Thames Water has announced the appointment of Sir Adrian Montague, former Chair of Anglian Water for five years between 2010 and 2015, as Director and Chairman - Sir Adrian will join the Board of Thames Water on 10 July 2023 succeeding Ian Marchant.
Ian Marchant announced in April this year his intention to step down once the company had appointed his successor.
Commenting on his appointment, Sir Adrian said:
“It is a privilege to join the Board of Thames Water and follow Ian as Chairman. I very much enjoyed my previous role in the water industry and am pleased to be re-joining the sector at a critical time given the challenges it currently faces. I now look forward to working with the Board and Executive team and with Thames Water’s regulators, to focus on the Company’s turnaround plan and its future financing needs.”
Sir Adrian Montague is currently Chairman of Cadent Gas Limited, and Porterbrook Holdings Limited. He has been Chair of Manchester Airports Group since 2014, but is retiring from that position in September 2023 on completion of 9 years’ service. He has previously held a number of Chairman roles including Anglian Water Group Limited, Aviva plc, British Energy plc and 3i Group plc.
With a very strong background as a lawyer, banker and Chair of large infrastructure businesses and investors, Sir Adrian is a highly experienced Chair both of privately owned businesses and listed companies. He also understands the water sector, having been Chair of Anglian Water for five years between 2010 and 2015.
From 2003 to 2010 he was Chair of British Energy, leading that company’s restructuring, recovery and eventual sale to EdF.
Ian Marchant, outgoing Chairman of Thames Water said:
“I am delighted to be handing the Chair reins to Adrian as my successor. Adrian’s breadth of experience and deep knowledge of infrastructure businesses and the utilities sector, particularly the water industry stand him in an excellent position to succeed me and lead the Thames Water Board. Adrian also has extensive experience in the UK regulatory framework of the utilities and water sector.”
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