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Engineering finance expert joins Thames Water

Former Amec and Balfour Beatty finance director Stuart Siddall is to join Thames Water as chief finance officer (CFO), it has been confirmed.

Siddall will start his new role at the end of September at Britain’s biggest water and sewerage company after leaving his current role as The Association of Corporate Treasurers chief executive.

Siddall has held several senior financial roles and was among the first students to qualify with the Association of Corporate Treasurers.

He has gained extensive experience in the construction, engineering and utilities sectors, including serving as finance director for Amec plc, Balfour Beatty Limited and Manweb plc.

He is set to replace Mark Braithwaite, Thames Water’s current CFO, who is leaving the company to take up a key role at Macquarie.

Thames Water chief executive Martin Baggs said: “Stuart has a proven track-record as a finance director in the construction, utilities and finance sectors.

“This experience and ability to deliver will stand the company in good stead as we enter the second year of our £1bn-a-year investment programme to 2015. I look forward to Stuart’s arrival in September.

“I also want to wish Mark well for the future and thank him for four years of truly outstanding service to the company, moving the business from being one of the worst performers in the water industry in England and Wales to among the leaders during his time here.”

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