RNS Number:4660R
Welsh Water Utilities Finance PLC
03 April 2008


WELSH WATER APPOINTS NEW NON-EXECUTIVE DIRECTOR


Welsh Water today announced that Robert (Bob) Ayling has been appointed a
non-executive director of Welsh Water and its parent company Glas Cymru with
effect from 3 April 2008.


In welcoming Bob to the Board, Lord Burns, Chairman, said, "We are very pleased
that Bob is joining the Board. He brings with him a great deal of relevant
experience, including his 15 years at British Airways where he was Chief
Executive until 2000.


Bob Ayling said, "I have been a customer of Welsh Water for more than 25 years
and as a non-executive director I hope to be able to make a contribution to the
company's continuing success. Welsh Water remains unique in being owned by Glas
Cymru, a not for profit company, and being run solely in the interests of its
customers - I know Welsh Water wants to be seen by its customers as being the
very best water company and I will want to contribute to this from my own
experience of running customer service organisations.


Enquiries to the Welsh Water press office on 029 2055 6140


Notes for editors:


1.     Glas Cymru was formed in April 2000 for the sole purpose of acquiring
Welsh Water.   It is a 'company limited by guarantee' registered under the
Companies Act 1985. Glas Cymru has no shareholders. Instead, members carry out
an important corporate governance role but they do not receive dividends nor do
they have any other financial interest in the Company. This corporate structure
ensures that all financial surpluses generated are retained and reinvested for
the benefit of Welsh Water and its customers.


2.     Glas Cymru's constitution strictly limits its purpose to that of
financing water assets in Welsh Water's area of appointment and managing Welsh
Water's business so that high quality water and sewerage services are delivered
at least cost to the communities served by Welsh Water. Glas Cymru cannot
diversify into other unrelated commercial activities.


3.     Bob Ayling (61) is Chairman of Holidaybreak plc, Vice chairman of Dyson
Limited and Chairman of the International Dispute Resolution Centre. He was
Managing Director and Chief Executive of British Airways between 1993 and 2000
and a former director of Royal & Sunalliance Insurance Group. A solicitor by
profession, earlier in his career he spent 20 years in the City of London and as
a senior government legal advisor at the Department of Trade and Industry.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
BOAUUUPUCUPRGQP

Aviva 23 (LSE:52IP)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Aviva 23 Charts.
Aviva 23 (LSE:52IP)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Aviva 23 Charts.