Affinity Water Finance (2004) Plc Directorate Change (5138Y)
September 07 2022 - 4:15AM
UK Regulatory
TIDM72YE TIDM19LP
RNS Number : 5138Y
Affinity Water Finance (2004) Plc
07 September 2022
Affinity Water Finance (2004) PLC
(the "Company")
GBP250m of 5.875% Sterling Denominated Guaranteed Notes Due
2026
issued by the Company and guaranteed by Affinity Water Limited
("Affinity Water")
7 September 2022
CEO Appointment
Affinity Water announces today that it has appointed Keith
Haslett as the new permanent CEO of the company. It is expected
that Keith will join Affinity Water in the coming months. Keith is
currently Water Director at Northumbrian Water and brings with him
extensive experience of the industry having previously worked for
both Northern Ireland Water and United Utilities.
Affinity Water is also announcing that after nearly five years
with the company, four as CFO and a year as interim CEO, Stuart
Ledger will leave the company when Keith takes up the role
Commenting, Affinity Water chair Ian Tyler, said: "The Board and
I are delighted that Keith will join Affinity Water as our CEO.
Keith has a deep knowledge and experience of the water industry and
has a formidable track record. I believe he will build on the
legacy of Stuart's excellent management and will provide strong
leadership through the next price review whilst continuing to
deliver improved service to our customers.
The Board and I will be sad to see Stuart go. He has made a huge
contribution to the company, both as a first-class CFO and as an
excellent interim CEO. As CFO he navigated us through our last
price review and the financial challenges of the pandemic, In the
last year as Interim CEO he has led a turnaround in company
performance, putting the company on a firm foundation to deliver
our undertakings in this regulatory period and to prepare for the
next. On behalf of the Board, I would like to thank him for all he
has done and wish him well for the future."
Keith Haslett said: "I am delighted to be joining Affinity Water
as Chief Executive, particularly at such an important time in the
regulatory period as we head into the next price review. Affinity
is a business with huge potential, and I feel that my long track
record and deep experience in the industry mean that I can help
take the business forward, building on the work Stuart and the team
have done so far."
Stuart Ledger said: "I will have completed five amazing years at
Affinity Water. I am proud to have been part of providing an
essential service to our customers. I am particularly proud of what
we have done for the organisation to become more sustainable and
resilient, both financially and operationally.
I remain committed to leading the company until Keith joins the
company. I want to thank everyone in the business for the support I
have had throughout my time at Affinity Water."
Affinity Water Limited
Tamblin Way
Hatfield
Hertfordshire
AL10 9EZ
DISCLAIMER - INTENDED ADDRESSEES
This announcement is a communication to the market. Nothing in
this announcement constitutes an offer of securities for sale in
the United States or any other jurisdiction. This announcement does
not constitute a prospectus or a prospectus equivalent
document.
This announcement has been delivered to you on the basis that
you are a person into whose possession this announcement may be
lawfully delivered in accordance with the laws of the jurisdiction
in which you are located and you may not, nor are you authorised
to, deliver this announcement to any other person. The distribution
of this announcement in jurisdictions other than the United Kingdom
may be restricted by law and therefore persons into whose
possession this announcement comes should inform themselves about,
and observe, such restrictions. Any failure to comply with the
restrictions may constitute a violation of the securities laws of
any such jurisdiction.
Your right to access this service is conditional upon complying
with the above requirements.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAUPUWUBUPPGBQ
(END) Dow Jones Newswires
September 07, 2022 04:15 ET (08:15 GMT)
Affinity 5 7/8% (LSE:72YE)
Historical Stock Chart
From Jul 2024 to Aug 2024
Affinity 5 7/8% (LSE:72YE)
Historical Stock Chart
From Aug 2023 to Aug 2024