National Grid Management

Management criteria checks 2/4

National Grid's CEO is John Pettigrew, appointed in Apr 2016, has a tenure of 8.58 years. total yearly compensation is £6.35M, comprised of 17.7% salary and 82.3% bonuses, including company stock and options. directly owns 0.039% of the company’s shares, worth ARS23.98B. The average tenure of the management team and the board of directors is 1.8 years and 3.3 years respectively.

Key information

John Pettigrew

Chief executive officer

UK£6.4m

Total compensation

CEO salary percentage	17.7%
CEO tenure	8.6yrs
CEO ownership	0.04%
Management average tenure	1.8yrs
Board average tenure	3.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Pettigrew's remuneration changed compared to National Grid's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	UK£2b
Jun 30 2024	n/a	n/a	UK£2b
Mar 31 2024	UK£6m	UK£1m	UK£2b
Dec 31 2023	n/a	n/a	UK£2b
Sep 30 2023	n/a	n/a	UK£3b
Jun 30 2023	n/a	n/a	UK£3b
Mar 31 2023	UK£7m	UK£1m	UK£3b
Dec 31 2022	n/a	n/a	UK£3b
Sep 30 2022	n/a	n/a	UK£3b
Jun 30 2022	n/a	n/a	UK£3b
Mar 31 2022	UK£7m	UK£1m	UK£2b
Dec 31 2021	n/a	n/a	UK£2b
Sep 30 2021	n/a	n/a	UK£1b
Jun 30 2021	n/a	n/a	UK£1b
Mar 31 2021	UK£5m	UK£1m	UK£1b
Dec 31 2020	n/a	n/a	UK£1b
Sep 30 2020	n/a	n/a	UK£1b
Jun 30 2020	n/a	n/a	UK£1b
Mar 31 2020	UK£5m	UK£1m	UK£1b
Dec 31 2019	n/a	n/a	UK£1b
Sep 30 2019	n/a	n/a	UK£1b
Jun 30 2019	n/a	n/a	UK£1b
Mar 31 2019	UK£5m	UK£944k	UK£1b
Dec 31 2018	n/a	n/a	UK£2b
Sep 30 2018	n/a	n/a	UK£3b
Jun 30 2018	n/a	n/a	UK£3b
Mar 31 2018	UK£4m	UK£887k	UK£4b

Compensation vs Market: John's total compensation ($USD8.06M) is above average for companies of similar size in the AR market ($USD5.72M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Pettigrew (56 yo)

8.6yrs

Tenure

UK£6,353,000

Compensation

Mr. John Pettigrew, FEI, FIET, has been Chief Executive Officer at National Grid USA since April 01, 2016. Mr. Pettigrew has been the Chief Executive Officer at National Grid plc since April 1, 2016 and as...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Pettigrew	CEO & Executive Director	8.6yrs	UK£6.35m	0.039% ARS 24.0b
Andrew Agg	CFO & Executive Director	6.3yrs	UK£3.70m	0.015% ARS 9.4b
Talvis Love	Chief Information & Digital Officer	less than a year	no data	no data
Angela Broad	Director of Investor Relations	no data	no data	no data
Justine Campbell	Chief Legal officer	no data	no data	no data
William Serle	Chief People & Culture Officer	2.4yrs	no data	no data
David Wright	Group Chief Engineer	no data	no data	no data
Alice Delahunty	President of UK Electricity Transmission	3.8yrs	no data	no data
Benjamin Wilson	President of National Grid Ventures	1.8yrs	no data	no data
Sarah Salati	Chief Commercial Officer of NGV North East Team	1.7yrs	no data	no data
Carl Trowell	President of UK Strategic Infrastructure	1.6yrs	no data	no data
Jim McGaugh	U.S. Head of Corporate Affairs	1.4yrs	no data	no data

1.8yrs

Average Tenure

55yo

Average Age

Experienced Management: NGG's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
John Pettigrew	CEO & Executive Director	10.6yrs	UK£6.35m	0.039% ARS 24.0b
Andrew Agg	CFO & Executive Director	5.8yrs	UK£3.70m	0.015% ARS 9.4b
Jonathan Silver	Independent Non-Executive Director	5.5yrs	UK£134.00k	no data
Paula G. Reynolds	Non-Executive Chairman	3.8yrs	UK£756.00k	0.00046% ARS 286.3m
Martha Wyrsch	Independent Non-Executive Director	3.2yrs	UK£131.00k	0.00066% ARS 410.8m
Anthony Wood	Independent Non-Executive Director	3.2yrs	UK£127.00k	0.000050% ARS 31.1m
Earl Shipp	Independent Non-Executive Director	5.8yrs	UK£135.00k	0.00015% ARS 93.4m
Iain Mackay	Independent Non-Executive Director	2.3yrs	UK£165.00k	no data
Anne Robinson	Independent Non-Executive Director	2.8yrs	UK£127.00k	no data
Jacqueline Patricia Ferguson	Independent Non-Executive Director	less than a year	UK£28.00k	no data
Ian Livingston	Senior Independent Non-Executive Director	3.3yrs	UK£162.00k	0.000050% ARS 31.1m

3.3yrs

Average Tenure

60yo

Average Age

Experienced Board: NGG's board of directors are considered experienced (3.3 years average tenure).

National Grid Management

Management criteria checks 2/4

Key information

Recent management updates

National Grid Appoints Steve Smith as Chief Strategy and Regulation Officer

National Grid Announces Executive Changes

National Grid Appoints Julian Baddeley as Group Company Secretary, with Effect from 1 July 2024

National Grid plc Announces Board Changes

National Grid Announces Alisha Collins as Director, Community Impact & Engagement in New England

National Grid plc Announces Director & Committee Changes

Recent updates

National Grid Appoints Steve Smith as Chief Strategy and Regulation Officer

National Grid plc Provides Earnings Guidance for the Six Months Ended September 30, 2024

A consortium of investors led by Macquarie Asset Management completed the acquisition of the remaining 20% equity interest in National Gas Transmission Plc from National Grid plc (LSE:NG.).

National Grid Announces Executive Changes

National Grid Appoints Julian Baddeley as Group Company Secretary, with Effect from 1 July 2024

National Grid plc(LSE:NGPN) dropped from FTSE 100 Index

National Grid plc Recommends Final Dividend

National Grid plc has filed a Follow-on Equity Offering in the amount of £7.001146 billion.

National Grid plc to Report Fiscal Year 2024 Results on May 23, 2024

National Grid plc Announces Board Changes

National Grid plc Approves Interim Dividend, Payable on 11 January 2024

National Grid Receives $50 Million Grant from the U.S. Department of Energy

National Grid Announces Alisha Collins as Director, Community Impact & Engagement in New England

National Grid plc to Report First Half, 2024 Results on Nov 09, 2023

National Grid plc Announces Director & Committee Changes

National Grid Announces Lisa Wieland as President of its New England business

National Grid Appoints Jim McGaugh as U.S. Head of Corporate Affairs

National Grid plc Proposes Final Dividend for the Year Ended March 31, 2023, Payable on August 9, 2023

Thérèse Esperdy Decides to Step Down from the Board of National Grid as Non-Executive Director, Effective 31 December 2023

British Columbia Investment Management Corporation and Macquarie Asset Management Inc. completed the acquisition of a 60% stake in National Grid Gas from National Grid plc (LSE:NG.).

National Grid plc Announces Board Changes

National Grid plc Approves Interim Dividend, Payable on 11 January 2023

DT Midstream, Inc. (NYSE:DTM) completed the acquisition of an additional 26.25% ownership interest in Millennium Pipeline from National Grid plc (LSE:NG.).

DT Midstream, Inc. (NYSE:DTM) completed the acquisition of an additional 26.25% ownership interest in Millennium Pipeline from National Grid plc (LSE:NG.).

DT Midstream, Inc. (NYSE:DTM) has entered into an agreement to acquire an additional 26.25% ownership interest in Millennium Pipeline from National Grid plc (LSE:NG.) for approximately $550 million.

National Grid plc Appoints Iain Mackay as Director

National Grid plc to Report Q2, 2023 Results on Nov 10, 2022

National Grid plc Provides Earnings Guidance for the 2022/23

British Columbia Investment Management Corporation and Macquarie Asset Management Inc. signed an agreement to acquire a 60% stake in UK gas transmission and metering business of National Grid plc from National Grid plc (LSE:NG.) for £9.6 billion.

British Columbia Investment Management Corporation and Macquarie Asset Management Inc. signed an agreement to acquire a 60% stake in UK gas transmission and metering business of National Grid plc from National Grid plc (LSE:NG.) for £9.6 billion.

Macquarie Reportedly Weighs Bid for Stake in National Grid's Gas Unit

National Grid plc Announces Mark Williamson Step Down as Director

National Grid plc (LSE:NG.) completed the acquisition of Western Power Distribution plc from PPL WPD Investments Limited.

National Grid Launches Electric Vehicle Road Trip to Highlight Northeast Charging Infrastructure

National Grid plc Recommends Final Dividend for Fiscal 2021

National Grid plc (LSE:NG.) entered into a sale and purchase agreement to acquire Western Power Distribution plc from PPL WPD Investments Limited for £7.8 billion.

National Grid plc Announces Board Changes, Effective 1 April 2021

Sir Peter Gershon Steps Down as Chair of the Nominations Committee of National Grid plc with Effect from 1 January 2021

National Grid plc, Annual General Meeting, Jul 26, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age