Maria, aged 48, served with Morgan Stanley between 1993-2002, most recently as Managing Director of Corporate Finance Retail Group and, prior to this, as Managing Director of Investment Banking in the Southern Cone of Latin America, and as Executive Director and Head of Independent Power and Structured Finance Business. Previous appointments include Vice-President of Independent Power Group for Salomon Brothers, and Vice-President of Prudential Capital Corporation and Power Funding Associates. She is currently a Director of the Western Electricity Coordinating Council, one of 10 Councils in North America responsible for promoting electricity system reliability.
Commenting on the appointment, Sir John Parker, Chairman of National Grid Transco, said: “We welcome Maria to the Board. Her extensive knowledge and experience of the US financial and energy markets will complement the strengths of our team of Directors.”
National Grid Transco
National Grid Transco plc is a leading international energy delivery business. It is the largest utility in the UK. Through National Grid, the group owns and operates the electricity transmission network in England and Wales, and through Transco, it owns and operates Britain's gas transportation network. National Grid USA is one of the top ten electricity companies in the US, with the largest electricity transmission and distribution network in the New England/New York market. It also operates a gas distribution network in New York.
A photograph of Maria Richter is available at www.newscast.co.uk.
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