Vincent De Rivaz, the veteran boss of EDF Energy, will step down from the French energy group at the end of October this year.
The longest-serving Big Six boss will be replaced within EDF’s UK business by Simone Rossi, a former chief financial officer at EDF Energy, from November as part of an executive reshuffle across the group. Mr Rossi has been in charge of EDF’s international division since 2015.
Mr De Rivaz has been with the French state-backed energy giant for forty years and has stood at the helm of the UK business since 2002.
At first he was chief executive of the London Electricity Group before it merged with Seeboard and the Eastern Network to become EDF Energy in 2003.
In an internal message to staff Mr De Rivaz said the decision to leave had been taken several months ago and the announcement put on hold until a successor had been chosen.