British utility SSE says CEO Ian Marchant to step down

Wed Jan 23, 2013 7:21am EST

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Jan 23 (Reuters) - British utility SSE Plc said Chief Executive Ian Marchant would step down after a decade at the helm and deputy CEO Alistair Phillips-Davies would succeed him on July 1.

The company also said Finance Director Gregor Alexander would have an expanded role, supporting the CEO.

Phillips-Davies, appointed deputy CEO last year, joined SSE's predecessor company, Southern Electric, in 1997.