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The chief executive of Severn Trent will step down next Spring, the company has announced today.
Tony Wray, who has been at the company for nine years, seven of which were as chief executive, informed the board of his intention to retire.
Wray will lead the water utility for the next year, overseeing the submission of its final business plan to Ofwat for PR14 and manage an orderly handover to his successor, the company said.
The board has begun the process of identifying candidates for the position both internally and externally.
Andrew Duff, chairman of Severn Trent, said under Wray leadership the company had undergone “significant” transformations and operation improvement.
“Tony has also been an influential voice within the industry and has played a significant part in setting its future direction. With a strong Executive team in place the timing of this decision provides Severn Trent with continuity of leadership and the necessary time to search for and identify his successor,” he added.
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