Thames Water boss Sarah Bentley resigns with instant impact after giving up bonus over sewage spills

The chief government of London’s water supplier has resigned with instant impact after criticism of her £1.6m pay packet and the corporate’s environmental efficiency.

Thames Water introduced its chief government Sarah Bentley was stepping down after lower than three years within the position.

The announcement comes simply weeks after it was reported that Ms Bentley will obtain pay and perks price £1.6m this 12 months – practically double her annual wage.

That is regardless of Thames Water saying she would hand over her bonus as a result of water trade’s continued struggles with sewage outflows and leaky pipes.

Raw sewage was pumped into the rivers and streams of the capital for greater than 7,000 hours final 12 months.

The choice to forgo a bonus had been described as a “flimsy PR stunt” by the GMB union.

In the interim, she is being succeeded by the corporate’s chief monetary officer Alastair Cochran and the technique and regulatory affairs director, Cathryn Ross, till the seek for a everlasting alternative concludes.

Ms Bentley joined Thames Water in September 2020 after serving because the chief buyer officer at Severn Trent water firm for greater than 5 years.

It was funds to incentivise her transfer to Thames Water that led to the £1.6m pay award for 2023.

Susannah Streeter, from monetary service firm Hargreaves Lansdown, mentioned it was “highly unclear” why Ms Bentley had resigned from Thames Water.

But she added that “pressure had been mounting on water bosses over their high remuneration”.

Danni Hewson, head of monetary evaluation at on-line funding platform AJ Bell, mentioned the resignation advised a “disagreement behind the scenes about the best way to deliver for the public”.

“Her sudden departure will draw speculation about why she’s stepping away so soon,” she added.

Thames Water chairman Ian Marchant thanked Ms Bentley “for everything she has done” since she joined the enterprise, together with “building a first class executive team and leading the first phase of the turnaround of the company”.

Ms Bentley mentioned: “It has been an honour to take on such a significant challenge, and a privilege to serve Thames Water’s dedicated and inspirational colleagues.

“The foundations of the turnaround that we’ve got laid place the corporate for future success to enhance service for patrons and environmental efficiency.”