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Daily Mirror
Daily Mirror
National
Simon Murphy

Chairman of sinking Thames Water has beach pad with pool and penthouse apartment

An outgoing boss at sinking, debt-ridden Thames Water is awash with luxury and can look forward to lapping it up at his £1.5m seaside pad with pool.

Ian Marchant earns a fortune as chairman of the company that is leaking hundreds of millions of litres of water every day and is in up to its neck in £14bn worth of debt.

This week the firm, which has 15m customers, was hit by the resignation of its chief executive Sarah Bentley and had crisis talks with the Government over its funding.

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