SSE senior executive Colin Hood stands down
The chief operating officer of one of Scotland's leading companies is to step down from its board next year.
Colin Hood is leaving Scottish & Southern Energy (SSE) after eight years in the position, working under chief executive Ian Marchant.
The company has announced that his departure is part of a shake-up of senior managers at the Perth-based utility.
Mr Hood earned more than £1m in recent years.
He is to complete a review of major investment projects for SSE, with his departure date yet to be set. Mr Marchant will then take over responsibility for major projects.
Other of his responsibilities are to be taken on by fellow executive directors Gregor Alexander, the finance director, and energy supply director Alistair Phillips-Davies.
A new management board is being created as well, comprised of three board level members and six others.
Lord Smith of Kelvin, chairman of SSE, said: "SSE is continually evolving and it now makes sense for one executive director to have responsibility for our integrated generation and supply business and other market-based businesses, and for one to have responsibility for a range of group services, and this is the model we are adopting."
He added: "Colin Hood has given outstanding service to the UK's energy industry for over 30 years and has been hugely successful in his central leadership role in SSE over the last decade.
"Before leaving, he has agreed to complete the re-structuring of SSE's large capital projects which he has led and which is providing such firm foundations for long-term success in this key area."
Mr Hood said: "I've always been very proud to work in the energy industry, to work for what I believe is the best company in it, and to work with so many excellent and dedicated people.
"Our main challenge over the past 18 months has been making sure that our management of large capital projects is on the strongest possible footing. That's the job I'm now focusing on completing before stepping down from the board next year."