Overview
- Liv Garfield will leave the chief executive role at the end of December after 11 years and will remain until March 31 to support the handover.
- James Jesic, currently capital and commercial services director and managing director of Hafren Dyfrdwy, has been appointed to succeed her with a starting salary of £775,000 versus Garfield’s £873,200.
- For the six months to September 30, pre‑tax profit rose about 60% to £307.8 million as the company reported stronger trading.
- Management lifted guidance for performance incentives to at least £40 million from at least £25 million, citing progress on cutting leakage, reducing storm overflow spills and lowering pollutions.
- Household bills rose by around 21–22% earlier this year to help fund about £15 billion of network upgrades, and the company points to sustained environmental ratings as it advances the programme.