Thames Water finance chief to leave company within days

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Thames Water finance chief to leave company within days

//business-finance.news-articles.net/content/202 .. -finance-chief-to-leave-company-within-days.html

Published in Business and Finance on Friday, March 28th 2025 at 15:00 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

By Sarah Young LONDON -Thames Water, Britain's biggest water supplier, said its chief financial officer Alastair Cochran would leave within days, an abrupt change at the top of the utility as it battles to avoid financial collapse.

The finance chief of Thames Water, Alastair Cochran, is set to leave the company within days, amidst ongoing financial and operational challenges. Thames Water, which serves 15 million customers, has been under scrutiny due to its significant debt and environmental issues, including sewage discharges into rivers. Cochran's departure comes at a critical time as the company navigates through a turnaround plan aimed at improving its financial stability and infrastructure. His exit follows the resignation of CEO Sarah Bentley in June, highlighting a period of leadership transition for the utility firm. Cochran will be replaced by CFO designate, who will take over to steer the company through its recovery efforts.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/money/other/thames-water-finance-chief-to-leave-company-within-days/ar-AA1BQxjN ]

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