Thames Water Creditors Propose New Board
Thames Water creditors have named proposed directors to oversee a ten-year overhaul under a rescue plan. The struggling utility faces massive debt and infrastructure challenges.
Thames Water's senior creditors nominated four directors on Monday morning to oversee a 10-year overhaul of the utility in the United Kingdom if a proposed rescue deal is approved. The move aims to restructure £20 billion in debt and prevent public ownership under the government. The utility has faced intense public scrutiny over infrastructure neglect and sewage discharges into rivers.
