THAMES WATER has confirmed CFO Stuart Siddall is to step down at the end of the year after five years with the company.
The search for Siddall’s replacement will begin once the successor for outgoing chief executive Martin Baggs is found – an appointment the company said will be made “shortly”.
Siddall has been the company’s finance chief since 2011, but has been in CFO roles since 1990, taking in stints at Amec, Balfour Beatty and Manweb.
Company chairman Sir Peter Mason said: “Stuart Siddall has been a strong and effective CFO, playing a major role in increasing the resources directed to front-line services benefitting customers. He has also taken a strong lead in increasing transparency and explaining the company’s finances.
“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.”