Thames Water Names John Hutton Chair
Thames Water creditors have appointed John Hutton as independent chair designate to oversee the utility company's ten year turnaround plan. Mike McTighe was also named vice chair designate by the major creditor consortium.
Thames Water's senior creditor group selected John Hutton as independent chair-designate on Tuesday morning to lead a 10-year turnaround plan. The appointment comes as the United Kingdom utility struggles under £20 billion ($26.70 billion) in debt. Creditors are seeking experienced leadership to restructure the firm's massive liabilities.
