Chairman Philip Nolan said: “As CEO, Richard has played a significant role in the development of Affinity Water over the last four and a half years, leading the amalgamation of the three former Veolia entities, culminating in the company being awarded Enhanced status in the current Ofwat price review. On behalf of the Board, I would like to thank him for his contribution and wish him well in his future career. A search for his successor is being undertaken.”
Richard Bienfait said “After four years as CEO, I feel now is the right time to be leaving the business. Since 2009, the organisation has been transformed and I would like to thank shareholders and employees for their support and hard work in delivering this success. I am confident that the company is now well positioned to deliver our business plan”.
Affinity Water was one of only two companies to be fast tracked by the regulator for the current price review, PR14.