Thames Water Utilities Limited

Board/Management Information • Jan 14, 2021

National Storage Mechanism | Additional information

RNS Number : 6895L

Thames Water Utilities Limited

14 January 2021

Ex-Payment Systems Regulator boss Hannah Nixon joins Thames Water board

Thames Water has appointed former Payment Systems Regulator chief executive Hannah Nixon as an independent non-executive member of its board.

Hannah joins the water company following more than 25 years' experience in the regulation, finance and energy sectors, including six years at Ofgem, the gas and electricity regulator.

She was the first chief executive of the Payment Systems Regulator, the economic regulator of the UK's £80 trillion payments industry and the first regulator of its kind in the world.

During her five years in the role, she introduced new measures to protect consumers from payment fraud and drove innovation and competition within the sector. 

Ian Marchant, Thames Water chairman, said: "I'd like to welcome Hannah to the company. She brings a wealth of experience in economic regulation and competition matters and proven world-class skills as a non-executive director.

"We've been going through a lot of change to rebuild trust in recent years, and Hannah's appointment is another positive step forward in achieving our ambition to build a better future for our customers, communities and the environment."

Hannah Nixon added: "I look forward to joining Thames Water at this important time as we strive to deliver the best outcomes for our customers and the environment. I'm proud to be joining an organisation that has risen to the challenge of keeping an essential service running throughout the pandemic and supporting customers in financially vulnerable circumstances, while continuing to invest in operations, customer services and water and waste networks."

Previously, Hannah was senior partner and head of profession for economics at Ofgem, leading the development and implementation of the RIIO price control framework, and was head of regulatory economics at the Office of Rail Regulation.

Hannah also holds non-executive director positions at the National Grid Electricity System Operator (NGESO) and the Jersey Competition & Regulatory Authority.

She replaces non-executive board member Alistair Buchanan, the former chief executive of Ofgem and a former non-executive director of Scottish Water, who joined Thames Water in July 2018.

In 2018, Thames Water pledged independent non-executive directors would form the single largest group on its board, as part of a major review of its corporate structure and governance to boost transparency for customers and stakeholders.

ENDS

About Thames Water    

Thames Water is the UK's biggest water and wastewater services provider. Our key workers provide essential services around the clock to 15 million customers across London, the Thames Valley and surrounding areas.

For an average of just over £1 a day for our households, we provide 2.7 billion litres of drinking water and safely remove 4.4 billion litres of wastewater every day.

We invested more than £1 billion again in 2019/20, leading to a total of £15 billion in the past 15 years, and we will continue to spend wisely on improving resilience, service and efficiency, as well as provide more support for customers in vulnerable circumstances.

We also have additional responsibilities to society and the natural environment. What we do and how we do it delivers significant public value, which is why we have ambitious plans to self-generate more of our own power, reduce our carbon emissions and increase biodiversity across our sites.

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