Thames Water CEO defends bonuses of £770,000 for executives as firm posts £190m loss
2025-04-24 14:57:42
Thames Water's chief executive, Chris Weston, has been compelled to justify the payment of £770,000 in bonuses to senior executives.
This comes in light of the company registering a substantial £190 million loss and witnessing a concerning 40% hike in pollution incidents within its semiannual financial results, as reported by City AM.
Weston insists that to draw and retain high-calibre personnel capable of revitalising the beleaguered utility, competitive compensation is necessary, despite Ofwat, the industry regulator, recently slamming the practice of charging customers for what it deemed "undeserved bonuses."
"We need to attract talent to this company
