PPL Corporation (NYSE:PPL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Election of Director

On January 18, 2018, the Board of Directors ("Board") of PPL Corporation ("PPL" or the "Company") elected Phoebe A. Wood a director of the Company for a term expiring at the Company's Annual Meeting of Shareowners in May 2018.

Ms. Wood is Principal of CompaniesWood, a consulting firm specializing in early stage investments, a position she has held since 2008. She is the former Vice Chairman and Chief Financial Officer of Brown-Forman Corporation, a diversified consumer products manufacturer, a position she held from 2006 to 2008. Prior to this, she served as Executive Vice President and Chief Financial Officer from 2001 to 2006. Before joining Brown-Forman Corporation, Ms. Wood served as Vice President and Chief Financial Officer, and a director, of Propel Corporation, a telecom subsidiary of Motorola, Inc., from 2000 to 2001. Previously, Ms. Wood served in various financial management capacities during her almost 24-year tenure at Atlantic Richfield Company (now BP). Ms. Wood serves on the boards of Invesco Ltd., Leggett & Platt, Incorporated, and Pioneer Natural Resources Company. Ms. Wood will serve as a member of the Board's Compensation, Governance and Nominating Committee.The Board has determined that Ms. Wood satisfies the requirements for "independence" as set forth in the Company's Independence Guidelines and the applicable rules of the New York Stock Exchange.

As a non-employee director, Ms. Wood will receive the same compensation paid to other non-employee directors of PPL in accordance with the policies and procedures previously approved by the Board for non-employee directors.There were no arrangements or understandings to which Ms. Wood was elected, nor are there any relationships or related transactions between the Company and Ms. Wood to be disclosed under applicable rules of the Securities and Exchange Commission.

Section 7 – Regulation FD

Item 7.01 Regulation FD Disclosure

On January 18, 2018, the Company issued a press release announcing Ms. Wood's election.A copy of that press release is furnished as Exhibit 99.1 to this Report.

Section 9 – Financial Statements and Exhibits

PPL Corp Exhibit
EX-99.1 2 ppl-01182018exhibit991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1news release www.pplnewsroom.com   Contacts:For news media: Ryan Hill,…
To view the full exhibit click here

About PPL Corporation (NYSE:PPL)

PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. It operates through three segments: U.K. Regulated Segment, Kentucky Regulated Segment and Pennsylvania Regulated Segment. The U.K. Regulated Segment comprises PPL Global, which includes PPL WPD Limited and its subsidiaries’ regulated electricity distribution operations, among others. The Kentucky Regulated segment consists of the operations of LG&E and KU Energy LLC, a subsidiary of PPL, which owns and operates regulated public utilities engaged in the generation, transmission, distribution and sale of electricity and distribution and sale of natural gas. The Pennsylvania Regulated segment consists of the operations of PPL Electric Utilities Corporation, which distributes and transmits electricity.