Future Of British Business
Thames Water Names New CEO as It Seeks to Restore Finances
- Chris Weston will take over January 8: Company statement
- Utility is racing to secure more equity amid rising debt pile
Source: Thames Water Ltd.
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The UK’s biggest water and sewage company has named a new chief executive officer in an effort to restore public confidence and drive the company’s financial turnaround.
Thames Water Ltd. appointed Chris Weston its new chief executive officer starting on Jan. 8, according to a company statement on Thursday. He will replace acting co-CEOs Cathryn Ross and Alastair Cochran.