Pennon Group creates group CEO role
Pennon Group has created a new group chief executive role following a review of the water and waste company’s corporate structure.
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Christopher Loughlin, who is currently the chief executive of its subsidiary South West Water, will take up the role on 1 January.
Dr Stephen Bird, who is currently chief operating officer at South West Water, will take over as managing director.
The new role came about following a review by the chairman, which found the future management and oversight of the FTSE 250 company would be better served with a group chief executive.
Chairman Sir John Parker said Loughlin has a wealth of experience after nine years at South West Water.
“I am sure he will provide strong management from a group perspective and successfully lead the group in its future strategic development."
The new role came about following a review by the chairman, which found the future management and oversight of the FTSE 250 company would be better served with a group chief executive.
Ian James McAulay will continue to lead Pennon Group’s other core business Viridor.