National Grid Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Zoe Yujnovich

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	no data
CEO ownership	n/a
Management average tenure	2.6yrs
Board average tenure	4.2yrs

Recent management updates

Recent updates

CEO

Zoe Yujnovich (50 yo)

no data

Tenure

Ms. Zoe A. Yujnovich is Chief Executive Officer of National Grid plc from November 17, 2025 and serves as its Director since September 01, 2025. She has been the Independent Non-Executive Director of Unile...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrew Agg	CFO & Executive Director	7.3yrs	UK£3.68m	0.018% € 11.3m
John Pettigrew	Executive Officer	no data	UK£6.10m	0.043% € 27.1m
Zoe Yujnovich	CEO & Director	no data	no data	no data
Talvis Love	Chief Information & Digital Officer	1.8yrs	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	3.4yrs	no data	no data
Alice Delahunty	President of UK Electricity Transmission	4.8yrs	no data	no data
Benjamin Wilson	President of National Grid Ventures	2.8yrs	no data	no data
Sarah Salati	Chief Commercial Officer of NGV North East Team	2.7yrs	no data	no data
Carl Trowell	President of UK Strategic Infrastructure	2.6yrs	no data	no data
Jim McGaugh	U.S. Head of Corporate Affairs	2.4yrs	no data	no data

2.6yrs

Average Tenure

55.5yo

Average Age

Experienced Management: NNGF's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrew Agg	CFO & Executive Director	6.8yrs	UK£3.68m	0.018% € 11.3m
Zoe Yujnovich	CEO & Director	less than a year	no data	no data
Jonathan Silver	Independent Non-Executive Director	6.5yrs	UK£124.00k	no data
Paula G. Reynolds	Non-Executive Chairman	4.8yrs	UK£775.00k	0.00046% € 292.3k
Martha Wyrsch	Independent Non-Executive Director	4.2yrs	UK£144.00k	0.00050% € 317.7k
Anthony Wood	Independent Non-Executive Director	4.2yrs	UK£124.00k	0.000050% € 31.8k
Earsel Shipp	Independent Non-Executive Director	6.8yrs	UK£136.00k	0.00012% € 76.3k
Iain Mackay	Independent Non-Executive Director	3.3yrs	UK£198.00k	no data
Anne Robinson	Independent Non-Executive Director	3.8yrs	UK£122.00k	no data
Jacqueline Patricia Ferguson	Independent Non-Executive Director	1.8yrs	UK£126.00k	no data
Ian Livingston	Senior Independent Non-Executive Director	4.3yrs	UK£190.00k	0.000050% € 31.8k

4.2yrs

Average Tenure

61yo

Average Age

Experienced Board: NNGF's board of directors are considered experienced (4.2 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/25 02:02
End of Day Share Price	2025/11/25 00:00
Earnings	2025/09/30
Annual Earnings	2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

National Grid plc is covered by 32 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gary Hovis	Argus Research Company
Dominic Nash	Barclays
Daniel Ford	Barclays

National Grid Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

National Grid plc, Annual General Meeting, Jul 09, 2025

National Grid plc Announces Chief Executive Succession Plan

National Grid Appoints Steve Smith as Chief Strategy and Regulation Officer

CEO & Executive Director recently sold €2.7m worth of stock

National Grid Announces Executive Changes

Recent updates

First half dividend of UK£0.16 announced

First half 2026 earnings released: EPS: UK£0.13 (vs UK£0.13 in 1H 2025)

National Grid plc Proposes Interim Dividend for the Year Ending 31 March 2026, Payable on 13 January 2026

National Grid plc to Report Fiscal Year 2026 Results on May 14, 2026

National Grid plc Provides Earnings Guidance for the Six Months Ended 30 September 2025

Centrica plc (LSE:CNA) and Energy Capital Partners, LLC entered into a sale and purchase agreement to acquire National Grid Grain LNG Limited/Thamesport Interchange Limited from National Grid plc (LSE:NG.).

Insufficient new directors

National Grid plc, Annual General Meeting, Jul 09, 2025

Final dividend of UK£0.31 announced

National Grid plc Recommends Final Dividend, Payable on July 17, 2025

Full year 2025 earnings released: EPS: UK£0.60 (vs UK£0.60 in FY 2024)

National Grid plc to Report First Half, 2026 Results on Nov 06, 2025

National Grid plc Announces Chief Executive Succession Plan

National Grid plc to Report Fiscal Year 2025 Results on May 15, 2025

Now 21% undervalued after recent price drop

Brookfield Asset Management Ltd. (TSX:BAM) and its institutional partners including Brookfield Renewable Partners L.P. (TSX:BEP.UN) agreed to acquire National Grid Renewables, LLC from National Grid plc (LSE:NG.) for an enterprise value of $1.7 billion.

Now 21% undervalued after recent price drop

New major risk - Shareholder dilution

Now 21% undervalued after recent price drop

National Grid Appoints Steve Smith as Chief Strategy and Regulation Officer

Now 21% undervalued

First half dividend of UK£0.16 announced

First half 2025 earnings released: EPS: UK£0.13 (vs UK£0.29 in 1H 2024)

Now 20% undervalued

Now 20% undervalued

CEO & Executive Director recently sold €2.7m worth of stock

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

CEO & Executive Director recently sold €2.1m worth of stock

Now 22% undervalued after recent price drop

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

Now 21% undervalued after recent price drop

New minor risk - Shareholder dilution

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

Investor sentiment deteriorates as stock falls 17%

Final dividend of UK£0.39 announced

National Grid plc Recommends Final Dividend

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

Full year 2024 earnings released: EPS: UK£0.60 (vs UK£0.74 in FY 2023)

National Grid plc Provides Earnings Guidance for the 2023/24

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

Now 20% undervalued

Upcoming dividend of UK£0.19 per share at 5.5% yield

First half 2024 earnings released: EPS: UK£0.29 (vs UK£0.33 in 1H 2023)

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

Now 20% undervalued after recent price drop

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

Upcoming dividend of UK£0.38 per share at 5.1% yield

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

Full year 2023 earnings released: EPS: UK£0.74 (vs UK£0.61 in FY 2022)

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.).

Upcoming dividend of UK£0.18 per share

First half 2023 earnings released: EPS: UK£0.31 (vs UK£0.10 in 1H 2022)

High number of new directors

First half 2023 earnings released: EPS: UK£0.31 (vs UK£0.10 in 1H 2022)

National Grid plc, Annual General Meeting, Jul 10, 2023

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Upcoming dividend of UK£0.34 per share

Full year 2022 earnings released