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Anglian Water announces acceptance of Ofwat determination

07 January 2010

Today, Anglian Water announces its acceptance of Ofwat’s price determination for customer bills for the period April 2010 to March 2015.

This means that average bills to residential customers will fall by £28 over the next five years, with over £2 billion to be spent on regional infrastructure during the same period.

As part of our planned succession programme, CEO Jonson Cox will relinquish the role of Group CEO and become Deputy Chairman of the Anglian Water Group. Peter Simpson, currently Chief Operating Officer of Anglian Water, is appointed Managing Director with immediate effect and will be responsible for running the company.

Chairman, Sir Adrian Montague said:“Over the past six years, Jonson has led the Group successfully through a period of significant transformation.  Our position as a leader in the water industry is a credit to Jonson’s vision and leadership.  The focus of the Group is now firmly on our core Anglian Water business and I welcome Peter Simpson to his new role.”