Thames Water Utilities Appoints New CEO

Thames Water Utilities has recently announced the appointment of Chris Weston as the new Chief Executive Officer, effective January 8th. Weston will be taking over from Sarah Bentley, who resigned earlier this year.

As one of the largest water utilities in the UK, Thames Water serves approximately 15 million customers throughout London and the Thames Valley. In addition to his role as CEO, Weston will receive a generous compensation package, consisting of a salary of £850,000 ($1.1 million) per year, a pension allowance equivalent to 12% of his salary, and a car allowance of £15,000 per year.

Furthermore, Weston will have the opportunity to participate in the company's performance-related pay plan. With a target performance, he can potentially earn up to 156% of his salary.

Prior to joining Thames Water, Weston held the position of CEO at Aggreko, and he boasts an impressive 13-year tenure in various leadership roles at Centrica, the company that owns British Gas.

Thames Water initially announced Bentley's resignation on June 27th. Following her departure, Alastair Cochran and Cathryn Ross were appointed as joint interim CEOs.