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Thames Water Rescue: New Directors Tapped
24 Aug
Summary
- Senior creditors selected initial directors for Thames Water's rescue.
- Proposed non-executives include Mike McTighe and Bernadette Kelly.
- New board aims to oversee a 10-year turnaround for the utility.
A group of senior creditors for the struggling British utility Thames Water has put forward an initial selection of directors. This action is contingent on the successful completion of the company's rescue deal.
Proposed non-executive directors include notable individuals such as Mike McTighe, Liz Barber, Clive Selley, and Bernadette Kelly. These individuals are slated to join the Thames Water board.
The London & Valley Water consortium stated that the proposed directors will guide Thames Water's extensive 10-year turnaround strategy. Their mandate includes a comprehensive transformation aimed at benefiting customers and the public interest.
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