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Mel Karam, the chief executive of Bristol Water, will retire from the company upon the completion of its integration into Pennon Group after being acquired last year.
Karam, who has led Bristol since 2017, will now take the role of group integration director at Pennon until the effective date of the transfer of Bristol’s instrument of appointment to South West Water when he will step down and retire from the group.
Parent company Pennon added Bristol to its group in June 2021, increasing its water portfolio in the South West of England that also includes Bournemouth Water.
Paul Boote, presently group finance director at Pennon, has been appointed group chief financial officer which includes assuming the top finance roles at both Bristol and South West. With effect this month, Louise Rowe, finance director at South West, and Laura Flowerdew, chief financial officer and director at Bristol, will assume new roles at Pennon.
Bristol’s chief operating officer Richard Price will add the role of chief engineering officer for South West, Bournemouth and Bristol to his remit while also retaining his COO role at Bristol.
The deal was cleared by the Competition and Markets Authority (CMA) in March despite initial concerns that the licence modifications could impede Ofwat’s ability to regulate.
The regulator is undertaking a consultation ahead of the business activities of both parties being unified in a single licence.
Pennon completed the acquisition after selling its waste management business Viridor in 2020 for £4.2 billion.
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