South East Water announces new chief executive
Summary
South East Water has named John Halsall as its new chief executive after the previous CEO, David Hinton, resigned. Halsall plans to focus on fixing immediate water supply problems and leading a £2.1 billion investment program to improve the company’s reliability.Key Facts
- John Halsall will become South East Water’s new chief executive, pending regulatory approval.
- Halsall has worked before for Thames Water, South West Water, and Network Rail.
- David Hinton, the former CEO, resigned in May and will leave after a handover.
- South East Water has faced criticism for repeated water shortages in Kent and Sussex.
- Regulator Ofwat proposed a £22 million fine for the company due to supply issues affecting 286,000 people from 2020 to 2023.
- Halsall aims to deliver South East Water’s largest-ever investment program of £2.1 billion to improve water service.
- The company reported £1.3 billion in debt and raised prices by an average of 7% in April, making the average yearly bill £324.
- Halsall said he wants to rebuild trust with customers, partners, regulators, and staff while improving the business.
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