It has been reported that Stuart Siddall, the present Chief Financial Officer for Thames Water, is set to retire at the close of the year. This will see Stuart Siddall working with the soon to be announced new Chief Executive in the build up to the end of the year before moving on.
Highlighting Stuart Stuart Siddall as “strong and effective”, Peter Mason, Thames Water’s Chairman commented on his key role in increasing those resources supporting the front line services existing for the benefit of the customer. Stuart Siddall has also been praised as a “strong lead” in improvements made to transparency, making great ground in better displaying company finance.
“Stuart has always made it clear that he would want to stand down from full-time roles about now and we wish him well in his retirement,” explained Peter Mason, and with Stuart Siddall having a long running history of supporting Thames Water, it is sure that he will be missed, and the company’s efforts to source a replacement will commence upon the finalisation of the appointment of the company’s new Chief Executive.
Most specifically, Stuart Siddall has worked in a number of core roles dating back to 2011, including that of his most current role of Chief Financial Officer, as well as in being on the board as an Executive Director and also a member of the executive team. This forms only a small portion, however, of his extensive 40 year career in the arena of corporate finance, having held five successive appointments in the role of Chief Financial Officer going back to 1990.
Also announced has been the addition of Nick Fincham, Strategy and Regulation Director, to the board in the position of executive director, recognising his successful role in the executive team and “leading the way” in the most recent regulatory price review.