Severn Trent CEO to retire in spring 2014

Water company Severn Trent has announced the intention of its Chief Executive Officer, Tony Wray, to retire from the company in spring next year, by which time he will have been in the role for seven years.

Water company Severn Trent has announced the intention of its Chief Executive Officer, Tony Wray, to retire from the company in spring next year, by which time he will have been in the role for seven years.

The group has now begun the process of identifying candidates for the position both internally and externally, it said.

Wray will lead the company for the next year, overseeing the submission of its Final Business Plan to Ofwat for PR14 and manage an orderly handover to his successor.

Severn Trent Chairman, Andrew Duff said: "Tony is a highly effective Chief Executive of Severn Trent. Under his leadership the business has undergone significant transformations and operational improvement.

"Tony has also been an influential voice within the industry and has played a significant part in setting its future direction.

"With a strong Executive team in place the timing of this decision provides Severn Trent with continuity of leadership and the necessary time to search for and identify his successor."

NR

Recommended

Three Aim stocks that should hit the bullseye
Share tips

Three Aim stocks that should hit the bullseye

Professional investor Jonathan Moyes of Wealth Club picks three interesting stocks to buy from Aim, London’s junior stock exchange.
22 Feb 2021
Share tips of the week
Share tips

Share tips of the week

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
19 Feb 2021
UK stocks: how the FTSE 100 is finding its feet again
UK stockmarkets

UK stocks: how the FTSE 100 is finding its feet again

The FTSE 100, Britain’s blue-chip stockmarket index, has undergone constant churn in the 37 years since its inception, says Max King. But it is now …
12 Feb 2021
Share tips of the week
Share tips

Share tips of the week

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
5 Feb 2021

Most Popular

A beginner’s guide to bitcoin: where to store your bitcoins
Bitcoin

A beginner’s guide to bitcoin: where to store your bitcoins

Once you've got hold of some bitcoins, you need somewhere secure to keep them. Dominic Frisby outlines some of the best options, from exchanges to col…
4 Mar 2021
A beginner’s guide to bitcoin: the technical genius behind bitcoin and the blockchain – and how it all works
Bitcoin

A beginner’s guide to bitcoin: the technical genius behind bitcoin and the blockchain – and how it all works

In the second in his series on bitcoin, Dominic Frisby looks at the blockchain – bitcoin’s unique underlying architecture – and what makes it and the …
2 Mar 2021
The great rotation is firmly underway – what does it mean for you?
Stockmarkets

The great rotation is firmly underway – what does it mean for you?

As investors move away from “jam tomorrow” stocks and back into “old economy” stocks that should benefit from the post-pandemic recovery, the tech-hea…
5 Mar 2021