Affinity Water Finance
PLC
(the
"Company")
£10
million of 1.024% Sterling Denominated Retail Price Index-Linked
Bonds due 2033
£60
million of 2.699% Sterling Denominated Fixed Rate Bonds due
2033
£250
million of 4.5% Sterling Denominated Fixed Rate Bonds due
2036
£85
million of 3.278% Sterling Denominated Fixed Rate Bonds due
2042
£60
million of 0.23% Sterling Denominated Consumer Price Index-Linked
Bonds due 2042
£190
million of 1.548% Sterling Denominated Retail Price Index-Linked
Bonds due 2045
issued by
the Company and guaranteed by Affinity Water Limited ("Affinity
Water")
AFFINITY WATER ANNOUNCES
CHANGE TO ITS BOARD OF DIRECTORS
3
October 2024
Affinity Water Limited ("Affinity
Water") is pleased to announce that Mike
Brown CBE MVO has been offered and has accepted the role of Chair
of Affinity Water Limited. Mike will be
appointed as independent non-executive director and Chair designate
with effect from 14 October 2024. Mike will be formally
appointed as Chair with effect from 17 February 2025.
Mike has extensive experience in the
role of Chair across a number of industries, particularly
transportation and construction. His prior roles include
Commissioner for Transport for London, the world's largest
regulated transport authority and he led the Mayor's multi-billion
pound investment programme, including the preparation for the
highly successful 2012 London Olympics. Mike was also
Managing Director of Heathrow Airport during a large-scale
transformation and passenger improvement programme. In
addition to his new role at Affinity Water, Mike is Chair of the
Shareholder' Committee at Mott Macdonald and Chair of the
Restoration & Renewal Delivery Authority for the Houses of
Parliament. He is also Chair of the Railways Safety and Standards
Board, and serves as a board member of Translink, the public
transport operator for Northern Ireland.
Commenting on the appointment, CEO
Keith Haslett said:
"I
am delighted to announce that Mike Brown will be joining Affinity
Water as our new Chair. Mike brings with him a wealth of relevant
cross-sector experience as well as a wide range of board leadership
skills. He will be joining us at an exciting time for
the business as we make our final preparations to enter AMP8 and I
look forward to our working together to continue Affinity Water's
progress and create further value for all of our stakeholders as we
embrace the many challenges of the water sector. Affinity Water
looks forward to welcoming Mike in October 2024. I would like to
express my sincere thanks to Ian for his hugely valued leadership
and significant contribution to Affinity Water during his role as
Chair and wish him every success for the future."
Mike Brown said:
"I
very much look forward to working with the Affinity Water Board,
its investors and the executive leadership team to continue to
build on the achievements of the business, to navigate the
challenges and to ensure that we successfully meet and exceed all
stakeholder expectations."
ENDS
For further
information, please visit our website or contact:
Company.secretary@affinitywater.co.uk
Affinity
Water Limited
Tamblin
Way
Hatfield
Hertfordshire
AL10
9EZ
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