Thames Water is to turn to a veteran City “fixer” as its new chair as it struggles to raise the funds it needs to avoid being taken over by the Government.
It is poised to appoint Sir Adrian Montague, 75, to replace Ian Marchant, who has been chair since 2018, according to The Times. Montague is chair of insurance giant Aviva but is best known for his role running the Treasury’s Private Finance Initiative Taskforce in the late 1990s.
