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Evening Standard

Politics

Henry Saker-Clark

Thames Water lenders to appoint Lord Hutton as independent chair in takeover bid

John Hutton Thames Water

Lord John Hutton would act as an independent chair if the rescue bid is successful (Yui Mok/PA) - (PA Wire)

Thames Water’s creditors have revealed plans to appoint former business secretary Lord John Hutton as an independent chair of the water supplier if their rescue bid is given the green light to avoid it being nationalised.

The London & Valley Water consortium, a group made of lenders to the utility giant, said Lord Hutton has been selected as its choice as independent chair designate for the firm.

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One subscription that gives you access to news from hundreds of sites

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