52IP Aviva 23

 

TIDM52IP 
 
RNS Number : 2637I 
Welsh Water Utilities Finance PLC 
09 March 2010 
 

                        News from Dwr Cymru Welsh Water 
                     Glas Cymru appoints Chairman Designate 
Glas Cymru Cyfyngedig, the not-for-profit owner of Wales based utility Dwr Cymru 
Welsh Water, today announces the appointment of Bob Ayling as Chairman 
Designate.  He will succeed Lord Burns (who announced his intention to stand 
down at a meeting of the Members of Glas Cymru in December) after the company's 
AGM in July 2010. 
John Bryant (Senior Independent Director) said: "Bob has been a non-executive 
director of Glas Cymru for almost two years, during which time he has made an 
excellent contribution.  He brings knowledge of government and regulation as 
well as experience of running a large customer service organisation.  This is a 
time of considerable challenge and change for the business and the Board is 
delighted to have someone of Bob's calibre as Chairman." 
The Appointments Committee of the Board, led by John Bryant, was advised 
throughout the process by a leading independent firm of recruitment consultants. 
 
End 
Enquiries to the Dwr Cymru Welsh Water press office on 029 2055 6140. 
Editors notes: 
1.   Glas Cymru was formed in April 2000 for the sole purpose of acquiring Welsh 
Water. It is a 'company limited by guarantee' registered under the Companies Act 
1985. Glas Cymru has no shareholders. Instead, Members carry out an important 
corporate governance role but they do not receive dividends nor do they have any 
other financial interest in the Company. This corporate structure ensures that 
all financial surpluses generated are retained and reinvested for the benefit of 
Welsh Water and its customers. 
2.   Glas Cymru's constitution strictly limits its purpose to that of financing 
water assets in Welsh Water's area of appointment and managing Welsh Water's 
business so that high quality water and sewerage services are delivered at least 
cost to the communities served by Welsh Water. Glas Cymru cannot diversify into 
other unrelated commercial activities. 
3.   Bob Ayling was appointed a non-executive director of Glas Cymru and Welsh 
Water on 3 April 2008.  He is Vice-Chairman of Dyson Limited and Chairman of the 
International Dispute Resolution Centre.  A solicitor by profession, with 20 
years in the City of London and as a senior government legal advisor at the 
Department of Trade and Industry, he was Managing Director and Chief Executive 
of British Airways plc from 1993 to 2000.  He is also a former Chairman of 
Holidaybreak plc and non Executive Director of Royal & Sunalliance Insurance 
Group. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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