Chair and chief at Affinity Water to quit

Affinity Water chairman, Philip Nolan and its chief executive officer, Simon Cocks (pictured) have both announced plans to step down.

Nolan will remain as chairman until his successor is found while Cocks’ intention is to quit by the end of 2018. He will take up the role of non-executive director, following the appointment of his successor.

Cocks said: “We are making this announcement now to allow time to secure a chief executive officer to take Affinity Water through the next price review in 2019 and to deliver the next five year business plan out to 2025. I look forward to contributing to the future success of Affinity Water and supporting our business as a non-executive director.”

The Affinity Water Nomination Committee, working with shareholders, is leading the search to appoint successors.