Chris Weston told Sky News he is confident he can turn around the troubled company, which faces running out of cash in months if it cannot raise fresh equity.
The chief executive of Thames Water has insisted he can rescue the debt-laden utility, which faces running out of cash in months if it cannot raise fresh equity. Speaking after the environment secretary announced new legislation threatening water company bosses with jail alongside a review of the industry, Mr Weston told Sky News he was untroubled by the threat of prosecution, and confident he can turn around the troubled company.
Read more:Water company bosses could face prison time in new crackdown Water companies face customer anger over dividends and bonuses Thames Water is the most extreme example of the challenge facing the privatised water companies, under acute pressure to reduce sewage outflows and modernise infrastructure using private investment, while limiting bill increases.
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