Following this morning’s evidence session with Thames Water bosses, Alistair Carmichael has expressed concern about the company’s commitment to transparency and accountability to its customers.
During the two hour session, the Environment, Food and Rural Affairs Select Committee (EFRA) put a wide range of questions to Chris Weston, CEO, Sir Adrian Montague CBE, Chair, and recently appointed CFO, Steve Buck.
Amongst other things, the Thames Water bosses were quizzed about finances, the current pension situation, the selection of KKR as its preferred bidder, recent court case, unfinished projects and company structure.
Reacting to the evidence session, the Chair of the Committee, Alistair Carmichael MP, said:
“Our hearing with Thames Water bosses this morning raised real concerns about the company’s commitment to transparency and accountability to its customers.
“Alarm bells are ringing about the processes underpinning its proposed takeover bid by KKR and the potential for a corporate stitch up that benefits those at the top and fails to deliver for customers and the environment.”
Watch the full evidence session on YouTube here, or view below.
