SSE chief Ian Marchant to step down in the summer

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The chief executive for the UK energy firm SSE is set to step down in the summer.

Ian Marchant announced that his current deputy, Alistair Phillips-Davies, would be replacing him following his departure.

Mr Marchant, said: "the time is right for a change for both SSE and me."

He had been head of SSE for over a decade, taking over the reins in 2002.

Scottish and Southern Energy, now more commonly known as SSE, is the second largest supplier of energy in the UK with five million electricity customers as well as 3.4 million gas customers. The company is also a major investor in wind farms.

The firm, which is part of the Warm Home Discount Scheme, bumped up its energy prices by nine per cent in mid-October last year.

SSE then went on to announce a 40% increase in first half profits - causing somewhat of a stir with a number of its customers who had seen their bills go up only the month before.

The news comes after earlier this month, British Gas managing director, Phil Bentley, also confirmed that he would be stepping down from his role at the energy firm at some stage in the upcoming months.

There was some criticism of the firm however, as reports suggested Mr Bentley was expected to leave with a £10m send off.

SSE has been quick to avoid similar murmurs of discontent amongst their customers - suggesting that Mr Marchant would not be receiving a similar pay off when he leaves.

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