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Ofwat appoints LEK Consulting as Thames Water’s independent monitor

by Karma Loveday

Ofwat has appointed LEK Consulting to act as Thames Water’s independent monitor.


In August, the appointment of an independent monitor – with access to company information and a duty to report back to Ofwat – was one of the undertakings Thames agreed to after losing its investment grade credit ratings and thereby breaching a licence condition. The monitor will track the company’s progress in particular on its transformation plan, equity-raising efforts and moves towards restoring the investment grade ratings. 


LEK specialises in strategy consulting as a targeted intervention at critical inflection points. It works globally and across industries. See https://www.lek.com/

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