Anglian Water Services Financing Plc Anglian Water Board announces the planned retirement of Peter Simpson

TIDM71GA

Anglian Water Services ("Anglian Water" or "the Company") announces that Peter
Simpson has informed the Board that he would like to retire after a decade as
Chief Executive Officer (CEO).

31 October 2023

The Board will now commence a rigorous process to appoint a successor who will
lead the Company into the next five-year price review period (AMP 8). It is
envisaged that this process may take around a year. Peter will continue as CEO
until his successor is appointed and will support a smooth transition following
their appointment. In the meantime, Peter will continue to focus on delivering
the current strategy of the Company, supported by the executive team.

Peter Simpson joined Anglian Water in 1989, was appointed COO of Anglian Water
in 2004 and became Managing Director of Anglian Water in 2010. He was appointed
as CEO of Anglian Water Group in October 2013. During his time as CEO, Peter has
overseen the embedding of the Company's purpose to bring environmental and
social prosperity to the region which has also been formalised by changing the
Company's Articles of Association.

Peter has been responsible for driving national standards for water supply
resilience and new approaches to the strategic planning for water. This approach
now underpins Anglian Water's smart metering, networks, strategic
interconnectors, planned new reservoirs and the multisector approach to planning
for water through Water Resources East.

Peter has also driven an ambitious approach to reducing the carbon footprint of
the Company and ensuring it adapts to a changing climate. He also positioned UK
water as a global leader in terms of mitigation and adaptation at COP26 by
showcasing Future Fens Integrated Adaptation (FFIA).

Dr Ros Rivaz, Anglian Water's Chair Designate said:

"The Board would like to take this opportunity to pay tribute to the outstanding
contribution Peter has made to Anglian Water. He has worked with great passion
and energy, and we have been very fortunate to have had his vision, drive and
commitment.

Peter has successfully navigated significant challenges for the business during
a period of considerable challenge for the sector. He has guided the business
through the Covid pandemic and responded to substantial changes in the
regulatory environment. As a result of Peter's leadership, the Company is now
well placed to address the challenges of AMP 8 and can continue to deliver on
its commitments to customers and the environment.

Peter's decision to announce his planned retirement allows for an orderly
process to appoint a new Chief Executive for Anglian Water."

Peter Simpson, CEO said:

"Anglian Water has been a big part of my life and my decision to retire has been
taken with mixed emotions. It has been a privilege to serve as the Chief
Executive of Anglian Water over the past decade and I am proud of everything we
have achieved. It has been a remarkable team effort by colleagues throughout the
business. I have also benefitted hugely from the support of the Board and from
the commitment of the long-term owners of the business.

I remain fully focussed on delivering the current strategy of the business, in
partnership with the executive team and with our many stakeholders, and to
supporting the transition to a new Chief Executive."

For media inquiries please contact:

Headland Consultancy

Andy Rivett-Carnac: 07968 997365

Antonia Pollock: 07789 954356

For investor inquiries please contact:

Fraser Campbell: 07890 965226

This information was brought to you by Cision http://news.cision.com
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END

(END) Dow Jones Newswires

October 31, 2023 03:00 ET (07:00 GMT)

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