Chris Hogg is set to step down as chief executive officer of the National Grid UK Pension Scheme (NGUKPS) during the summer.
Since joining the scheme, Hogg has led a transformation of the scheme’s governance structure and its support function, building a high-quality team and materially increasing the trustees’ capability to focus on key decisions as well as engancing sponsor/trustee relations.
He has also driven an increased focus on risk management and, in conjunction with the trustee board and sponsor has overseen de-risking which has significantly increased funding security.
He has recently led a project which saw NGUKPS outsource investment management to Russell Investments in a £13bn mandate.
As part of the mandate, Russell Investments will provide the scheme with portfolio management capabilities, strategic advice and in-depth risk monitoring and reporting, including delivering on the scheme’s ESG obligations and preferences.
Hogg said: “Since taking over as chief executive my focus has been on building the strongest possible foundation for the scheme and best-in-class service for its members.”
He added: “Working with the trustees, sponsor and an exceptional support team, I’m very proud of what we have achieved during this period and look forward to seeing the scheme continue to go from strength to strength over the coming years.”
NGUKPS chair Chris Martin added: “We are incredibly grateful for Chris’s leadership and support since joining the scheme as CEO in 2018 and would like to pass on our sincere thanks and gratitude for his stewardship during this period.
“The trustees are delighted with the results that have been achieved and Chris leaves the scheme in a strong position for its next phase, as it continues delivering and securing members’ benefits. We wish Chris every success in his future endeavours.”
NGUKPS has not confirmed whether it has started searching for a replacement. IPE could not immediately confirm Hogg’s next career move.
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