Thames Water's creditors line up new board under proposed rescue deal
Aug 24 (Reuters) — A group of senior creditors of struggling British utility Thames Water said on Monday it had picked an initial cohort of directors to lead the debt-laden company if its rescue deal goes through.
Mike McTighe, Liz Barber, Clive Selley and Bernadette Kelly are among the proposed non-executive directors for the Thames Water board, the London & Valley Water consortium said.
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“It is proposed that these individuals will join the Thames Water board to oversee Thames Water’s 10-year turnaround and deliver a comprehensive transformation of Thames Water in the interest of customers and the public,” the consortium said.
Reporting by Prerna Bedi in Bengaluru; Editing by Mrigank Dhaniwala and Sherry Jacob-Phillips
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