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.”
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