Thames Water Creditors Name New Board Under Rescue Proposal
Senior Creditors Announce Proposed Board for Thames Water
Background on Thames Water's Financial Struggles
Aug 24 (Reuters) - A group of senior creditors of struggling British utility Thames Water said on Monday it had picked an initial cohort of directors to lead the debt-laden company if its rescue deal goes through.
Details of the Proposed Board
Named Non-Executive Directors
Mike McTighe, Liz Barber, Clive Selley and Bernadette Kelly are among the proposed non-executive directors for the Thames Water board, the London & Valley Water consortium said.
Board's Mission and Responsibilities
Overseeing the Turnaround Plan
"It is proposed that these individuals will join the Thames Water board to oversee Thames Water's 10-year turnaround and deliver a comprehensive transformation of Thames Water in the interest of customers and the public," the consortium said.
Reporting and Editorial Credits
(Reporting by Prerna Bedi in Bengaluru; Editing by Mrigank Dhaniwala and Sherry Jacob-Phillips)
