Leadership at Thames Water is set for a shake up following completion of the takeover by the Maacquarie consortium Kemble Water it was announced this week.
Once the deal goes through in December former Amec boss Sir Peter Mason will join the board as non-executive chairman, replacing James Forbes.The move puts paid to rumours that Mason, who sits on the board of the Olympic Delivery Authority, would take over from former Olympics boss Jack Lemley (News last week).Chief executive Jeremy Pelzer has announced he will leave after the takeover. He will be replaced by former 24Seven Utility Services boss David Owen. Kemble cited Mason's distinguished career and strong leadership qualities as reasons for his appointment. It refused to comment on Pelczer's future plans.Thames was bought by Kemble last month from German owners RWE in a deal worth £8bn, a move which incited criticism from the Consumer Council for Water. RWE originally bought the company for £4.3bn in 2000.