PPL Corp. (PPL) announced that the CEO of International Power, a global independent power producer, will join PPL's board of directors April 1.
Philip G. Cox, who has served as CEO of International Power since 2003, will join the PPL board after retiring from International Power in March.
A graduate of Queens' College, Cambridge University, Cox began his professional career at Price Waterhouse in 1973. After four years there, he accepted an internal auditing position at Lucas Industries, where he progressed to chief accountant for the company's fluid power division.
He also served in several positions, including managing director, at a British engineering and leisure products firm before moving to Siebe PLC as group financial controller. He advanced to chief financial officer at Siebe before it merged with BTR to form Invensys plc.
He served as Invensys' senior vice president, operational planning, before joining International Power as chief financial officer in 2000. International Power is a leading global independent power producer with operations in Latin America, North America, the U.K., Europe, the Middle East, Africa, Asia and Australia.
Cox serves as an outside director of Wm Morrison Supermarkets in the U.K. and Meggitt PLC, a U.K. engineering company that specializes in aerospace equipment.
He will serve on the finance committee and nuclear oversight committee of PPL's board. Cox's appointment will bring PPL's board membership to 12, 11 of whom are outside, independent directors.
PPL Corp., with annual revenue of more than $12 billion, is one of the largest companies in the U.S. utility sector. The PPL family of companies delivers electricity and natural gas to about 10 million customers in the U.S. and the U.K., owns more than 18,000 MW of generating capacity in the U.S. and sells energy in key U.S. markets.