Thames Water Utilities Finance plc has announced the appointment of Sir Adrian Montague as Director and Chairman of Thames Water Utilities Ltd.
Sir Adrian will join the Board of Thames Water on 10 July 2023 succeeding Ian Marchant who announced in April this year his intention to step down once the Company had appointed his successor.
Sir Adrian Montague is currently Chairman of Cadent Gas Limited, and Porterbrook Holdings Limited. He was Chair of Anglian Water for five years between 2010 and 2015.
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.
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.”
Sir Adrian Montague commented:
“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.”
The announcement issued Thames Water described Sir Adrian as a “highly experienced Chair both of privately owned businesses and listed companies” with a very strong background as a lawyer, banker and Chair of large infrastructure businesses and investors. In addition, he “understands the water sector having been Chair of Anglian Water for five years between 2010 and 2015. “
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