Board changes at Thames Water
Thames Water has announced two changes to its executive board, with Chief Financial Officer Stuart Siddall retiring and Strategy and Regulation Director Nick Fincham joining the board.
Fincham, 45, has been the company’s Strategy and Regulation Director, and a member of the company’s Executive Team, since April 2011. He will continue in these roles and now joins the board as an Executive Director. He oversaw the preparation of the company's business plans ensuring that these were centred on the needs of the customer.
Stuart Siddall, 62, has been Thames Water’s Chief Financial Officer, an Executive Director on the Board, and a member of the Executive Team since September 2011. He has had a 40-year career in corporate finance and has held five successive CFO appointments since 1990. Siddall will work alongside the company’s new Chief Executive, to be named shortly, until the end of the year and will then retire. A search for his successor as CFO will start once the new Chief Executive is in post.
Thames’s chairman Sir Peter Mason said: “Stuart Siddall has been a strong and effective CFO, playing a major role in increasing the resources directed to front-line services benefitting customers. He has also taken a strong lead in increasing transparency and explaining the company’s finances.
“Stuart has always made it clear that he would want to stand down from full-time roles about now and we wish him well in his retirement. Nick Fincham has been a highly effective member of the Executive Team, including leading the way in the last regulatory price review, and we are delighted to welcome him to the Board.”
- Thames seeks planning permission for £250M Deephams STW upgrade Edmonton residents should be able to breathe easier if Enfield council gives the nod to a revised £250M upgrade of... Read More >
- Thames Water steps up fight on FOG Thames Water has launched a campaign to encourage food outlets to effectively manage waste fats, oils and grease (FOG). Read More >
- Fresh grease hampers Thames Water fixing 'fatberg' sewer Thames Water admits efforts to fix a "fat-damaged sewer" in London Road, Kingston are being hampered by tonnes... Read More >
- Data Protection and Brexit - Is your organisation prepared? Guidance to help businesses and charities continue to comply with data protection law after the UK leaves the EU Read More >
- Ofwat's assessments keep water companies in check The regulator's initial assessment of water companies' business plans reveals that a tight financial settlement is on the... Read More >
- Opinion: How will the UK protect the environment after Brexit? The Draft Environment (Principles & Governance) Bill leaves several unanswered questions about the enforcement of the... Read More >
- Ofwat's PR19 assessments: How the industry reacted After Ofwat published its initial assessments of water companies' business plans for 2020-25, we look at the responses... Read More >
- Preparing for better phosphorus removal in AMP7 In order to meet the more stringent phosphorus removal requirements expected in 2020- 25, wastewater utilities will need to... Read More >