RCS - Dwr Cymru Welsh Wtr - Mike Davis to stand down as Dŵr Cymru’s CFO

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10/04/2025 10:15

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RNS Number : 4908E  Dwr Cymru Welsh Water  10 April 2025

 

Press Release
Embargoed until 9am on Thursday 10(th) April 2025

            Mike Davis to stand down as Dŵr Cymru's Chief Finance
Officer

Dŵr Cymru, the not-for-profit water utility, today announces that Mike Davis
is standing down from his role as Chief Finance Officer (CFO) and Executive
Director on the Board, with effect from 30(th) June 2025 after over 20 years
with the company.

Having joined the company in 2001, Mike has held a number of roles including
Financial Controller, Regulation Director and, since 2020, the role of Chief
Finance Officer.

Peter Perry, Group Chief Executive Officer, said: "On behalf of all of my
colleagues across Dŵr Cymru, I would like to thank Mike for his significant
contribution during his long tenure with us as a member of the Executive Team
and our Board as Chief Finance Officer since 2020.  Mike's impact on Welsh
Water has been vast having led four price review processes and the securing of
over £3bn of finance since 2020 to fund our ambitious investment programmes.
Mike has shown strong leadership across the business, and we are very grateful
for his diligence, passion, hard work and impact."

Jane Hanson CBE, Chair of the Board, added: "Mike has played a key role at
Dŵr Cymru for over 20 years.  Not only has he provided strong and wise
counsel to the Board, but his leadership of the Finance function and passion
for the purpose and values of Dŵr Cymru have been demonstrable.  The Board
has valued Mike's commitment and achievements greatly and we thank him
sincerely for his significant contribution to the business."

Whilst the company commences a search for Mike's successor, Samantha James
will continue in her role as interim CFO which she took on in November 2024.

ENDS

For further information, please contact the Welsh Water press office on 01443
452452 or press@dwrcymru.com (mailto:press@dwrcymru.com)

 

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