2026-08-24 · The Standard
🔮 Thames Water lenders plan board overhaul if rescue bid approved
Thames Water’s creditors have revealed plans to appoint four new directors to the board of the stricken supplier if their rescue bid is given the green light to avoid it being nationalised.
Former Yorkshire Water chief executive Liz Barber is among the first tranche of proposed non-executive directors unveiled by the London & Valley Water consortium as it looks to secure Government backing for the deal.
Infrastructure expert Mike McTighe has already been named as the proposed new chairman of Thames Water should the bid be accepted, which would see him replace incumbent Sir Adrian Montague.
Details of the proposed board members are seen as an effort to reassure the Government over governance and leadership of Britain’s biggest water supplier should the rescue bid be approved, amid growing calls for it to be nationalised. assertive