National Grid Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

John Pettigrew

Chief executive officer

UK£7.2m

Total compensation

CEO salary percentage	14.9%
CEO tenure	8yrs
CEO ownership	0.04%
Management average tenure	1.5yrs
Board average tenure	2.7yrs

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 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 ($USD9.06M) is above average for companies of similar size in the German market ($USD5.66M).

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

CEO

John Pettigrew (55 yo)

8yrs

Tenure

UK£7,248,000

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	8yrs	UK£7.25m	0.041% £ 18.6m
Andrew Agg	CFO & Executive Director	5.8yrs	UK£4.12m	0.012% £ 5.6m
Shannon Soland	Interim Group Chief Information & Digital Officer	1.3yrs	no data	no data
Nicholas Ashworth	Director of Investor Relations	no data	no data	no data
Justine Campbell	Group General Counsel & Company Secretary	3.3yrs	no data	no data
William Serle	Chief People & Culture Officer	1.8yrs	no data	no data
David Wright	Group Chief Engineer	no data	no data	no data
Alice Delahunty	President of UK Electricity Transmission	3.3yrs	no data	no data
Benjamin Wilson	Chief Strategy & Regulation Officer	1.3yrs	no data	no data
Sarah Salati	Chief Commercial Officer of NGV North East Team	1.1yrs	no data	no data
Carl Trowell	President of UK Strategic Infrastructure	less than a year	no data	no data
Jim McGaugh	U.S. Head of Corporate Affairs	less than a year	no data	no data

1.5yrs

Average Tenure

53.5yo

Average Age

Experienced Management: NNGF's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
John Pettigrew	CEO & Executive Director	10yrs	UK£7.25m	0.041% £ 18.6m
Andrew Agg	CFO & Executive Director	5.3yrs	UK£4.12m	0.012% £ 5.6m
Jonathan Silver	Independent Non-Executive Director	4.9yrs	UK£169.00k	no data
Paula G. Reynolds	Non-Executive Chairman	3.3yrs	UK£756.00k	0.000050% £ 22.8k
Martha Wyrsch	Independent Non-Executive Director	2.6yrs	UK£129.00k	0.00013% £ 59.2k
Anthony Wood	Independent Non-Executive Director	2.6yrs	UK£135.00k	0.000060% £ 27.3k
Earl Shipp	Independent Non-Executive Director	5.3yrs	UK£145.00k	0.000030% £ 13.7k
Iain Mackay	Independent Non-Executive Director	1.8yrs	UK£89.00k	no data
Anne Robinson	Independent Non-Executive Director	2.3yrs	UK£124.00k	no data
Jacqueline Patricia Ferguson	Independent Non-Executive Director	less than a year	no data	no data
Ian Livingston	Senior Independent Non-Executive Director	2.7yrs	UK£143.00k	0.000050% £ 22.8k

2.7yrs

Average Tenure

59yo

Average Age

Experienced Board: NNGF's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

National Grid Management

Management criteria checks 1/4

Key information

Recent management updates

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

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

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

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

Recent updates

Now 22% undervalued after recent price drop

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)

Now 22% undervalued after recent price drop

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

Now 21% undervalued after recent price drop

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.).

National Grid plc Announces Board Changes

Upcoming dividend of UK£0.18 per share

High number of new directors

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

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

Now 20% undervalued after recent price drop

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

Upcoming dividend of UK£0.34 per share

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

Full year 2022 earnings released

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

Now 20% undervalued

National Grid plc Announces Mark Williamson Step Down as Director

Upcoming dividend of UK£0.17 per share

Upcoming dividend of UK£0.17 per share

First half 2022 earnings released: EPS UK£0.10 (vs UK£0.14 in 1H 2021)

Independent Non-Executive Director Paul Golby has left the company

High number of new directors

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

Full year 2021 earnings released: EPS UK£0.47 (vs UK£0.37 in FY 2020)

Non Executive Chairman Peter Gershon has left the company

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

Upcoming dividend of UK£0.32 per share

Full year 2021 earnings released: EPS UK£0.47 (vs UK£0.37 in FY 2020)

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

New 90-day high: €10.72

First half 2021 earnings released: EPS UK£0.17

Revenue beats expectations

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

New 90-day high: €10.40

New 90-day high: €10.28

New 90-day low: €9.11

New 90-day low - €9.43

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure