14th Jun 2019 09:56
(Alliance News) - Water company United Utilities Group PLC on Friday reported the departure of Chief Operating Officer Steve Fraser after more than 14 years with the company.
Fraser is leaving the utility company to assume the chief executive role at gas distribution network Cadent Gas Ltd. He will leave United Utilities later in 2019, on a date to be confirmed.
"I would like to thank Steve for the significant contribution he has made to the operational progress we have made and for developing a strong and talented leadership team beneath him. He leaves us at a time when we are finishing this current five year regulatory period in a strong position and are well placed for the next, having received fast track status in Ofwat's assessment of our 2020-2025 business plan," said United Utilities Chief Executive Steve Mogford.
Shares in United Utilities were trading marginally higher at 824.00 pence each on Friday morning.
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