Affinity Water has announced that Simon Cocks has advised the Board of his intention to step down as Chief Executive of Affinity Water and director of the company before the end of 2018.
The water company has that also announced that Dr Philip Nolan has informed the Board that he plans to step down as Chairman of Affinity Water. He will remain as Chairman while his successor is found.
To provide continuity, Simon Cocks will serve Affinity Water as a non-executive director, following the appointment of his successor.
Simon Cocks commented:
“As a business we have undertaken a significant amount of work over this price review period and I am proud of the progress we have made. Our people have worked hard to position the business to successfully deliver our enhanced business plan and build strong capability for the future.
“We are making this announcement now in order to allow time to secure a Chief Executive Officer to take Affinity Water through the next price review in 2019 and to successfully deliver the next 5 year business plan out to 2025. I look forward to contributing to the future success of Affinity Water and supporting our business as a non-executive director.”
The Affinity Water Nomination Committee, working with shareholders, is leading the search to appoint successors.
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