National Grid Management
Management criteria checks 2/4
National Grid's CEO is John Pettigrew, appointed in Apr 2016, has a tenure of 8.08 years. total yearly compensation is £7.25M, comprised of 14.9% salary and 85.1% bonuses, including company stock and options. directly owns 0.041% of the company’s shares, worth $19.96M. The average tenure of the management team and the board of directors is 1.6 years and 2.8 years respectively.
Key information
John Pettigrew
Chief executive officer
UK£7.2m
Total compensation
| CEO salary percentage | 14.9% |
| CEO tenure | 8.1yrs |
| CEO ownership | 0.04% |
| Management average tenure | 1.6yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
National Grid Faces New Challenges With Electrification Growth
May 01National Grid: Clean Energy Transition Continues
Jan 23National Grid: Grid Investments Could Power Growth
Nov 13National Grid: Regulators Cap Upside In The U.K.
Sep 26National Grid Is Becoming Interesting Again (Rating Upgrade)
Jul 11National Grid: Bearish Technicals After A Strong Late-2022 Rally
Jan 19Energy Is On The Frontline Of The War And National Grid Constitutes Europe's Salvo
Nov 07National Grid's Utility Upside
Sep 12National Grid: Solid Utility, But Limited Upside
Jun 28National Grid: Stable Yield And Results From Utilities At A High Price
Jun 17National Grid: A Hold For Now
Mar 31National Grid Insulated From RIIO Changes With U.S. Exposure
Feb 10National Grid: Upside Is There, But It's Still Expensive
Dec 03National Grid And The Electrification Of Everything
Sep 11National Grid: A Dividend Cut Appears Likely Despite Being A Utility
Jul 30National Grid: A 'Consistently Not Stupid' Buy
Jan 31National Grid Is The Clear Winner In The Dividend Bout Against Utility ConEd
Dec 03Dividend Safety Net Is Still A Concern As National Grid Shares Bounce Back
Nov 25National Grid goes ex-dividend tomorrow
Nov 24National Grid seeks higher revenue, 10.5% RoE for Mass gas business
Nov 16National Grid reports F1H results
Nov 12U.K. regulators considering National Grid breakup -Telegraph
Nov 09CEO Compensation Analysis
| 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 below average for companies of similar size in the US market ($USD13.53M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
CEO
John Pettigrew (55 yo)
8.1yrs
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 |
|---|---|---|---|---|
| CEO & Executive Director | 8.1yrs | UK£7.25m | 0.041% £ 20.0m | |
| CFO & Executive Director | 5.8yrs | UK£4.12m | 0.012% £ 6.0m | |
| Interim Group Chief Information & Digital Officer | 1.3yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Group General Counsel & Company Secretary | 3.3yrs | no data | no data | |
| Chief People & Culture Officer | 1.9yrs | no data | no data | |
| Group Chief Engineer | no data | no data | no data | |
| President of UK Electricity Transmission | 3.3yrs | no data | no data | |
| Chief Strategy & Regulation Officer | 1.3yrs | no data | no data | |
| Chief Commercial Officer of NGV North East Team | 1.2yrs | no data | no data | |
| President of UK Strategic Infrastructure | 1.1yrs | no data | no data | |
| U.S. Head of Corporate Affairs | less than a year | no data | no data |
1.6yrs
Average Tenure
53.5yo
Average Age
Experienced Management: NGG's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 10.1yrs | UK£7.25m | 0.041% £ 20.0m | |
| CFO & Executive Director | 5.3yrs | UK£4.12m | 0.012% £ 6.0m | |
| Independent Non-Executive Director | 5yrs | UK£169.00k | no data | |
| Non-Executive Chairman | 3.3yrs | UK£756.00k | 0.000050% £ 24.5k | |
| Independent Non-Executive Director | 2.7yrs | UK£129.00k | 0.00013% £ 63.7k | |
| Independent Non-Executive Director | 2.7yrs | UK£135.00k | 0.000060% £ 29.4k | |
| Independent Non-Executive Director | 5.3yrs | UK£145.00k | 0.000030% £ 14.7k | |
| Independent Non-Executive Director | 1.8yrs | UK£89.00k | no data | |
| Independent Non-Executive Director | 2.3yrs | UK£124.00k | no data | |
| Independent Non-Executive Director | less than a year | no data | no data | |
| Senior Independent Non-Executive Director | 2.8yrs | UK£143.00k | 0.000050% £ 24.5k |
2.8yrs
Average Tenure
59yo
Average Age
Experienced Board: NGG's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.