Anglian Water Services ("Anglian Water" or “the
Company”) announces that Peter
Simpson has informed the Board that he would like to retire
after a decade as Chief Executive Officer
(CEO).
31 October
2023
The Board will now commence a rigorous process to
appoint a successor who will lead the Company into the next
five-year price review period (AMP 8). It is envisaged that this
process may take around a year. Peter will continue as CEO until
his successor is appointed and will support a smooth transition
following their appointment. In the meantime, Peter will continue
to focus on delivering the current strategy of the Company,
supported by the executive team.
Peter Simpson joined
Anglian Water in 1989, was appointed COO of Anglian Water in 2004
and became Managing Director of Anglian Water in 2010. He was
appointed as CEO of Anglian Water Group in October 2013. During his time as CEO, Peter has
overseen the embedding of the Company’s purpose to bring
environmental and social prosperity to the region which has also
been formalised by changing the Company’s Articles of
Association.
Peter has been responsible for driving national
standards for water supply resilience and new approaches to the
strategic planning for water. This approach now underpins Anglian
Water’s smart metering, networks, strategic interconnectors,
planned new reservoirs and the multisector approach to planning for
water through Water Resources East.
Peter has also driven an ambitious approach to
reducing the carbon footprint of the Company and ensuring it adapts
to a changing climate. He also positioned UK water as a global
leader in terms of mitigation and adaptation at COP26 by showcasing Future Fens Integrated
Adaptation (FFIA).
Dr Ros Rivaz, Anglian Water’s Chair Designate
said:
“The Board would like to take this opportunity to pay
tribute to the outstanding contribution Peter has made to Anglian
Water. He has worked with great passion and energy, and we have
been very fortunate to have had his vision, drive and
commitment.
Peter has successfully navigated significant
challenges for the business during a period of considerable
challenge for the sector. He has guided the business through the
Covid pandemic and responded to substantial changes in the
regulatory environment. As a result of Peter’s leadership, the
Company is now well placed to address the challenges of AMP 8 and
can continue to deliver on its commitments to customers and the
environment.
Peter’s decision to announce his planned retirement
allows for an orderly process to appoint a new Chief Executive for
Anglian Water.”
Peter Simpson, CEO
said:
“Anglian Water has been a big part of my life and my
decision to retire has been taken with mixed emotions. It has been
a privilege to serve as the Chief Executive of Anglian Water over
the past decade and I am proud of everything we have achieved. It
has been a remarkable team effort by colleagues throughout the
business. I have also benefitted hugely from the support of the
Board and from the commitment of the long-term owners of the
business.
I remain fully focussed on delivering the current
strategy of the business, in partnership with the executive team
and with our many stakeholders, and to supporting the transition to
a new Chief Executive.”
For media inquiries please
contact:
Headland
Consultancy
Andy Rivett-Carnac: 07968
997365
Antonia Pollock: 07789
954356
For investor inquiries
please contact:
Fraser
Campbell: 07890 965226