadent failed to keep records of gas pipes (risers) in some blocks of flats that are part of its network.